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The Latest Breaking News on Financial Services

Alex Murdaugh was $4.2 million in debt, overdrawn at bank, CEO testifies at murder trial

WALTERBORO, S.C. — Jurors in Alex Murdaugh’s murder trial got a late start Friday, as Judge Clifton Newman considered whether testimony about Murdaugh’s alleged financial crimes should be heard by the jury.

Tribune News Service

China must join Ghana debt restructuring effort soon, Germany's Lindner says

Germany's finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the embattled West African nation to form a creditor committee quickly to help it restructure its debt.

Reuters

Iraqis Protest in Baghdad as Currency Crisis Continues

Iraqi protesters rallied Friday in Baghdad, demanding the government take action to stop the economic crisis and the slide of the national currency after the Iraqi dinar plunged further. Measures taken by the United States in recent months to stamp out money laundering and the channeling of dollars to Iran…

Asharq Al-Awsat

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Iraqis protest in Baghdad as currency crisis continues

Iraq's currency has continued its slide and protesters are asking the government to take action to stop the crisis

The Independent UK

‘Beyond imagination’: Pakistan PM warns of IMF bailout conditions

An IMF delegation is in Pakistan for last ditch talks to revive financial aid, which has stalled for months.

Al Jazeera

2 Sorry Stocks to Sell in February

Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…

StockNews.com

World’s biggest investment fund warns directors to tackle climate crisis or face sack

Norway’s sovereign wealth fund threatens to vote against boards on firms it holds investments with over lax climate and social targets

The Guardian - UK

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Brits struggling with debt could save thousands in 'unfair' fees thanks to new rules

Consumers who enter a debt solution which is not right for them can face dire consequences and could force them to stay in debt for much longer

Daily Mirror

Pakistan 'to agree' to tough IMF conditions as crisis worsens

Peshawar (Pakistan) (AFP) - Pakistan Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are "beyond imagination", as it battles a spiralling economic crisis.

AFP

Danske Bank UK profits jump by two thirds on transaction and interest rates boost

It made £103.3 million for the full year 2022 compared to £61.3 million in the previous year.

Birmingham Post

Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

AAP

Pakistan 'will have to agree' to IMF conditions for bailout: PM

Peshawar (Pakistan) (AFP) - Pakistan's Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are "beyond imagination".

AFP

IMF giving Pakistan tough time in 'unimaginable' economic crisis - PM

Pakistan Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a "tough time" over unlocking stalled funding from a $6.5 billion bailout at a time of "unimaginable" economic crisis.

Reuters

Taxpayer-funded review that found 'flaws' in Robodebt scheme was discontinued by Department of Human Services, royal commission told

In a deal worth almost $1 million, the Department of Human Services engaged a consultancy firm PricewaterhouseCoopers to review the budget savings program, but then declined to see the end result.

ABC News

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The Guardian - AU

Britain ‘relaxed’ about Australia omitting King Charles from new $5 banknote, high commissioner says

‘It is for Australia to decide what it wants on its coins, and on its notes,’ Vicki Treadell says

Bangkok Post

Krungsri aims to grow regional base

Bank of Ayudhya (Krungsri) continues to expand its financial business in Asean and targets its regional customer base exceeding 500,000 this year.

Daily Mirror

Activists gather to support 'Barclays 7' women who broke windows at bank’s headquarters

Climate activists want to draw attention to Barclays’ role as the UK and Europe’s largest fossil fuel investor – and their tactics were inspired by the suffragettes’ window smashing protests of 1911 and 1912

The Guardian - UK

Pursuing economic growth will kill us all in the end

Letters: I risked prison to stand up against an system that will lead to ecological and societal collapse – we must look for alternative economic models, writes Zoe Cohen

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Evening Standard

Man who drunkenly killed banking boss in the West End cleared of murder but faces jail

Steven Allan, 34, punched Paul Mason three times in the mistaken belief he had stolen a mobile phone

The Independent UK

Drunk electrician killed bank CEO in phone row outside The Ivy

A man who drunkenly attacked and killed a wealthy banker after he left The Ivy Club in London’s West End is facing jail.

AFP

Swiss prosecutors open probe into 'Suisse Secrets' leaker

Geneva (AFP) - Swiss prosecutors said Thursday they had opened an investigation into a massive leak last year of Credit Suisse account records, which a media probe alleged proved the bank held billions in dirty money.

Liverpool Echo

Two men seen 'jumping out' of burning car in Old Swan

The car caught fire close to traffic lights

Wales Online

One of Wales' best known shopping centres, Cardiff's Queen's Arcade, is in receivership

The Queens Arcade in the centre of Cardiff has been hit by falling rental income and footfall

AFP

Nigeria eases currency swap to try and curb queues

Abuja (AFP) - Nigeria's central bank on Thursday ordered financial institutions to distribute newly designed bills over the counter in a bid to reduce massive queues at cash dispensers.

The Guardian - UK

UK borrowers may struggle to repay debt as economy worsens, says Santander

Bank puts aside more money to protect itself from potential defaults in expected recession

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