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The Latest Breaking News on Financial Services

Millions of 'financially fragile' Brits mired in debt in cost of living crisis

A study by the accountancy firm PwC lays bare the struggles of households at the turn of the year as inflation rampages, mortgage costs accelerate and real wages are eroded

Daily Mirror

North East companies show renewed optimism for year ahead

The latest study from Lloyds Bank shows firms think 2023 will be a better year

Birmingham Post

East Midlands businesses back a better 2023, says survey

Despite Ukraine war, high inflation and Brexit, Lloyds Bank survey suggests nine in 10 bosses plan to invest

Birmingham Post

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CBI Court Sends ICICI Bank-Videocon Loan Fraud Case Accused To 14-Day Judicial Custody

The special court of the Central Bureau of Investigation (CBI) on Thursday sent three accused -Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot- in the ICICI bank-Videocon loan fraud case to 14-day judicial custody. Read on for details:

Dynamite News

Welsh firms expecting to be more successful in 2023 than this year

New research from Lloyds show that 10% of Welsh firms expect revenues to grow by more than 20% in 2023

Birmingham Post

Uproar as Senate's student loan bill passed

The Senate's version of the controversial amendment to the Student Loan Fund (SLF) Act, in which the Upper House decided to retain interest and fines for defaulters, was given the all-clear by the House of Representatives on Wednesday despite strong opposition by several MPs.

Bangkok Post

Michael Hiltzik: Wells Fargo got slammed with a $3.7-billion penalty. So why doesn't it sound sorry?

The Consumer Financial Protection Bureau left very little unsaid when it announced, a few days before Christmas, $3.7 billion in assessments against Wells Fargo Bank for more than a decade of legal violations harming its millions of customers.

Los Angeles Times

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Full list of confirmed UK bank holiday dates in 2023 including the extra one

There will be three bank holiday dates in May 2023 due to the coronation of King Charles III

Wales Online

Royal Mail app and website down as customers try to log on

Royal Mail say they are working to fix the issue

Nottingham Post

ICICI Bank-Videocon Loan Fraud Case: Court Extends CBI Custody Of Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

The Central Bureau of Investigation (CBI) court on Wednesday granted two days more of custody to the CBI of three accused -Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot- in the alleged ICICI bank-Videocon money laundering case. Read on for details:

Dynamite News

DWP Universal Credit claimants hit with huge monthly pay cuts

Thousands of people in Merseyside alone are having their benefit payments slashed

Liverpool Echo

5 Stocks to Buy Now and Hold for the Long Term

As the Fed hinted at raising interest rates through 2023, investors are worried about a recession. However, the rate hike aggression is expected to slow down if inflation keeps cooling. Regardless of market conditions, buying and holding fundamentally sound stocks Johnson & Johnson (JNJ), Berry Corporation (BRY), Honda Motor Company…

StockNews.com

3 ETFs to Consider Buying Before January

Although inflation eased for two consecutive months, the Fed is expected to keep raising interest rates through 2023. This is expected to keep the stock market under pressure in the upcoming months. Amid this backdrop, it could be wise to buy ETFs JPMorgan Ultra-Short Income (JPST), VanEck Pharmaceutical (PPH), and…

StockNews.com

Banks' consolidated balance sheet hits double-digit growth in FY22: Report

MUMBAI: The consolidated balance sheet of Indian banks notched double-digit growth in 2021-22, after a gap of seven years, led by credit growth that accelerated to a ten-year high in the first half of the year, the central bank said in a report on Tuesday.

The Times of India

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Liverpool Echo

Full list of bank closures coming in 2023 including Lloyds, Halifax, NatWest and HSBC

Another 193 banks are scheduled to shut in 2023

Nottingham Post

All the Nottinghamshire banks confirmed for closure in 2023

Which? suggests banks and building societies have closed, or have scheduled to close, a total of 5,355 branches since January 2015. This amounts to 54 branches each month.

Wales Online

The near-200 banks set to close in 2023 as branches disappear from high streets

These are the closures that are currently known about - more could be announced

Belfast Live

Five bank scams to be aware of in Northern Ireland in 2023

Which? has identified five bank transfer scams to look out for next year

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news in one place.

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Liverpool Echo

People warned to look out for messages asking for a 'favour'

Five bank scams to watch out for in 2023

Bangkok Post

Insurance upheaval

A huge number of Covid-19 insurance lump-sum claims, spurred by the peak of the pandemic in 2021 and early this year, caused the closure of four insurance companies -- Asia Insurance, The One Insurance, Southeast Insurance and Thai Insurance -- as they did not have sufficient capital reserves to pay…

The Times of India

Payment system operators to report fraud on RBI's DAKSH from January 1

MUMBAI: In order to streamline reporting, enhance efficiency and automate the payments fraud management process, the RBI on Monday said the fraud reporting module will be migrated to DAKSH -- the Reserve Bank's advanced supervisory monitoring system -- from January 1.

Daily Mirror

Brits queue up for Boxing Day sales - but high streets quiet as many stay home

High street stores seem to have attracted much smaller crowds this year as Brits feeling the pinch of rising costs say they'll spend less in post-Christmas sales

The Times of India

Sebi orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others

NEW DELHI: Sebi on Monday ordered the attachment of bank and demat accounts of Sahara Group firm, its chief Subrata Roy and others to recover Rs 6.42 crore for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs).

Dynamite News

ICICI Bank-Videocon Case: CBI Seeks Three-Day Custody Of Videocon Chairman, Chanda And Deepak Kochhar

CBI has sought the custody of the Videocon chairman for three days and of the couple for three more days. Read on for details:

The Times of India

CBI arrests Videocon founder Venugopal Dhoot, to be produced in court soon

MUMBAI: The Central Bureau of Investigation (CBI) on Monday arrested chairman of Videocon Group Venugopal Dhoot in connection with ICICI Bank loan fraud case. Last week, the CBI had arrested former CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in relation to the same case.

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