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The Latest Breaking News on Financial Services

Former Huishang Bank Chairman Expelled From Communist Party

Wu Xuemin turned over to judicial system for prosecution on corruption charges turned up by party’s top graft busters

Caixin Global

Man glues himself to table in Natwest after being unable to access bank account

The businessman claims he needs the money inside the locked account to pay his 40 staff members.

Daily Record

Lebanon Arrests 3 after Over $1M Stolen from Home

Police in Lebanon, where a banking crisis has forced people to stash cash at home, said Friday that three people have been arrested after stealing over $1 million from a private residence. The three Syrians -- a man, his wife and a relative -- were arrested on November 11, a…

Asharq Al-Awsat

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Permanent TSB becomes latest bank to raise interest on fixed rate mortgages

The bank said it will raise interest rates on its home loan fixed rate products by an average of 0.45 per cent

Dublin Live

Public buildings in England and Wales likely to get 15%-20% tax rises next year

Business rates revaluation likely to hit hospitals and colleges, while big banks and department stores such as Harrods benefit

The Guardian - UK

Scots dad jailed in Iraq over 'Qatar Bank debt' has flight home delayed

Brian Glendinning, 43, from Fife was jailed in Baghdad two months ago over an unpaid debt.

Daily Record

Bank move allows customers to limit how much they spend on gambling each month

The feature allows people using the Lloyds Bank mobile app to set a monthly debit card gambling limit of any amount to the nearest pound.

The Independent UK

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Nationwide warns more mortgage holders could fall into arrears amid cost-of-living crisis

The high street building society also said mortgage activity was likely to slow next year

Birmingham Post

Will takeover for Christmas vouchers firm Appreciate Group succeed or could rival bid emerge?

The group's brands include Love2shop, highstreetvounchers.com, Park Christmas Savings and Appreciate Business Services

Birmingham Post

Brian Glendinning: Father-of-three held in Iraqi jail over Qatar bank ‘debt’ to return to Scotland

Brian Glendinning, 43, will arrive in Edinburgh on Friday afternoon after a two-month ordeal in an Iraqi prison over an alleged debt.

Evening Standard

Permanent TSB latest bank to up mortgage interest rates - What it means for you

The changes follow three rounds of interest rate increases from the European Central Bank in recent months

Irish Mirror

Weekly Must-Read: Will Europe Pour More Money Into China?

As dramatic geopolitical changes alter the calculus, foreign investment from Europe more than doubles this year after three years of decline

Caixin Global

Father-of-three held in Iraqi jail over Qatar bank ‘debt’ to return to Scotland

Brian Glendinning, 43, will arrive in Edinburgh on Friday afternoon after a two-month ordeal in an Iraqi prison over an alleged debt.

The Independent UK

Citic to Become Biggest Huarong Shareholder

State-owned investment company to get 3% from Finance Ministry, pushing its Huarong stake to 24.46% after leading $6.6 billion bailout of the bad-debt manager

Caixin Global

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StockNews.com

3 Consumer Stocks to Buy and Hold for Years

Although inflation has shown some signs of cooling, rate hikes are expected to continue. The consecutive rate hikes could tip the U.S. economy into a recession. As consumer staples face a stable demand, Coca-Cola (KO), Constellation Brands (STZ), and Lifeway Foods (LWAY) could be solid buys for the long run…

Daily Record

Dad jailed in Iraq over 'Qatar Bank debt' to arrive back home in Scotland on Friday

Brian Glendinning, from Fife, will finally arrive back home after a gruelling two months in an Iraqi prison, where his lawyers claim he was wrongly detained.

StockNews.com

2 Stocks You Could Keep in Your Portfolio Forever

Despite signs of inflation cooling in the United States, the IMF is not expecting the global economic picture to improve anytime soon. However, the cooling inflation might induce the Fed to ease the pace of rate hikes. As economic uncertainties remain, we think fundamentally solid stocks McDonald’s (MCD) and Biogen…

The Times of India

Haryana: Man steals parcel worth Rs 96 lakh from DTDC warehouse in Gurugram

GURUGRAM: A man who worked as a driver for a transport agency has allegedly stolen a parcel worth Rs 96 lakh from the warehouse of the DTDC courier company in Jhund Sarai village in Haryana's Gurugram, police said on Thursday.

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The Independent UK

Father held in Iraqi jail over ‘debt’ to arrive back in Scotland on Friday

Brian Glendinning, 43, was arrested in Iraq in September over an alleged debt he owed to the Qatar National Bank.

Axios

Sam Bankman-Fried's farcical fundraising effort

The former FTX CEO has lost the plot.

Daily Mirror

Fury at £18 billion Tory 'giveaway' as taxes slashed for big banks on day of misery

Jeremy Hunt faces calls to reverse his decision - buried in the small print of his Autumn Statement - to cut the Bank Surcharge from 8% to 3% following calls from the banking sector

The Independent UK

Bank surcharge slashed but ‘so-called cut’ means 1% tax rise for sector

Lloyds Banking Group and NatWest saw shares rise by about 1.5% after the Treasury confirmed that the tax on banks’ profits would be cut from April.

Birmingham Post

Fintech start-up Agam relocating to Wales following latest investment round

Investors in the round include the Development Bank of Wales

Liverpool Echo

Nationwide, HSBC and First Direct bank account holders can get over £175 for free

Several providers have cash offers in place

The Independent UK

How do interest rates affect inflation? - OLD

Borrowing costs at their highest level in 14 years

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