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The Latest Breaking News on Financial Services

Greater Manchester council invested up to £10m with Qatar National Bank

The authority deposited between £5m and £10m with the state lender during various periods

Manchester Evening News

Global economy must start bracing for low inflation, says Raghuram Rajan

The global economy could go back to a low inflation regime and central bankers pursuing restrictive monetary polices should keep that in mind, said Raghuram Rajan, a former governor of Reserve Bank of India (RBI).

The Times of India

Central bankers fear more volatile inflation

The global economy may be headed for a new era of volatile inflation, making it even more crucial to anchor expectations about where prices are headed, top central bank governors meeting in Bangkok warned on Friday.

Bangkok Post

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Plans to convert food bank to takeaway withdrawn after being branded a 'disgrace'

There were a flurry of objections from neighbours

Liverpool Echo

Santander, HSBC, Nationwide, Lloyds Bank and TSB customers warned over fraud protection levels

Which? tested the effectiveness of the leadings banks scamming protection after a survey found 68 per cent of victims faced spoofing calls when initially approached by fraudsters.

Edinburgh Live

Santander, HSBC, Nationwide, Lloyds Bank and TSB customers issued protection warning

Consumer group Which? tested the effectiveness of five leading banks and their consumer protection levels as fraudsters continue to use spoofing calls and emails to fool victims.

Glasgow Live

East Yorkshire to welcome one of the first UK banking hubs

Former Lloyds branch relaunching to curb impact of run of closures as customer numbers make individual outlets unviable

Birmingham Post

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Soaring prices prompt slump in Northern Ireland's consumer confidence

Danske Bank's survey underlines the impact inflationary pressures are having on the mood of householders

Birmingham Post

England’s water can be renationalised without compensation, activists say

Campaigners cite previous court rulings against shareholders, such as in the case of Northern Rock bank

The Guardian - UK

Credit Suisse looks to speed up cuts as revenue outlook worsens

ZURICH: Credit Suisse is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Friday, as client outflows and a slowdown in activity weigh on the Swiss bank's revenue outlook.

The Times of India

Pat Flanagan column: Insult to Irish taxpayer as cap on bankers' bonuses to be lifted

The mind boggles as to why the Government decided to gift bankers an early Christmas present at a time when tens of thousands of families are turning to St Vincent de Paul to help pay for food

Irish Mirror

The top 10 ways people are cutting back in the cost-of-living crisis

From using less energy to slashing Christmas shopping, Vicky Shaw finds out how people are changing their spending habits.

The Independent UK

Bank warning issued to customers including Santander, HSBC, Nationwide and more

Some customers could reportedly be left vulnerable to fraudulent spoofing attempts, according to a consumer group's investigation

Manchester Evening News

Weekly Must-Read: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough?

New round of policy measures to support beleaguered developers is imminent, as Beijing seeks to check a protracted downturn, Caixin has learned

Caixin Global

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Reuters

Explainer-India G20 presidency 2023: what does it mean and what can we expect

India began its year-long presidency of the Group of 20 (G20) this week, taking over from Indonesia at a time of geopolitical tumult and uncertainty over post-pandemic economic recovery.

Caixin Global

Shanghai Composite Index Fell 0.29% on Friday

Shenzhen Component Index closed down 0.39%

The Times of India

Donald Trump ‘knew exactly what was going on’ in fraud, prosecutor says

NEW YORK: Former president Donald Trump “knew exactly what was going on” at two of his companies accused of tax fraud, a New York prosecutor told jurors at the close of a monthlong trial.

Tribune News Service

Biden’s state dinner for Macron includes notable VIP guests

WASHINGTON — Apple Chief Executive Officer Tim Cook, Bank of America CEO Brian Moynihan, KKR and Co. co-founder Henry Kravis and film producer Jeffrey Katzenberg were among the guests Thursday at President Joe Biden’s first state dinner honoring French President Emmanuel Macron.

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news in one place.

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Tribune News Service

Trump knew of tax fraud in his business, says prosecutor at NYC trial; Trump Organization blames ‘greedy’ CFO

NEW YORK — Former President Donald Trump knew about Trump Organization executives’ tax-dodging schemes, a Manhattan prosecutor told a jury in a closing statement Thursday in the organization’s tax fraud trial.

Axios

U.S. Trustee moves for independent examiner in FTX bankruptcy

The examiner would likely produce a large and independent report from a perspective the trustee describes as a "true neutral."

AAP

Consumers now safer from dodgy lenders

A crackdown on rogue lenders will protect vulnerable consumers struggling to make ends meet, advocates say.

The Texas Tribune

Supreme Court leaves student debt relief program on hold after Texas judge blocked it

More than 16 million people had already been approved for student loan debt relief by the Education Department when a federal judge in North Texas struck down the plan last month.

Los Angeles Times

Supreme Court agrees to decide on Biden’s stalled student loan forgiveness plan

WASHINGTON — The Supreme Court on Thursday refused an emergency appeal to immediately revive President Joe Biden’s student loan forgiveness plan, but agreed to rule early next year on its legality.

StockNews.com

4 Grocery Stocks to Buy Now and Hold Forever

With inflation showing signs of slowing down and the momentum of consumer spending expected to continue beyond the holidays, fundamentally strong grocery stocks Kroger (KR), BJ’s Wholesale (BJ), Casey (CASY), and Weis Markets (WMK) could be solid investments now. Keep reading….

Chicago Sun-Times

Ex-Obama adviser Goolsbee to lead Chicago Fed

Austan Goolsbee, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans.

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