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The Latest Breaking News on Financial Services

Unite cuts ties with key supplier over fears of financial irregularities

Union opens independent inquiry, saying it acted to avoid possible breach of Proceeds of Crime Act

The Guardian - UK

Tackling climate change will require reforming the World Bank and IMF – here are two options

A global transition to a low-carbon economy will require investments of at least US$4 trillion a year (£3.4 trillion) according to the implementation plan agreed at COP27 UN climate change summit in Sharm El-Sheikh, Egypt. Delivering this funding will involve nothing less than “a swift and comprehensive transformation of the…

The Conversation

1 Stock to Buy for Your Retirement Account and 1 to Keep Out

Following October’s favorable inflation data, the Fed is expected to slow down its rate hike aggression. While there’s a surge in investors’ optimism, uncertainty remains. Therefore, investors looking to strengthen their retirement portfolio could consider buying quality dividend-paying stock Kroger (KR). However, fundamentally weak Carvana (CVNA) might be avoided. Keep…

StockNews.com

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Who is Michelle Mone? BBC airs documentary on ex Tory peer's downfall

Baroness Michelle Mone called the BBC documentary about her “misleading and one-sided”

Evening Standard

3 Stocks You Can Buy No Matter What the Market Does Next

Amid widespread macroeconomic headwinds, the global economic outlook seems uncertain. However, the Fed has finally started contemplating smaller rate hikes. Although uncertainties remain, we think fundamentally strong stocks Walmart (WMT), Centene Corporation (CNC), and Kroger (KR) are quality investments. Continue reading.

StockNews.com

Hong Kong airport launches new third runway

Hong Kong’s airport has officially launched a new third runway which is expected to boost the city’s status as an aviation hub

The Independent UK

PBOC to Cut Banks’ Reserve Requirement Ratio to Support Economy

The 25 basis-point reduction, effective Dec. 5, follows a cut of the same magnitude in April, and will free up around $70 billion of cash for lending

Caixin Global

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Rare Scots banknotes auctioned to raise cash for food banks amid cost of living crisis

Natwest are auctioning off all of their rare banknotes, including a £50 note that is hoped to fetch almost £2000.

Daily Record

UAE Govt Annual Meetings Unveil 8 Projects, National Initiatives

The UAE revealed eight national projects and initiatives as part of the outcomes of the annual meetings of the UAE government, which were held this week in the presence of President Sheikh Mohammed bin Zayed Al Nahyan, Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid…

Asharq Al-Awsat

Closed accounts, no money: Chime app users complain they were suddenly shut out of their online accounts

Consumers have filed hundreds of complaints saying accounts with the popular fintech app were closed without warning. The company says it can close them “for any reason or no reason.”

Chicago Sun-Times

Rare banknotes going under the hammer to help raise money for food banks

NatWest is putting some of its rare banknotes up for auction and it is hoped the sales could raise more than £400,000.

The Independent UK

Lloyds Bank issues urgent £500 scam warning to all customers during festive season

As Black Friday hits the world by storm with massive discounts and exciting offers, Lloyds Bank are urging their customers to ensure their purchases are legitimate.

Glasgow Live

Shocking table reveals number of ATMs decommissioned in Lanarkshire

Age Concern say the country's vanishing ATM's has negatively impacted the older generation

Daily Record

Welsh small firms greatest appetite in the UK to raise external finance but under performance on equity

On the number and value of equity deals Wales punches below its weight shows new research from the British Business Bank

Birmingham Post

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Insider UK

SSE to sell 25% stake in transmission network for £1.5 billion

A new £750m credit facility has also been put in place to secure long-term funding

Miami Herald

The Week Ahead: How investors will be listening for the tune through the noise of the economy

Investors will be greeted with a chorus of economic data in the week ahead. Among those listening for some harmony will be Federal Reserve leaders as they prepare to deliver their last interest rate decision of the year.

The Independent UK

SSE to sell 25% stake in transmission network arm for £1.5bn

SSE told shareholders the deal will ‘help unlock significant growth’ in the transmission business and SSE as a whole.

Asharq Al-Awsat

Lebanon’s Central Bank Says Audit of Gold Reserves Completed ‘Successfully’

Lebanon’s Central Bank announced on Friday that the audit of the bank’s gold reserves- coins and ingots- which came at the request of the International Monetary Fund, has been completed “successfully.” The bank said that the amount of gold bullions declared corresponded exactly with the quantity of gold in its…

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Chronicle Live

Lloyds Bank issues urgent £500 scam warning to all customers

As the world cashes in on substantial discounts and alluring offers, the bank are urging people to make sure their purchases are legitimate to avoid losing money

Birmingham Post

Marked slowdown in housing market since mini budget, says LSL Property Services

The trend has impacted the group's estate agency, financial services, valuations, and surveying division

Insider UK

Overdue invoices in Scotland hit a 2022 high

More than 100,000 Scottish companies failed to meet payments on time between August and October

Manchester Evening News

'Give me your money or I'll take you to the moors and you'll never be seen again'

When Gary Karucz was arrested, he asked police: "Are you here because I have been loaning money to the homeless?"

Dublin Live

Ulster Bank announce fixed mortgage rates increases

Ulster Bank is the latest bank to increase their new fixed rate mortgage rates

AAP

Paused finance bill puts consumers at risk

Delayed financial reforms could put consumers at risk as the rising cost of living pushes households towards dodgy lenders.

The Times of India

Benchmark indices fall in early trade after three-day rally

MUMBAI: Equity benchmarks fell in early trade on Friday, halting their three-day rally, amid a largely weak trend in other Asian markets.

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