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The Latest Breaking News on Financial Services

Santander's message to anyone with new bank account

Competition in the current account market is heating up

Liverpool Echo

Fears of Christmas cash shortage at Asda, Tesco, Aldi and banks as G4S security staff to strike

It could impact the supply to places like Tesco, Asda and Aldi

Wales Online

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

WEKU

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Average five-year fixed mortgage rate less than 6% for first time in seven weeks

Mortgage rates jumped sharply after the mini-budget in September.

The Independent UK

Global shocks likely to drive more frequent interest rate changes, RBA says

Central banks will need to adjust rates more often to respond to unpredictable levels of inflation, Philip Lowe says

The Guardian - AU

HBCU grads can face lifelong student debt burdens. Here’s what that looks like in NC

CHARLOTTE, N.C. — Whether it’s buying a home, saving for retirement or starting a business, student debt makes it difficult for graduates of historically Black colleges and universities to build wealth after college, a new report shows.

Tribune News Service

UK borrows more as energy support begins and economy slows

Losses on government bonds and higher debt interest caused by rising inflation add to October figure

The Guardian - UK

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Asia Wealth Securities suspended from all business

The Securities and Exchange Commission on Tuesday ordered Asia Wealth Securities to cease all its operations after its net capital fell below zero for more than 5 business days.

Bangkok Post

RBA leaves 50bp rate hike on the table

The Reserve Bank is prepared to do whatever is necessary to ensure the spike in inflation is only temporary and doesn't linger.

AAP

G4S strike prompts fears of festive cash shortages at banks and shops

More than 1,000 staff who deliver money to firms such as Barclays, Asda and Tesco to take action

The Guardian - UK

Five-year mortgage rates drop below 6%; UK lagging G7 rivals; European stocks at three-month high – as it happened

Average five-year fixed mortgage rate has dropped below 6% for the first time in seven weeks, as OECD cuts growth forecasts

The Guardian - UK

S&P upgrades Axis Bank rating on improving asset quality

NEW DELHI: SP Global Ratings on Tuesday upped its credit rating on Axis Bank with a stable outlook on expectations that the private sector lender will maintain good asset quality over the next two years.

The Times of India

UCO Bank shares surge over 50% in November so far

NEW DELHI: Shares of state-owned UCO Bank continues to give stellar gains to investors.

The Times of India

Shanghai Composite Index Rose 0.13% on Tuesday

Shenzhen Component Index closed down 1.18%

Caixin Global

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ABC News

ANZ set to pull out of pariah state Myanmar after facing 'increasing operational complexity'

ANZ announces it will pull out of Myanmar, dealing a blow to the country's military junta and potentially ramping up pressure on other overseas banks to turn their backs on the regime.

Bangkok Post

Banks report dip in NPL ratios

Banks posted lower non-performing loan (NPL) ratios in the third quarter this year thanks to the economic recovery and appropriate risk management under their debt relief programmes.

The Independent UK

Santander unveils new current account with cashback and linked savings interest

Up to £20 cashback per month will be available with Santander Edge and a linked savings account will also offer 4% interest on balances up to £4,000.

Chicago Sun-Times

Businessmen seek $5 million in TIF funding to install surveillance cameras in Fulton Market, Garfield Park

The ACLU of Illinois has repeatedly raised alarms about such cameras, warning last year that the city’s camera system “continues to operate without any regulation or privacy or regular public reporting.”

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Bangkok Post

Talks aimed at quashing Ponzi fraud

The Department of Special Investigation (DSI) and the Finance Ministry have discussed methods to strengthen their efforts to prevent Ponzi schemes, says Fiscal Policy Office director-general Pornchai Thiraveja.

Tribune News Service

In closing argument, prosecutor insists ‘absolute power’ corrupted former South Carolina banker Russell Laffitte

CHARLESTON, S.C. — In her closing argument of former South Carolina banker Russell Laffitte’s federal bank fraud trial Monday, prosecutor Emily Limehouse said, “Absolute power corrupts absolutely.”

Caixin Global

Central Bank Plans New Lending Tool to Support Embattled Developers

Addition of $28 billion at zero cost is intended to encourage 18 big banks to issue credit to builders with stalled residential projects

Bangkok Post

Banpu subsidiary BKV keen on US listing

Non-oil energy conglomerate Banpu Plc is preparing to list its subsidiary BKV Corporation on the New York Stock Exchange to grow its businesses in the US and support efforts to cut carbon dioxide emissions.

Daily Record

Lanarkshire banking hub recognised for success at awards ceremony

Cambuslang BankHub opened last year

The Independent UK

Auditors in Iraq uncover staggering $2.5 billion tax fraud

Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards

The Independent UK

Prosecution rests in Trump Organization’s tax fraud case

Prosecutors in the Trump Organization’s criminal tax fraud trial have rested their case

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