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The Latest Breaking News on Financial Services

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

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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

New chair for Wales' only FTSE 100 firm Admiral

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

Birmingham Post

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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.

Glasgow Live

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

Birmingham Post

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

Daily Mirror

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

Birmingham Post

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…

Asharq Al-Awsat

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

The Independent UK

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.

Reuters

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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.

Bangkok Post

MTL growth set to match overall sector

Muang Thai Life Assurance (MTL) expects to grow in line with the overall insurance industry this year, saying the cooling global economy would have a minimal impact on insurance policy renewals as consumers are more health-conscious following the Covid-19 pandemic.

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Bangkok Post

Exim Bank set to expand BCG loans

Export-Import Bank of Thailand (Exim Bank) aims to expand the proportion of loans it extends to businesses conforming to the bio, circular and green economy (BCG) model to 50% of its anticipated total outstanding loans in the next three years from the current level of 28%.

Tribune News Service

Here’s proof Dallas is now Wall Street of the South

Dallas is laying claim to a new title: Wall Street of the South.

Tribune News Service

Two elderly scam victims in Dallas demand Chase recover $55,000 in stolen funds

Scammers stole nearly $55,000 from two elderly Dallas-Fort Worth women who bank with JPMorgan Chase.

AAP

Towns putting up a fight as banks close

Regional communities are continuing to fight back against bank branch closures which could force some locals to travel hundreds of kilometres for service.

Edinburgh Live

Huge Edinburgh Matalan store to shut as company admit 'market challenges'

The Seafield Road shop is the latest loss for the city, after both TK Maxx and Marks and Spencer announced they would be closing their Meadowbank outlets last week.

The Guardian - AU

How to not get caught in the million dollars a day of scams in Australia

With little chance of getting money back if you are a victim, take these measures to protect yourself from unsolicited calls, texts and emails

Birmingham Post

High Street Group administrators warn of scammers targeting creditors

To date the joint administrators for the collapsed property firm say they have received claims from 1,648 creditors

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