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The Latest Breaking News on Financial Services

Morrisons slashes prices of over 1,000 items – see what's now on offer

Fruit, veg, sirloin steaks and sandwich fillers are all included in the offer

Nottingham Post

FCA alleges price fixing between Glaswegian money transfer firms

The financial regulator has issued a statement of objection to the three companies

Insider UK

Saudi Arabia Seeks to Accelerate Development of Digital Currency

As the Saudi Central Bank (SAMA) said on Monday that it was carrying out experiments with a central bank digital currency and exploring the potential benefits and risks of its use, economists told Asharq Al-Awsat that the local market was ready and enjoyed the ability to deal with the project…

Asharq Al-Awsat

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Who is Richard Sharp? BBC chairman who ‘helped Boris Johnson secure £800,000 loan’

Former banker worked for more than 30 years in the financial sector, including a 23-year stint at investment giant Goldman Sachs

The Independent UK

Greedy bosses pocketed Covid cash as up to £27bn of taxpayer loans lost

A company in Keighley received a £40,000 Bounce Back loan from the Government and later the same day transferred all but £500 into the director's personal account

Daily Mirror

Concern over second bank closure announcement in Whitley Bay in three months

Whitley Bay Labour councillor John O'Shea is concerned the closure will disproportionately affect the eldery and people who need face-to-face service

Chronicle Live

Celebrities call on UK banks to stop financing new oil, gas and coalfields

Stephen Fry, Emma Thompson and Mark Rylance add their voices to Richard Curtis’s Make My Money Matter campaign

The Guardian - UK

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Japan PM Kishida to pick new BOJ chief while monitoring economy

Prime Minister Fumio Kishida will make a decision on the next Bank of Japan (BOJ) governor while watching future economic trends, he said on Wednesday.

Reuters

China uses US debt battle to deflect pressure on Africa debt

The Chinese government says the U.S. should stop pressuring it on debt relief for Zambia and get its own financial house in order to avert a default and the possible fallout on the global economy

The Independent UK

Lloyds Bank issues urgent warning over scam which could cost you £700

The banking group says there has been a surge in "advanced fee" scams in the last 12 months

Liverpool Echo

Woman's fear as husband waits for judgment

The wife of a man who has pleaded guilty to money laundering offences has told a court she fears losing her husband and being left to raise their child alone.

AAP

GSB still backing low-income borrowers

Government Savings Bank (GSB) plans to continue to help low-income borrowers access loans this year on a fair borrowing cost basis through its newly launched mortgage subsidiary and its existing digital lending application, says president Vitai Ratanakorn.

Bangkok Post

Some firms need to step up preparations for new consumer duty – City regulator

New rules come into force on July 31 2023 which will set higher standards of consumer protection across financial services.

The Independent UK

Man in hospital after being stabbed in the neck at Salford shopping precinct

The victim was hurt during an attack outside a bank in Salford Precinct on Tuesday night

Manchester Evening News

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Nottingham Post

Announcement of Capital One redundancies relates to US side of business only

A total of 1,100 jobs were cut from the corporations technology segment last week.

Birmingham Post

Steep rise in number of North East companies facing 'critical financial distress'

Research from restructuring and turnaround specialist Begbies Traynor indicates the end of 2022 saw more firms fall in to the category

Dublin Live

Ulster Bank: Key dates for customers ahead of closure

The phased withdrawal of Ulster Bank from Ireland will end in the coming months as deadlines are confirmed for branch closures

Birmingham Post

Senior hires join Hull law firm to bolster leadership team after year of strong growth

Williamsons has welcomed prominent business figures as directors with more appointments to follow

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news in one place.

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Daily Mirror

Santander and Barclays slash mortgage rates as experts predict ‘price war’

Santander and Barclays are the latest mortgage lenders to have brought down their fixed rate deals, despite a looming base rate rise, as brokers expect a “price war”

Daily Record

Earn free £200 from Santander by switching your bank account in new limited-time offer

The free cash incentive is available to new and existing customers who switch their banking services to Santander.

Reuters

IMF's Georgieva sees broad deal with China on debt restructurings

The International Monetary Fund has reached an understanding in principle with China about a debt restructuring strategy that could help resolve Zambia's debt crisis, its chief said on Tuesday in Lusaka.

Chronicle Live

Warning over 'advance fee' scam that could leave you hundreds of pounds out of pocket

Fraudsters will often target people on low incomes or with a poor credit history, Lloyds Bank has warned - here's how the scam works

Daily Record

Bank issues urgent scam payment warning after new surge in people being asked for money upfront

The number of ‘advance fee’ frauds reported to Lloyds Banking Group has jumped by 82% in the last 12 months.

Belfast Live

Martin Lewis issues urgent warning to debit card users and advice on overdrafts

Money saving expert Martin Lewis discussed debt during his ITV Money Show Live

Asharq Al-Awsat

IMF Selects a Saudi as Chairman for Ad Hoc Audit Selection Committee

The members of the Executive Board of the International Monetary Fund (IMF) have unanimously selected the Executive Director of Saudi Arabia at the IMF, Abdullah bin Zarah, as chairman of the Ad Hoc Audit Selection Committee (ASC) and as a member of the Evaluation Committee (EVC) of the Executive Board…

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