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The Latest Breaking News on Financial Services

MUMBAI: Reserve Bank deputy governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like fintechs if they are undertaking the same activity.

The Times of India

Reliance Capital auction: Torrent Group highest bidder at Rs 8,600 crore

NEW DELHI: Torrent Group on Wednesday emerged as the highest bidder for debt-ridden Reliance Capital in the auction conducted as part of its resolution process.

The Times of India

King Charles banknotes: when will the new notes enter circulation?

King Charles and Queen Elizabeth II are the only two monarchs who have appeared on UK banknotes

Evening Standard

From analysis to the latest developments in health,
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Urgent Christmas scam warning issued to shoppers buying last-minute gifts online this week

Bank of Scotland shares six top tips to make sure your money stays safe over the festive season.

Daily Record

Earn free £200 at start of next year by switching your bank account before today

HSBC UK’s bumper boost for new customers ends on Thursday, December 22.

Daily Record

Leading UK fund manager furthers Pensana investment ahead of Saltend big build

£3.2m equity buy-in comes 12 months after initial 5 per cent stake taken by M&G Investment Management

Birmingham Post

Development Bank of Wales eyeing new British Business Bank funds

Chief executive Giles Thorley said funding to support decarbonisation of the Welsh economy is a key focus

Birmingham Post

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Former bank could be converted into bedsits under plans that also include a cinema room and gym

Despite more than doubling the number of rooms approved for an earlier scheme, the applicant claims the scheme would comply with council size standards

Manchester Evening News

Martin Lewis issues 'last chance' warning to get free £200 cash

The money could really help people out amid the cost of living crisis

Liverpool Echo

Islamic Countries Adopt Makkah Agreement for Cooperation in Combating Corruption

Anti-corruption agencies of Organization of Islamic Cooperation (OIC) member states have adopted the Makkah Agreement aimed at strengthening cooperation and preventing corruption crimes. The law enforcement agencies have attended their first ministerial meeting, in Jeddah.

Asharq Al-Awsat

Business confidence falls in Scotland - but latest Bank of Scotland barometer shows firms remain resilient

'After a turbulent few months many companies are now looking at shoring up their investment plans for the year ahead'

Insider UK

Small rise in business confidence across Wales as firms cautiously optimistic entering 2023

Welsh firms were more optimistic in the economy than in their own business prospects, latest figures from Lloyds Bank reveal

Birmingham Post

South West bosses to target growth in 2023 as business confidence returns

Companies in the region are hopeful for success next year despite concerns remaining around inflation and the recession

Birmingham Post

Wells Fargo to pay $3.7 billion in penalties, restitution over ‘widespread mismanagement’

CHARLOTTE, N.C. — Wells Fargo is facing $3.7 billion in fines and restitution after reaching a settlement with federal regulators Tuesday to resolve multiple issues related to auto lending, mortgages and consumer deposit accounts.

Tribune News Service

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Reuters

IMF board approves $203 million disbursement to Democratic Republic of Congo

The International Monetary Fund's executive board has concluded a third programme review allowing for an immediate disbursement of about $203 million to Democratic Republic of Congo, it said on Tuesday.

Reuters

World Bank approves additional $610 million in financing for Ukraine

The World Bank on Tuesday said it had approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as the war with Russia continues.

Salon

Jones stripped of bankruptcy protections

Texas judge lifts stay preventing Sandy Hook families from collecting damages

WEKU

Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars

The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.

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Reuters

Biden to travel to Mexico City to meet with leaders of Mexico, Canada on Jan 9-10

President Joe Biden will to travel to Mexico City on January 9 for a two-day trip where he will meet with the leaders of Mexico and Canada, White House National Security Council spokesman John Kirby said in a call with reporters on Tuesday.

Reuters

Pending Mexican central bank post to be decided soon, president says

Mexico will in the next few days resolve the pending designation of a board member for the Mexican central bank, President Andres Manuel Lopez Obrador said on Tuesday, as deputy governor Gerardo Esquivel's mandate is set to expire at the end of the year.

Liverpool Echo

Suspected thief named after shop targeted in Old Swan

A 49-year-old man has been bailed to appear in court later this week

Daily Mirror

Livid demolition boss threatens to fill in bank after £36,000 'vanishes' from account

A man furious with bank staff who could not find what happened to money in his bank account destined to pay for a house threatened to fill in the entrance with blocks

Evening Standard

Atom Bank makes its four day week permanent after successful trial

Lender says productivity, customer service ratings and staff turnover have all improved

The Times of India

Wells Fargo to pay $3.7 billion for mistreating customers

NEW YORK: Wells Fargo Co agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau to settle a variety of allegations of mistreating customers, including a $1.7 billion fine that’s the biggest in CFPB history.

Daily Mirror

Just two days left to cash in and get £200 free from your bank - how it works

The £200 switching offer is available to customers who move to HSBC’s Advance or Premier Bank Account, using the Current Account Switch Service (CASS)

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