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The Latest Breaking News on Financial Services

The Queen will go, but Charles won't replace her on $5 note

The Reserve Bank has decided to update the note to feature a new design.

Newcastle Herald

Queen swapped for Indigenous design on future $5 notes

An Indigenous design will replace the portrait of Queen Elizabeth II on Australian five-dollar notes in a move that has rankled monarchists.

AAP

The Fed will be in the thick of the debt limit mess

The Fed could have a plethora of issues on their hands, including a debt limit standoff.

Axios

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Virgin Money launches first sub-4% fixed rate home buying mortgage since October

Milestone deal comes on the eve of an expected rate rise from the Bank of England

Evening Standard

China has not done enough on Sri Lanka debt restructuring - U.S. diplomat

The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior U.S. diplomat said on Wednesday.

Reuters

Premier Asset Finance founder and chief retires

Edinburgh-based firm names successor, promoting from within

Insider UK

FCA must increase staff pay or it risks failing public, Unite says

The Financial Conduct Authority is being pushed towards ‘breaking point’ because of the number of staff leaving the business, Unite said.

The Independent UK

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Bank of Dave self-made millionaire giving away money to keep his kids working hard

The self-made mogul who has loaned out millions to people following the 2008 financial crash says huge inheritances can 'spoil' children and wants his son and daughter to know the value of making their own

Daily Mirror

Lebanon Devalues Official Exchange Rate by 90%

Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. The pound has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending and mismanagement by the…

Asharq Al-Awsat

Warning as pensions lose thousands in scam where 'cruel' fraudsters pretend to be police

Fraudsters posing as cops have told the victims their bank has been issuing fake bank notes

Nottingham Post

Virgin Money reports growth but notes impact of economic problems on customers

The bank increased business lending despite the winding down of Government loan schemes linked to the pandemic

Birmingham Post

Glasgow carer stole £20,000 from frail old lady to pay her son's drug debt

Linda Dobbie took cash from elderly Anne Beck's bank account on a regular basis for more than a year before she was rumbled by bosses at the care firm where she worked.

Glasgow Live

Iraqi PM Says Banking Reforms Reveal Fraudulent Dollar Transactions

Iraq's premier said Tuesday that new banking regulations had revealed fraudulent dollar transactions made from his country, as the fresh controls coincide with a drop in the local currency's value. Iraq has in recent months been making efforts to ensure its banking system is compliant with the international electronic transfer…

Asharq Al-Awsat

KKP trims annual loan growth to 13%

Kiatnakin Phatra Financial Group, a holding company of Kiatnakin Phatra Bank (KKP), aims to slow down total loan growth for this year to handle the higher risk of rising financial costs and the global recession.

Bangkok Post

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Birmingham Post

New chair for Wales' only FTSE 100 firm Admiral

Mike Rogers is expected to take over from outgoing chair Annette Court in April

Glasgow Live

We shopped in Tesco and Morrisons for 10 essentials and were shocked by the price difference

We have been looking at just how much our food - and drink - is costing us nowadays due to the rise in the cost of living. So taking look at Tesco and Morrisons, this is what we found.

Birmingham Post

Medical equipment supplier putting £1.7m in East Mids HQ

Hospital Services Limited has supplied the NHS and private health care providers in Ireland for 60 years

Daily Mirror

Full list of bank switch offers worth up to £200 - from Santander to TSB and First Direct

Switching banks has always been seen as a "quick and easy" way of making a little extra cash as banks usually offer an incentive for newbies to sign up and several banks have introduced new offers over the last few months

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news in one place.

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Birmingham Post

Tech Nation to close down after losing £12m funding to Barclays

Among the businesses it has helped are Monzo Bank, Revolut, Bloom & Wild, Just Eat Ocado, Skyscanner and Deliveroo

Asharq Al-Awsat

Cash Is King in Lebanon as Banks Atrophy

The money exchange shop in Lebanon's Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers flocked in carrying plastic bags of the crashing local currency to buy US dollars. "Welcome to the Wall Street of Lebanon," grinned the storefront's owner, a machine…

The Independent UK

Nigeria sees cash shortage amid push for redesigned currency

Experts are warning that Nigeria's push to replace its paper money with newly designed currency notes has created a shortage of cash

Reuters

Cash-strapped Pakistan talks to IMF in bid to unlock $7 billion bailout

Cash-strapped Pakistan on Tuesday held a first round of talks with the International Monetary Fund (IMF) in a bid to unlock stalled funds from a $7 billion bailout to ward off economic meltdown.

Dynamite News

West Bengal: Fake Currency Worth Rs.10 Lakh Seized By STF, 2 Held

The West Bengal Special Task Force (STF) arrested two persons and recovered Fake Indian Currency Notes (FICN) of Rs.10 lakh. Read further on Dynamite News:

Chronicle Live

TSB bank offers customers £200 to switch account and you can boost the amount even more

People will be able to take advantage of the offer by switching to a TSB Spend & Save or Spend & Save Plus current account from Wednesday

Bangkok Post

AIA presses on with portfolio diversification

AIA, Asia's largest publicly-listed life insurance and securities group, is looking to expand its portfolio to logistics and real estate-related projects in markets such as Thailand amid economic uncertainties.

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