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The Latest Breaking News on Financial Services

Bank apologises after labelling Scot's Thai wife a 'criminal'

A MAJOR bank has apologised to a Scots refugee activist after his local branch tried to stop him from sending money to his Thai wife and would not…

The National (Scotland)

I spent the day at the free Santander Work Café in Leeds to escape rising energy bills and cabin fever

Reporter Lucy Marshall worked from the Santander Work Café in Park Row to see if it is worth using

Leeds Live

Man convicted of manslaughter after fatal uppercut on millionaire banking executive in West End

A man has been convicted of manslaughter after punching a millionaire banking executive in London’s West End in a row over a stolen phone.

Evening Standard

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Full list of Barclays, Natwest, HSBC, Lloyds and Halifax bank branches closing in 2023

Several branches are closing in Merseyside

Liverpool Echo

Alex Murdaugh was $4.2 million in debt, overdrawn at bank, CEO testifies at murder trial

WALTERBORO, S.C. — Jurors in Alex Murdaugh’s murder trial got a late start Friday, as Judge Clifton Newman considered whether testimony about Murdaugh’s alleged financial crimes should be heard by the jury.

Tribune News Service

China must join Ghana debt restructuring effort soon, Germany's Lindner says

Germany's finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the embattled West African nation to form a creditor committee quickly to help it restructure its debt.

Reuters

Iraqis Protest in Baghdad as Currency Crisis Continues

Iraqi protesters rallied Friday in Baghdad, demanding the government take action to stop the economic crisis and the slide of the national currency after the Iraqi dinar plunged further. Measures taken by the United States in recent months to stamp out money laundering and the channeling of dollars to Iran…

Asharq Al-Awsat

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Iraqis protest in Baghdad as currency crisis continues

Iraq's currency has continued its slide and protesters are asking the government to take action to stop the crisis

The Independent UK

‘Beyond imagination’: Pakistan PM warns of IMF bailout conditions

An IMF delegation is in Pakistan for last ditch talks to revive financial aid, which has stalled for months.

Al Jazeera

Banking sector remains resilient and stable, says RBI

NEW DELHI: The Reserve Bank of India (RBI) on Friday said that the Indian banking sector remains resilient and stable.

The Times of India

2 Sorry Stocks to Sell in February

Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…

StockNews.com

World’s biggest investment fund warns directors to tackle climate crisis or face sack

Norway’s sovereign wealth fund threatens to vote against boards on firms it holds investments with over lax climate and social targets

The Guardian - UK

Brits struggling with debt could save thousands in 'unfair' fees thanks to new rules

Consumers who enter a debt solution which is not right for them can face dire consequences and could force them to stay in debt for much longer

Daily Mirror

SBI's total exposure to Adani Group at Rs 27,000 crore; none against shares

MUMBAI: SBI's total exposure to the embattled Adani Group is 0.88 per cent of the book or about Rs 27,000 crore, and the country's largest lender does not envisage any setback on its bets, a top official said on Friday.

The Times of India

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Birmingham Post

Danske Bank UK profits jump by two thirds on transaction and interest rates boost

It made £103.3 million for the full year 2022 compared to £61.3 million in the previous year.

The Times of India

SBI, LIC exposure within permitted limits; markets well regulated: Nirmala Sitharaman on Adani-Hindenburg row

NEW DELHI: Finance minister Nirmala Sitharaman on Friday said she did not expect the ongoing controversy around Adani Group to affect investor confidence as India's banking system is sound and the financial markets are "well regulated".

AAP

Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

The Times of India

Pakistan 'will have to agree' to IMF conditions for bailout: Shehbaz Sharif

ISLAMABAD: Pakistan's prime minister Shehbaz Sharif said on Friday that the International Monetary Fund (IMF)'s demands are “beyond imagination" but admitted that the government had no choice and would have to accept the terms and conditions to avail the fund from the international body.

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Reuters

IMF giving Pakistan tough time in 'unimaginable' economic crisis - PM

Pakistan Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a "tough time" over unlocking stalled funding from a $6.5 billion bailout at a time of "unimaginable" economic crisis.

ABC News

Taxpayer-funded review that found 'flaws' in Robodebt scheme was discontinued by Department of Human Services, royal commission told

In a deal worth almost $1 million, the Department of Human Services engaged a consultancy firm PricewaterhouseCoopers to review the budget savings program, but then declined to see the end result.

The Guardian - AU

Britain ‘relaxed’ about Australia omitting King Charles from new $5 banknote, high commissioner says

‘It is for Australia to decide what it wants on its coins, and on its notes,’ Vicki Treadell says

Bangkok Post

Krungsri aims to grow regional base

Bank of Ayudhya (Krungsri) continues to expand its financial business in Asean and targets its regional customer base exceeding 500,000 this year.

Daily Mirror

Activists gather to support 'Barclays 7' women who broke windows at bank’s headquarters

Climate activists want to draw attention to Barclays’ role as the UK and Europe’s largest fossil fuel investor – and their tactics were inspired by the suffragettes’ window smashing protests of 1911 and 1912

The Guardian - UK

Pursuing economic growth will kill us all in the end

Letters: I risked prison to stand up against an system that will lead to ecological and societal collapse – we must look for alternative economic models, writes Zoe Cohen

Evening Standard

Man who drunkenly killed banking boss in the West End cleared of murder but faces jail

Steven Allan, 34, punched Paul Mason three times in the mistaken belief he had stolen a mobile phone

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