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The Latest Breaking News on Financial Services

Central Bank Plans New Lending Tool to Support Embattled Developers

Addition of $28 billion at zero cost is intended to encourage 18 big banks to issue credit to builders with stalled residential projects

Caixin Global

Banpu subsidiary BKV keen on US listing

Non-oil energy conglomerate Banpu Plc is preparing to list its subsidiary BKV Corporation on the New York Stock Exchange to grow its businesses in the US and support efforts to cut carbon dioxide emissions.

Bangkok Post

Lanarkshire banking hub recognised for success at awards ceremony

Cambuslang BankHub opened last year

Daily Record

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Auditors in Iraq uncover staggering $2.5 billion tax fraud

Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards

The Independent UK

Prosecution rests in Trump Organization’s tax fraud case

Prosecutors in the Trump Organization’s criminal tax fraud trial have rested their case

The Independent UK

Four arrested by UPSTF for cloning ATM cards in Lucknow

LUCKNOW: A team of STF nabbed four members of a gang involved in cloning the ATM cards of innocent people and withdrawing money from Eldeco Trisection in Malhaur under Chinhat police station area on Monday.

The Times of India

Lebanon Central Bank to Use Forex Rate of 15,000 Pounds per Dollar as of Feb. 1

Lebanon's central bank will adopt an exchange rate of 15,000 Lebanese pounds per US dollar as of Feb. 1 as part of a process to unify the country's multiple exchange-rate system, Lebanese central bank governor Riad Salameh said on Monday. The central bank's official rate is currently set at 1,500…

Asharq Al-Awsat

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Man robs bank with a demand note written on the back of his own birth certificate

Michael Conley Loyd, 30, from Missouri, stormed into a Bank of America branch in Springfield in July, 2021, stole $754 and quickly escaped in a stolen black pickup truck

Daily Mirror

Ivanka Trump tried to escape judge’s order to monitor Trump family finances, report says

Ex-president’s daughter no longer holds a position with her family’s company

The Independent UK

Bank changes urged to stop financial abuse

A new report has called on banks to introduce better protections on joint accounts to stop financial abuse against women.

AAP

1 Tech Stock to Buy This Week for Under $50

Tech stock Cisco Systems (CSCO) is trading below $50. The company recently reported its fiscal first quarter results, beating consensus revenue and earnings estimates despite macroeconomic and supply chain issues. The company also upped its guidance for fiscal 2023. Thus, it could be wise to buy the stock now. Read…

StockNews.com

What the FTX downfall can teach us about crypto regulation

City comment: Far from quashing innovation, crypto regulation will set essential ground rules and protections for market participants

Evening Standard

New restaurant bid for Glasgow bank building left vacant for two years

Plans for a restaurant with a takeaways and then an amusement arcade have both failed to materialise but a new applicant hopes to secure permission to develop the building.

Glasgow Live

Canada’s Manulife Approved to Take Full Control of Its China Mutual Fund Venture

The insurance giant will follow in the footsteps of BlackRock, Fidelity, and Neuberger Berman in running a wholly foreign-owned mutual fund business

Caixin Global

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Chronicle Live

Virgin Money agrees 10% pay rise for staff on top of £1,000 cost-of-living payment

The bank has also revealed rising revenues as interest rates are increased

The Times of India

Rupee falls 7 paise to close at 81.81 against US dollar

MUMBAI: The rupee depreciated 7 paise to close at 81.81 (provisional) against the US dollar on Monday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities.

Daily Record

Lanarkshire students to benefit from ScotRail half price festive offer

College and university students will be able to take advantage of half price travel on any off-peak ticket

Insider UK

Virgin Money reveals 10% pay rise for staff

Pre-tax profits were up to £595m during the year to the end of September

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Evening Standard

FTSE 100 Live: Stocks weaken on China’s Covid surge, Compass posts results

Public sector borrowing in October stood at £13.5 billion, a much smaller figure than the City had expected.

The Guardian - AU

Australia needs a super profits tax – on banks

It’s not just energy companies that should be forced to pay back windfall gains to taxpayers

The Conversation

It's time to add climate change and net-zero emissions to the RBA's top 3 economic goals

Increasingly, climate change is at the centre of government decision-making.

Liverpool Echo

Son's laptop held damning evidence of dad's bizarre crimes

Paul Cooke enlisted his 17-year-old son to try and scam several big companies

The Independent UK

Brazilian economist will lead regional development bank

Latin American governments have selected Brazilian economist Ilan Goldfajn to lead the region’s largest development bank

The Independent UK

Robert F Kennedy’s daughter Kerry explains why Harry and Meghan will receive prestigious human rights award

The couple will receive the Ripple of Hope award in December

The Guardian - US

The savior CEO and the empty promise of ‘stakeholder capitalism’

Companies may claim to serve employees, communities and the planet – but two books show profit still comes first

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