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The Latest Breaking News on Financial Services

Surge in current account customers switching banks

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

Wales Online

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

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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

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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

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'

Wales Online

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

The suspect has been arrested on suspicion of attempted murder

Manchester Evening News

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.

Radio France Internationale

Gov’t mismanagement, external pressures as Arab currencies crash

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

Al Jazeera

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…

Asharq Al-Awsat

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.

Reuters

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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

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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…

The Independent UK

Who is Richard Sharp? BBC chairman who ‘helped Boris Johnson secure £800,000 loan’

Former banker worked for more than 30 years in the financial sector, including a 23-year stint at investment giant Goldman Sachs

Daily Mirror

Greedy bosses pocketed Covid cash as up to £27bn of taxpayer loans lost

A company in Keighley received a £40,000 Bounce Back loan from the Government and later the same day transferred all but £500 into the director's personal account

Chronicle Live

Concern over second bank closure announcement in Whitley Bay in three months

Whitley Bay Labour councillor John O'Shea is concerned the closure will disproportionately affect the eldery and people who need face-to-face service

The Guardian - UK

Celebrities call on UK banks to stop financing new oil, gas and coalfields

Stephen Fry, Emma Thompson and Mark Rylance add their voices to Richard Curtis’s Make My Money Matter campaign

Reuters

Japan PM Kishida to pick new BOJ chief while monitoring economy

Prime Minister Fumio Kishida will make a decision on the next Bank of Japan (BOJ) governor while watching future economic trends, he said on Wednesday.

The Independent UK

China uses US debt battle to deflect pressure on Africa debt

The Chinese government says the U.S. should stop pressuring it on debt relief for Zambia and get its own financial house in order to avert a default and the possible fallout on the global economy

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