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The Latest Breaking News on Financial Services

Bank of England says it 'will not hesitate' to change interest rates in emergency statement

THE Bank of England is preparing to make an emergency statement this afternoon after the pound plummeted to its lowest ever level against the US…

The National (Scotland)

Metro Bank to give staff 2.75% pay rise to help with soaring cost of living

The UK bank said 98% of employees will get the bonus - and it comes on top of the 5% average salary increase that came into effect in April this year, meaning a total pay rise of 7.75%

Daily Mirror

Lebanese banks reopen partially after weeklong closure

Banks in crisis-hit Lebanon have partially reopened following a weeklong closure amid a wave of heists and protests

The Independent UK

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Bank of Thailand to go for another modest 25 bps hike on Wednesday

BENGALURU: The Bank of Thailand will deliver another 25 basis-point rate hike on Wednesday, its second in a row, even as many of its peers opt for larger increases to fight high inflation, a Reuters poll showed on Monday.

Bangkok Post

Work starts on transforming dilapidated bank in Sutton-in-Ashfield into flats

The bank shut three years ago

Nottingham Post

‘A matter for the Bank of England’: Liz Truss refuses to discuss if UK in recession

Chancellor Kwasi Kwarteng also claims he can’t comment on ‘market movements’ following pound’s plunge

The Independent UK

Lebanon's Banks to Reopen on Monday

Lebanon's banks will reopen on Monday, with each taking their own measures, the country's banking association said in a statement on Sunday. The country's banks have shut for about five days following a spree of bank hold-ups by frustrated depositors seeking access to their frozen savings. On September 16, several…

Asharq Al-Awsat

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Head of World Bank under pressure after White House condemns his ‘climate denial’ comments

David Malpass apologises after saying he ‘doesn’t know’ if he accepts climate science

The Guardian - UK

Inside the abandoned tunnels and vaults under famous Liverpool street

The long forgotten spaces have a rich history

Liverpool Echo

White House condemns World Bank chief Malpass's climate comments

The White House on Friday said it condemned recent comments on climate change by World Bank President David Malpass, who came under fire this week after he declined to say whether he accepts the scientific consensus on global warming.

Reuters

Union Bank of India opens ethical hacking lab

Hyderabad

The Hindu

Pivotal buys Danske Bank UK's Northern Ireland non-bank ATM network

The deal sees 107 ATMs come under Pivotal's control while Danske Bank will retain ownership of its 85-strong branch ATMs

Birmingham Post

Police launch investigation after early morning bank raid at Barclays in Altrincham

Thieves fled empty-handed after smashing the front doors

Manchester Evening News

Air filter firm invests in UK operations as it shortens supply chain

Somerset-based Jasun Envirocare said it had seen a rise in demand for its air filtration system since the start of the Covid-19 pandemic

Birmingham Post

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Newcastle Herald

'We won't do an NIB': Greater and Perm bosses

The Perm and Greater Bank chairmen addressed the merger subject at the Newcastle Institute's September event

Tribune News Service

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Belfast Live

Inside old Stewartstown Ulster Bank building transformed into coffee shop

The building and grounds were bought over recently by local businessman Don Ryan

Irish Mirror

How to avoid investment fraud as cases more than double in the last six months

In July alone, 80% of personal customer losses were down to investment fraud.

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Manchester Evening News

Martin Lewis issues advice on how interest rate hike will affect mortgages and savings

The money-saving expert took to Twitter to share his thoughts on the Bank of England's announcement

Edinburgh Live

Owner of former East Lothian bank begs to turn it into home after failing to sell it

The former Royal Bank of Scotland building was bought for double the asking price four years ago but attempts to win planning permission to turn it into a home have been rejected by planners unwilling to lose a commercial unit in the seaside town

Manchester Evening News

What the interest rate hike means for you and your wallet

It may now be a good idea to start saving your money as interest rises once again in the UK

The Independent UK

Lebanese banks decide to stay shuttered, over security fears

Lebanon's embattled banks have decided to remain indefinitely closed after rejecting a proposed government security plan

The Guardian - UK

Mortgage lenders put up interest payments before Bank’s base rate hike

Increased charges could add thousands to some people’s home loan costs

The Guardian - UK

Interest rate hike points to the Bank keeping its foot firmly on the brake

The half-point rise wasn’t the limit of the measures announced by a central bank accused – until now – of acting too slowly on inflation

Evening Standard

Borrowers rush to get new fixed term mortgage deals as rates jump again

Worried homeowners are ripping up fixed rate mortgage deals to lock in again ahead of further huge rises in borrowing costs, brokers said today.

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