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The Latest Breaking News on Financial Services

In a major blow to cash-strapped Pakistan, the World Bank has delayed the approval of two loans worth USD 1.1 billion until the next fiscal year.

The Times of India

HSBC rebuked by competition watchdog over open banking breaches

The banking giant provided incorrect data or failed to provide required information on more than 50 different occasions over the past five years.

The Independent UK

Another Central Bank Official Snared in Graft Probe

The investigation into Li Guo may be related to a broader inquiry into corruption in nonbank payment licenses, sources say

Caixin Global

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LloydsPharmacy to axe the pharmacies at 237 Sainsbury's supermarkets

"This decision has not been an easy one and we understand that our patients and customers may have questions"

Wales Online

Rightmove rival OneDome takes over Bristol mortgage broker in pre-pack administration deal

CMME Group - the holding company of CMME Mortgages and Protection - collapsed into administration in December

Birmingham Post

Lebanese pound hits all-time low as deadlock persists

The value of the Lebanese pound has hit an all-time low, now trading at 50,000 to the U.S. dollar, as the country’s deeply-divided Parliament failed to elect a president for an 11th time

The Independent UK

Thousands of mortgage borrowers could get share of £150million - can you claim?

Lawyers at the firm Harcus Parker could be taking action on behalf of customers who believed they were unfairly charged high mortgage rates following the collapse of Northern Rock

Daily Mirror

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Santander joins HSBC, Allianz Insurance and JLL at Manchester's Landmark after signing 11-year deal

The deal was secured by Barings Real Estate

Birmingham Post

India foreign minister visits Sri Lanka with stronger ties, China in focus

India's foreign minister arrives in Colombo on Thursday following his country's backing of Sri Lanka for a $2.9 billion International Monetary Fund (IMF) loan, leaving China as the island's last remaining major creditor which has yet to agree to the debt restructuring plan.

Reuters

NatWest’s biometric app security is blinking annoying

It has introduced facial recognition, but does not recognise me

The Guardian - UK

Municipal clerk nabbed for B15m embezzlement

A financial clerk of a subdistrict municipality in Nakhon Sawan has been arrested by Anti-Corruption Division (ACD) police after she was found to have siphoned over 15.8 million baht from her agency's finance office.

Bangkok Post

Thai stocks are top pick in Asean on tourism outlook: JPMorgan

A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.

Bangkok Post

JPMorgan’s top pick in Asean is Thai stocks on tourism outlook

A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.

Bangkok Post

Lloyds Bank issues urgent scam warning with customers losing £642 in fraud

A high-street banking chain has warned people to be vigilant when it comes to online shopping scams after a UK Finance Fraud Report revealed the average cost to victims

Daily Mirror

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WEKU

Bank of America says the problem with Zelle transactions is resolved

The website Downdetector reported spikes in outages involving Bank of America and payment platform Zelle starting Wednesday morning.

The Independent UK

Zelle users report outage with bank-to-bank payment system

On Wednesday, Bank of America customers complained on Twitter about missing money

Nottingham Post

Lloyds Bank warns customers could lose £642 as online scams increase

Online shopping scams increased by 20% in December last year

Nottingham Post

DWP in urgent warning over £900 cost of living payment scammers

Officials said that unscrupulous criminals were cynically targeting people to try and get their bank details.

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The Guardian - UK

Ex-Barclays boss saw Jeffrey Epstein abuse young women, US lawsuit claims

Suit filed by victim against JP Morgan alleges Jes Staley knew of trafficking of young women and witnessed sexual abuse

Reuters

India 'strongly supports' Sri Lanka debt restructuring plan, it tells IMF

India has told the International Monetary Fund that it strongly supports Sri Lanka's debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters.

Wales Online

Barclays announces closure of 15 branches across UK as customers 'embrace online banking'

Have a look to see if your local bank branch will be closing this year

The Independent UK

Outstanding credit card balances jumped by 10.1% annually in October

There were 11.3% more credit card transactions in October 2022 than in October 2021, according to figures from UK Finance.

Nottingham Post

TSB to close Nottinghamshire branch in May as 'more people use online banking'

TSB will also be closing eight other branches across the UK by May 2023

Daily Mirror

TSB to shut nine more bank branches this year - see full list of affected places

TSB currently has 220 branches in the UK - after these latest closures, which are happening throughout May 2023, that number will fall to 211

Birmingham Post

Launch date for new £130m Wales fund from the British Business Bank

Chief executive of the British Business Bank Louis Taylor said the fund would help plug the equity gap in Wales

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