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The Latest Breaking News on Financial Services

HSBC announces Arnold branch will close next year - as it shuts 114 banks across the country

A list of all the closures has been confirmed

Nottingham Post

Santander, HSBC, Nationwide, Lloyds Bank and TSB warning to bank account holders

Some banks may be leaving customers vulnerable to fraudulent spoofing scams, according to a report

Liverpool Echo

HSBC to close 114 banks next year - full list of affected branches

HSBC to axe 114 branches from April in move to mobile banking

Liverpool Echo

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HSBC to axe 114 branches from April in move to mobile banking

The bank said it is investing tens of millions of pounds in updating its remaining branch network, which will total 327 after the closures

Evening Standard

Full list of the 114 HSBC banks set to close from April 2023

HSBC added that around 100 staff could leave the bank as a result of plans

Birmingham Post

HSBC to close 114 branches across UK as use drops ‘significantly’ after pandemic

Bank slashes around a quarter of branches in country

The Independent UK

HSBC to close 114 branches across the UK - full list

Closures will start in April

Wales Online

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HSBC to close 114 banks next year - see full list of affected branches

High street bank HSBC says it is closing 114 of its branches next year as Brits favour online banking over going into a physical outlet, and has announced where all the closures will happen

Daily Mirror

Nottingham Castle Trust liquidators share message over refunds after collapse

The landmark attraction closed after a £30m revamp

Nottingham Post

California hospitals had to put charity care rules on their websites months ago. Some didn't do it

LOS ANGELES — To help patients who are financially strapped, California lawmakers decided to stiffen state requirements for hospitals to offer free or discounted care.

Los Angeles Times

Some banks 'are leaving customers vulnerable to spoofing scams' - is yours one of them?

Fraudsters use number spoofing to make calls appear to be from genuine companies

Wales Online

UK plans to relax ringfencing rules on banks to spark Brexit ‘big bang’

Largest banks would still be ringfenced, while smaller lenders might not need to follow rules

The Guardian - UK

Bank of Thailand raises key interest rate

The Bank of Thailand (BoT) raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds.

Bangkok Post

Revived nightclub plans in limbo until owner has 'decency' to appear before councillors

New proposals for the old Royal Bank of Scotland, in Middleton, went before Rochdale council's planning committee.

Manchester Evening News

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Insider UK

Scottish business confidence at highest rate since July

Survey conducted earlier this month shows Scottish companies having the highest confidence of all UK nations and regions

Financial Times

‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls

Sam Bankman-Fried’s crypto group showered employees with perks before collapsing into bankruptcy

AAP

Big five banks scope out climate losses

Australia's big five banks should cope with lending losses caused by climate change but will be more vulnerable to economic downturns, a new analysis shows.

AAP

Banks stronger now than in GFC: RBA

A senior RBA official says the financial system would have been in strife during the COVID-19 pandemic if it were still as fragile as in 2007.

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news in one place.

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The Independent UK

Business confidence at highest rate since July, report shows

The Bank of Scotland business barometer showed about one in three firms reported higher confidence in their prospects.

Axios

Exclusive: Sam Bankman-Fried says he's down to $100,000

The former CEO tells Axios about what helped lead to FTX's collapse.

Bangkok Post

Applications for hotel asset warehousing scheme decrease

The total number of hoteliers affected by the Covid-19 pandemic applying for the central bank's asset warehousing scheme has declined thanks to the rebound in the tourism sector, according to an executive at the Bank of Thailand (BoT).

StockNews.com

The 2 Best Stocks to Buy Right Now and the 2 Worst

Consumer confidence dropped month-over-month in November. However, it remains well above the mark, indicating a healthy economy. We think investors’ quality stocks, UnitedHealth Group (UNH) and Bristol-Myers Squibb (BMY), which have solid dividend-paying records, could help navigate the uncertainties. However, fundamentally weak Peloton Interactive (PTON) and Mullen Automotive (MULN) might…

Daily Mirror

Royal Mail offers managers 'obscene' bonuses up to £30k each to enforce brutal job cuts

Documents seen by the Daily Mirror reveal how the privatised postal giant is preparing to dish out perks to managers who are being tasked with overseeing large-scale redundancies and shift changes

StockNews.com

3 Stocks You Should Put More Money Into Before the End of the Year

The Fed will likely slow down its aggressive monetary policy as inflation shows signs of cooling down. Moreover, analysts at Goldman Sachs believe that there is a possibility of a ‘soft landing’ next year. Therefore, investors should consider increasing their investments in fundamentally sound stocks, AT&T (T), Acuity Brands (AYI),…

StockNews.com

1 Small-Cap Stock to Add to Your Portfolio This Week and 1 to Sell

With inflation showing signs of cooling down, the Fed will likely relax its aggressive monetary policy. Moreover, many are hopeful that the economy might witness a soft landing. While we believe investors should buy fundamentally sound small-cap stock CSW Industrials (CSWI), WeWork (WE) might be best avoided considering the market…

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