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The Latest Breaking News on Financial Services

1 ETF to Buy Before the End of the Year and 1 to Sell

Fed Chair Jerome Powell has assured a slowdown in rate hikes might commence in December. Benchmark indices gained substantially over the Fed Chair's comments. Moreover, broader market gains from a Santa Claus rally are expected. Therefore, investors could consider buying the quality ETF Invesco Senior Loan (BKLN) before the end…

StockNews.com

Tracy Corrigan appointed to The Scott Trust

The Scott Trust, shareholder of Guardian Media Group, announces the appointment of former media executive and journalist Tracy Corrigan to its board.

The Guardian - UK

The “gamification” of the stock market -- why watchdogs are worried

The City regulator is worried about the “gamification” of the stock market. What does that mean?

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Santander, Nationwide, Lloyds and HSBC scam warning with all customers 'at risk'

An investigation has found that customers at several major UK banks could be vulnerable to a "particularly malicious" form of fraud

Chronicle Live

HSBC, TSB, Santander, Lloyds Bank, Nationwide and Virgin Money warning to customers

An investigation has taken place

Nottingham Post

Full list of HSBC branches closing next year - including Scottish locations

Locations in Scotland are included in the UK-wide branch closure.

Daily Record

Tesco makes big change to Clubcard coupons ahead of switching off app

The old standalone Clubcard app will be closing in 2023

Wales Online

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PIF Secures Record-Breaking $17bn Senior Unsecured Term Loan

Badeel has announced a partnership to establish the largest solar photovoltaic plant in the region, while Saudi Arabia’s Public Investment Fund (PIF) announced that it has secured a $17 billion seven-year senior unsecured term loan (63.7 billion Saudi riyals). The loan is the largest-of-its-kind general corporate-purpose loan worldwide. While the…

Asharq Al-Awsat

House prices drop at fastest rate since pandemic after mini-Budget chaos

Brokers Mortgage Advice Bureau say “extreme market conditions” sent mortgage activity down 50%

Evening Standard

Sam Bankman-Fried: Former boss of collapsed cryptocurrency scheme FTX denies fraud

Sam Bankman-Fried, the man formerly behind failed US cryptocurrency scheme FTX, has denied committing fraud.

Evening Standard

Investing in the stock market is not like playing Call of Duty

City Comment: The new breed of trading apps appeal to a dangerous delusion

Evening Standard

HSBC urged to reconsider Arnold branch closure that will have a 'detrimental impact'

"This proposed closure will disproportionately disadvantage older, disabled, financially excluded and socially isolated customers."

Nottingham Post

Financial advisors buy into the Highlands

Edinburgh firm's fifth acquisition in recent years picks off wealth management arm of Inverness law firm

Insider UK

Banker bonuses in doubt as profits sink 99% at Peel Hunt

PROFITS at Peel Hunt crashed 99.7% in the half-year, a brutal sign of how tough life has been for City brokers lately.

Evening Standard

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The Guardian - AU

NBN losses to reach $25bn by 2040, report finds

Adoption of ‘multi-technology mix’ model and decision to preference regions in rollout cited as major factors in reported losses

Asharq Al-Awsat

Board of the Investment Corporation of Dubai Announce Record Financial Results for H1 2022

The Board of the Investment Corporation of Dubai (ICD) approved ICD’s consolidated financial results for the six months ended 30th June, 2022. The Board of Directors meeting was chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Chairman of…

The Guardian - UK

British foreign policy is in flux – we need more than Sunak’s pragmatic blandness

The country is not a superpower, its strategic future lies in Europe, its reputation is in tatters. Does the PM get this?, asks Guardian columnist Martin Kettle

AAP

Upsurge in children being exploited online

Children and parents are being warned of a surging new trend in overseas criminals conning victims into online sexual exploitation and then blackmailing them.

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news in one place.

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The Independent UK

Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds

The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly” misuse customers' funds

Bangkok Post

Bankman-Fried apologises, says didn't 'try to commit fraud'

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

Tribune News Service

Fed will work to reduce inflation 'until the job is done': Board governor

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

ABC News

Australian Federal Police Operation Huntsman shuts down organised crime syndicates exploiting children

Hundreds of Australian bank accounts linked to offshore organised criminals who are sexually extorting Australian teenagers are shut down as part of an AFP operation.

Evening Standard

London bus strike called off as drivers consider last-minute pay offer

A three day strike of more than 2,000 London bus drivers has been called off after a last-minute pay offer.

Reuters

U.S. seeks $5.4 million from Russian businessman Malofeyev's account

Prosecutors on Wednesday moved to confiscate $5.4 million from a U.S. bank account belonging to Russian businessman Konstantin Malofeyev, who Washington has accused of financing separatists in eastern Ukraine and Crimea and imposed sanctions on him.

The National (Scotland)

HSBC announces Dundee branch among more than 100 bank closures across the UK

HSBC has said that around 100 staff could leave the bank as a result of plans to axe 114 UK branches from April next year.

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Mohammed bin Rashid Al Maktoum

Hamdan bin Mohammed bin Rashid Al Maktoum

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