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The Latest Breaking News on Financial Services

NatWest announces closure of high street bank in Horwich

It's one of 23 banks set to shut this year

Manchester Evening News

Full list of 23 NatWest branch closures happening in 2023

The high street bank has announced plans to shut more sites over the course of this year

Birmingham Post

Natwest to close 23 more branches this year - see full list of affected branches

The list includes a site in Bootle

Liverpool Echo

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UK taxpayer stakes revealed in companies that recently raised over £12m

Also included in the updated list is Steama Company and The Lakes Distillery Company

Birmingham Post

NatWest to shut 23 more bank branches this year - see full list of closures

The closures, which are scheduled to take place from April to June, are down to more people banking online and come on top of 43 NatWest branches already earmarked to close this year

Daily Mirror

Inside 'baby bank' where desperate mums who can't afford nappies or clothes turn

A 'baby bank' in London is helping desperate parents who cannot afford basic necessities for their children including nappies, clothes and toys. Volunteers expect 2023 to be even busier than 2022

Daily Mirror

Surge in current account customers switching banks

Record number used seven-day switching service as rivals offer strong incentives to move accounts

Wales Online

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US Treasury denies Republicans’ request for Hunter Biden records

WASHINGTON — The U.S. Treasury Department refused Wednesday to provide House Republicans any suspicious activity reports it may have on foreign banking and other business transactions by Hunter Biden and other members of President Joe Biden’s family.

Tribune News Service

Surge in current account customers ditching and switching their bank

The number of current account customers using the seven-day switching service in the final quarter of 2022 was the highest since it launched in 2013.

The Independent UK

IMF approves $86.9 million extended fund facility for Mauritania

The International Monetary Fund (IMF) has approved a $86.9 million extended fund facility for Mauritania, it said in a statement on Wednesday.

Reuters

Mum's horror as son ties her up, threatens to pour boiling water over her and demands £10k

Michal Strehlau, 27, kept his own mother prisoner in her home for hours before she managed to escape.

Daily Record

Goldman Sachs signals partial retreat from consumer banking

Goldman Sach spent eight years attempting to expand its business beyond corporations and the wealthy

The Independent UK

CCTV images released after thieves target elderly woman in Nottingham city centre

The 86-year-old victim had taken a bus from Bulwell to Nottingham city centre on Tuesday, December 6 and arrived at around 12.40pm. Nottinghamshire Police has now released images of two women they would like to trace in relation to the incident.

Nottingham Post

Bank of Israel governor says judicial reform could hurt economy – reports

Amir Yaron said to have warned PM that erasing democratic checks and balances could deter crucial foreign investment

The Guardian - UK

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Wales Online

Man with incredible criminal record caught using stolen bank cards

As he was arrested he told police: 'I haven't done anything since I came out of prison 10 years ago and now I'm getting done for wearing some d***head's jacket'

Manchester Evening News

Teen, 18, arrested after man stabbed in the neck at Salford Precinct

The suspect has been arrested on suspicion of attempted murder

Radio France Internationale

French bank promises huge cut in funding for oil producers by 2030

French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030. The announcement follows a threat by three activist groups to sue the bank for continuing to finance oil and gas projects.

Al Jazeera

Gov’t mismanagement, external pressures as Arab currencies crash

Several Arab countries outside the Gulf have seen currency devaluation and rising inflation.

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Asharq Al-Awsat

Lebanese Protest Record-Low Value of Local Currency

Protesters burned tires and held up handfuls of local currency bills on Wednesday at the entrance of the Lebanese Central Bank in Beirut, furious over the spiraling devaluation of the lira. Lebanon's economic meltdown, which began in 2019, has cost the lira around 97% of its value. The decline has…

Reuters

Lebanese protest record-low value of local currency

Protesters burned tyres and held up handfuls of local currency bills on Wednesday at the entrance of the Lebanese central bank in Beirut, furious over the spiralling devaluation of the lira.

Daily Mirror

Son, 27, ties up own mum and holds her prisoner before demanding she pay him £10,000

Drunken Michal Strehlau admitted attempted robbery and false imprisonment of his mother who was forced to flee from a window after a near four-hour ordeal in Hull, east Yorkshire, on October 2

Daily Record

Martin Lewis shares free bank trick that can earn you money at the supermarket

Martin Lewis has shared how a free bank switch can earn you money when you are at the supermarket.

Nottingham Post

Morrisons slashes prices of over 1,000 items – see what's now on offer

Fruit, veg, sirloin steaks and sandwich fillers are all included in the offer

Insider UK

FCA alleges price fixing between Glaswegian money transfer firms

The financial regulator has issued a statement of objection to the three companies

Asharq Al-Awsat

Saudi Arabia Seeks to Accelerate Development of Digital Currency

As the Saudi Central Bank (SAMA) said on Monday that it was carrying out experiments with a central bank digital currency and exploring the potential benefits and risks of its use, economists told Asharq Al-Awsat that the local market was ready and enjoyed the ability to deal with the project…

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