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The Latest Breaking News on Financial Services

Met Police to text fraud victims: What to do if you’re contacted and how to know if it’s legitimate

At one stage, almost 20 people every minute were being contacted by scammers hiding behind false identities using spoofing website iSpoof.cc.

Evening Standard

Urgent police text warning as people urged not to ignore message

The Metropolitan Police are sending out around 70,000 texts to people across the country in the coming days, with those in Scotland now being reassured that the texts are not fraudulent.

Glasgow Live

3 Strong Buy Stocks to Continue to Hold Onto in 2023

As the Fed’s aggressive monetary policy resulted in slightly cooled inflation last month, investors are hopeful of smaller rate hikes ahead. However, since a recession is expected to hit the economy next year, we think fundamentally sound stocks Pfizer (PFE), Flowers Foods (FLO), and Xperi (XPER), which are rated Strong…

StockNews.com

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Why you shouldn't ignore this text message from police over the next 48 hours

People are being urged not to ignore the texts, as it will help the police to track down any scammers.

Daily Record

China banks pledge $162 billion in credit to developers, shares rally

China's biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease a stifling cash crunch in the sector and triggering a rally in property shares.

Reuters

Issuers of municipal debt securities can issue green bonds: Sebi

NEW DELHI: Capital markets regulator Sebi on Thursday said issuers of municipal debt securities can issue green bonds in compliance with rules governing issue and listing of non-convertible securities.

The Times of India

Lagged data, frequent reviews make monetary policy's task challenging: RBI deputy governor Michael Patra

MUMBAI: Reserve Bank deputy governor Michael Patra on Thursday said formulating monetary policy is a challenging task in a volatile environment like the current one, given lagged data inputs, which are also frequently reviewed.

The Times of India

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Tyne Bank Brewery collapsed with liabilities of £350k as crowd investors set to lose out

The brewery - which has now been rescued from closure - ran into difficulties when trade did not recover to pre-Covid levels

Birmingham Post

Manager of Lebowski's embezzled £19,000 from popular Glasgow pub

James Killen, 36, stole the cash from Lebowski's in Glasgow's Finnieston between October 22 and 30, 2018. Killen was employed as the general manager at the time.

Glasgow Live

Lebowski's manager embezzled £19,000 from popular Glasgow bar

James Killen, 36, was caught after an audit revealed thousands was missing from the coffers.

Daily Record

Interest rate cut possible if economy demands, says Bank policymaker

Deputy governor Dave Ramsden makes comments as CBI snapshot predicts tough winter for UK factories

The Guardian - UK

Rupee firms as signs of Fed slowdown boosts risk appetite

MUMBAI: The Indian rupee edged higher as the dollar index tumbled on positive risk sentiment after minutes of the US Federal Reserve's November meeting reaffirmed the likelihood of smaller-sized rate hikes.

The Times of India

Warning signs you may be have been scammed in biggest ever UK phone fraud scandal

The Met Police say the biggest fraud in the UK saw thousands of victims contacted by criminals posing as their bank or other officials, with millions of pounds stolen

Daily Mirror

Sensex, Nifty hit record high: Top reasons for market surge

NEW DELHI: Equity indices surged to fresh all-time highs on Thursday tracking a firm trend in global markets.

The Times of India

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The Independent UK

Bank’s deputy governor ‘conscious of great hardship’ faced by millions

Dave Ramsden said that his ‘bias’ is toward further interest rate rises, but he would consider the case for cutting rates.

Daily Mirror

Why you shouldn't ignore this text message over the next 48 hours as police issue warning

Households up and down the country are being urged not to ignore texts from the Metropolitan Police - even if you don't live in London - as it could help them crack down on scammers

Asharq Al-Awsat

Lebanon: Tenfold Increase in Customs Duties

The Ministry of Finance announced on Wednesday that the government will start collecting customs duties with a tenfold increase, starting the first of December. The announcement came a day after the Governor of the Banque du Liban said that the official exchange rate of the dollar would be raised to…

Insider UK

The Arc at Hillington Park sold for £2.4 million

Danobe Securities buys the office building from asset manager HKIP

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Liverpool Echo

'Cramped' and 'inferior' plans to convert bank to HMO keep getting refused

There have been nine applications submitted so far this year to convert the former bank into bedsits

Irish Mirror

Major Garda fraud sting into 'spoof' phone calls results in six arrests

Police across the globe were investigating scam calls that had resulted in victims handing over million of euro

Reuters

UK university staff, Scottish teachers, postal workers begin walkouts

Postal workers, teachers and university staff across Britain went on strike on Thursday to demand better pay, with warnings that there will be more industrial action and widespread disruption in the run-up to Christmas.

Reuters

Slovak police renew bribery charge against central bank governor Kazimir - lawyer

Slovak police have resurrected a bribery charge against Slovak central bank Governor and European Central Bank policymaker Peter Kazimir, his lawyer said on Thursday, while Kazimir called the allegation a lie.

The Guardian - AU

Reserve Bank review to consider changing inflation target and board selection

With the RBA challenged by the pandemic, surging inflation and calls for reform, one expert says its recent report card has been ‘mixed’

Birmingham Post

PwC adds new capital markets team to Birmingham base

Having previously been solely a London-based team, the move marks the first time the firm's service has been delivered by staff based outside of the capital

Al Jazeera

Nigeria launches new banknotes to help curb corruption

Regulators have said January 31 is the deadline for old notes to either be used or deposited at banks.

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