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The Latest Breaking News on Financial Services

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.

Nottingham 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

Birmingham Post

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

Dublin Live

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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

Birmingham Post

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 Mirror

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.

Daily Record

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.

Reuters

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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

Chronicle Live

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.

Daily Record

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

Belfast Live

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…

Asharq Al-Awsat

Staple Hill High Street bookies approved despite gambling addiction concerns

More than 200 people objected to BoyleSports' change-of-use application for old Lloyds Bank building

Bristol Post

Lloyds issues urgent warning over 'ruthless' scams targeting customers

Reports of loan fee scams have surged over the past 12 months according to the banking group

Manchester Evening News

Fears future generations will have 'nothing left' in Beeston after closure of Lloyds bank

Lloyds Bank recently confirmed it will close its Beeston branch off Foster Avenue on May 11. The company cited a decreased number of visitors to the bank as the reason for the move.

Nottingham Post

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Liverpool Echo

Lloyds Bank issues £711 warning to all customers

The banking giant is urging people to stay safe online as fraudsters move in amid the cost of living crisis

Wales Online

Reports of scams soar as cost of living crisis deepens, experts warn

Fraudsters are now targeting victims looking for cheap loans and holidays

Daily Mirror

Major bank issues urgent warning over scam that could cost you £700

Fraudsters are creating fake ads for loans and jobs before disappearing with people's money in a surge of advance fee scam cases, with hard-up households most at risk

Chicago Sun-Times

Mary Catherine Ryan, a banker, philanthropist and Edgewater fixture, dies at 83

Mrs. Ryan, a female trailblazer in the Chicago private banking world, devoted herself to family and to philanthropic projects across the city.

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Bangkok Post

KTC records 20% net profit growth in 2022

SET-listed Krungthai Card (KTC), a non-bank business under Krungthai Bank (KTB), posted net profit growth of 20% in 2022, thanks to Thailand's economic rebound and improving tourism after the country's reopening.

Bangkok Post

Ministry to pilot utility bill data sandbox

The Finance Ministry will test in a sandbox the use of utility bill data by small and medium-sized enterprises (SMEs) to support their applications for new loans from state-owned financial institutions, said Chuenchob Kongudom, vice-minister to the Prime Minister.

Reuters

India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

Nottingham Post

Police statement after officers called to incident outside Victoria Shopping Centre

Anyone with information is asked to come forward

The Independent UK

Who is Sir Laurie Magnus, Rishi Sunak’s new ethics adviser?

Sir Laurie Magnus was appointed in December 2022 following 40 years of experience in the financial services sector

Nottingham Post

Fraudster caught after he attempted to use stolen bank card in McDonald's

The owner was aleted by his bank

Reuters

Iraqi PM walks diplomatic tightrope in crackdown on dollars smuggled to Iran

Under pressure from Washington to stem the flow of dollars into Iran, Iraq's prime minister sent elite counter-terrorism forces more accustomed to battling Islamist militants to shut down dealers smuggling the currency to the Islamic Republic.

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