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The Latest Breaking News on Financial Services

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

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

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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

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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

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.

Birmingham Post

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".

The Times of India

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.

AAP

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.

The Times of India

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.

Reuters

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.

ABC News

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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

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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

The Independent UK

Drunk electrician killed bank CEO in phone row outside The Ivy

A man who drunkenly attacked and killed a wealthy banker after he left The Ivy Club in London’s West End is facing jail.

Liverpool Echo

Two men seen 'jumping out' of burning car in Old Swan

The car caught fire close to traffic lights

Wales Online

One of Wales' best known shopping centres, Cardiff's Queen's Arcade, is in receivership

The Queens Arcade in the centre of Cardiff has been hit by falling rental income and footfall

The Times of India

SBI has $2.6 billion of loans to Gautam Adani

MUMBAI: State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about half of what is allowed under the rules, according to a person familiar with the matter.

The Times of India

Bank manager lodges cheating complaint again man in Gujarat

AHMEDABAD: The manager of a private bank has lodged a complaint of cheating, forgery, forgery for valuable security or will, forgery for cheating and using fake documents with police against a resident of Naroda in Gujarat.

The Times of India

Bank manager lodges cheating complaint against man in Gujarat

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