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The Latest Breaking News on Financial Services

Bombay HC grants interim bail to Sena MLA's aide in money laundering case

MUMBAI: The Bombay High Court on Monday granted interim bail to an aide of Shiv Sena (Eknath Shinde faction) MLA Pratap Sarnaik in a money laundering case being probed by the Enforcement Directorate (ED).

The Times of India

US banks named as being among least ethical UK operators

A new study scores the best and the worst accounts based on key issues such as climate and tax avoidance

The Guardian - UK

Madhya Pradesh: ED starts money laundering probe against BP Food Products

BHOPAL: Enforcement directorate has started a money laundering probe against the directors of Gwalior-based BP Food Products Private Limited in connection with a fraud case.

The Times of India

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Britain's GDP grows 0.5% in Oct: statistics office

LONDON: Britain's economy grew 0.5% in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.

Bangkok Post

UK economy returns to growth as GDP rises 0.5% in October

Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession

The Guardian - UK

What has Barclays done with my £50,000 after post-Brexit changes?

I kept the account when I moved to Greece, but the bank closed accounts held by non-UK residents

The Guardian - UK

Which HSBC, Lloyds, Santander, Natwest, Barclays and Halifax branch are closing

54 branches are closing every month bringing the total to 5,355 since 2015

Wales Online

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'A glimmer of hope': NatWest boss on why North West businesses can be optimistic despite looming recession

The headline North West PMI Business Activity Index registered 48.5 in November, little-changed from October’s 48.4

Birmingham Post

Contraction across Scotland's private sector gathers pace in November

Latest RBS research shows a sharper decline in new orders, as business sentiment weakens in November

Insider UK

Spike in use of gambling blocks to curb overspending amid income squeeze

Online bank Monzo revealed that it has seen 50,000 of its customers utilise its gambling block tool for the first time over the past six months.

The Independent UK

Thais willing to share data to enable better online banking

The majority of Thai consumers want a better digital banking experience, with more than half willing to share and have their data collected by service providers to improve their experience, according to a recent survey.

Bangkok Post

Wall Street reneges on climate promises

Vanguard, the world’s second-largest asset manager, announced it is resigning from a global net-zero initiative

Salon

Faith leaders helping bring credit union to Austin, a ‘game changer’ for West Side

Partnership will bring local checking, savings accounts and other financial services for the first time in years to Austin, where nearly 1 out of every 3 adults don’t have a checking or savings account, according to the Chicago Health Atlas.

Chicago Sun-Times

Homeowners face mortgage hike as Bank of England prepares to raise interest rates in days

The Bank of England is expected to increase its base interest rate from 3% to 3.5% at a meeting this Thursday, which would hit homeowners with variable mortgages

Daily Mirror

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Wales Online

Bank of England to hike mortgage repayments again next week

Interest rates to be raised another half of a per cent

The National (Scotland)

More mortgage pressure as Bank of England 'to raise interest rates' further

THE Bank of England is expected to raise interest rates even higher next week at its next meeting, putting further pressure on mortgages.

Liverpool Echo

Numbers you should never answer if they ring or text

Scammers are becoming more and more deceitful

Asharq Al-Awsat

US Presses UN on Israeli Settlement Business Blacklist

The United States said Friday it was pressing the United Nations not to update a blacklist of companies doing business in Israeli settlements, despite Washington's calls on its ally to stop expansion in occupied Palestinian territory. The State Department confirmed that it had approached the UN human rights office with…

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Reuters

IMF chief Georgieva cites 'fruitful exchange' with China on debt issues

International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.

Reuters

U.S. sanctions officials close to El Salvador's Bukele for alleged corruption

The United States sanctioned several Central American officials it accused of possible corruption in their respective countries on Friday, including two politicians close to El Salvador's President Nayib Bukele.

StockNews.com

3 Terrible Stocks You Need to Sell Before 2023

The prevailing high inflation and continued interest rate hikes triggered fears of a recession and dampened investor sentiment. Amid such uncertainties, it could be wise to steer clear of fundamentally weak stocks Affirm Holdings (AFRM), Cano Health (CANO), and Faraday Future Intelligent Electric (FFIE). Continue reading….

The Independent UK

European stocks move higher as UK overhauls banking rules

UK banking giants, insurers and asset managers were among the companies that lifted to the top of the FTSE 100 on Friday.

Evening Standard

Banking reforms may not cause the next crash, but they’re unlikely to boost growth either

‘Red tape’ is a revealing concept. To some, it represents bureaucracy (ideally of the foreign kind) ‘gone mad’. Think Brussels directives on the correct angle of a banana – a myth based on EU Commission Regulation No 2257/94 on standards for bananas.

The Independent UK

Jeremy Hunt warned plan to rip up bank rules is ‘huge mistake’

Chancellor accused of ‘race to bottom’ to mitigate Brexit damage to sector

The Guardian - UK

Four people arrested as part of inquiry into Gulf state buying EU influence

Belgian police seized cash and searched 16 properties across Brussels during major investigation into corruption and money laundering

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