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The Latest Breaking News on Financial Services

Interest rate rises could be higher than expected next month, warns Andrew Bailey

Bank of England Governor says ‘inflationary pressures’ could prompt stronger response than bank had previously thought

Evening Standard

Bank of England warns next interest rate hike could be higher than expected

‘Stronger response’ needed to tackle inflation, says Andrew Bailey

The Independent UK

Why are security questions so dumb?

Do corporations really believe that my mother's maiden will be enough to protect my private information?

Salon

From analysis to the latest developments in health,
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Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says finance minister

Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance minister Mthuli Ncube said at an IMF press conference on Saturday.

Reuters

Brazil seeks international support for IDB presidency, says Guedes

Brazilian Economy Minister Paulo Guedes said the government is seeking international support for the country's nominee to head the Inter-American Development Bank (IDB), expected to be presented in the coming days, but whose name he did not reveal.

Reuters

Banker pay unchained: A bonus for the British economy?

City comment: Jeremy Hunt now has the chance to re-examine the disastrous mini-Budget. He should think twice before scrapping the banker bonus cap.

Evening Standard

A 'shame' as NatWest bank announces closure in Beeston

It will close permanently at the start of next year

Nottingham Post

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BoT to hold hearings on virtual bank licences

The Bank of Thailand plans to hold a public hearing about virtual bank licensing early next year, in a move to expand access to financial services for underbanked and unbanked consumers.

Bangkok Post

French development minister backs World Bank reforms, calls for U.S. SDR loans

France's development minister is backing U.S. Treasury Secretary Janet Yellen's call for the World Bank and similar institutions to vastly expand their lending, but said the United States needs to join France and other countries in channeling its IMF monetary reserves to poorer countries.

Reuters

Fixed or variable? A look at how home loan rate options across Australia stack up

After crunching the numbers, it’s clear that mortgage holders shouldn’t just do nothing, says RateCity’s head of research

The Guardian - AU

Big Bank Roundup: These Stocks Kick Off Earnings Season With A Mixed Bag Of Results

Big U.S. bank stocks kicked off third-quarter earnings season on Friday with a mixed bag of numbers on a difficult day for the market.

Benzinga

Regulators approve U.S. Bank's $8B purchase of Union Bank

Key financial regulators having approved U.S. Bank’s $8 billion acquisition of Japanese financial titan MUFG’s Union Bank franchise

The Independent UK

Bank CEOs increasingly turning pessimistic on economy

The outlook of the U.S. economy from Wall Street’s biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient

The Independent UK

Ukraine's Marchenko to chair IMF, World Bank governing boards in 2023

The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both institutions in 2023.

Reuters

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The National (Scotland)

Pound falls further and bonds under pressure despite Government tax U-turn

THE value of the pound has dropped further despite Liz Truss's U-turn on large parts of former chancellor Kwasi Kwarteng's mini-budget.

Daily Record

Closed bank customers with money still in accounts asked to contact North Lanarkshire Council for withdrawals

All operations at North Lanarkshire Municipal Bank have now ceased

Dublin Live

AIB to increase rates on fixed mortgages as homeowners could fork out extra €300

The bank confirmed the price increases won’t affect current customers, only new customers and those switching

Irish Mirror

€300 hit to new homeowners as AIB announces fixed-rate mortgage price hikes

The bank confirmed the price increases won’t affect current customers - only new customers and those switching

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news in one place.

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The Conversation

How financial technology can discriminate against people speaking minority dialects – new evidence from China

In the UK, studies have repeatedly found evidence of accentism. Prejudice based on someone’s way of speaking can affect people in the classroom, the office and beyond.

The Guardian - UK

UK joins calls for World Bank reform to focus funding on climate crisis

Alok Sharma’s intervention puts pressure on Trump-appointed Bank chief who faces calls to resign

Evening Standard

JP Morgan Chase cuts ties with Kanye West and his Yeezy brand

In a letter shared on social media, the US banking giant gave the controversial star 60 days to transfer his business elsewhere

The Independent UK

Liz Truss news – live: Starmer says PM clinging to power after Kwarteng sacking ‘chaos’

Prime minister’s plan for Britain abandoned as Hunt takes Treasury as his own

The New Daily

‘Appalling’: Australians pushed to the brink by payday loan sharks as crackdown looms

A Senate committee has heard the harrowing stories of Australians thrown into financial hardship by pay-day loans.

Benzinga

Elizabeth Warren Demands Answers From Wells Fargo On 'Alarming Pattern' Of Zelle Fraud

Sen. Elizabeth Warren (D-Mass.) says she wants answers from Wells Fargo & Co (NYSE: WFC) on the Zelle fraud.

Wales Online

Romance scam signs to watch for amid 'new wave'

According to research, people aged 51 to 60 are most at risk

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