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The Latest Breaking News on Financial Services

Jamaica under scrutiny for fraud scandal that hit Usain Bolt

An investigation into a private investment firm in Jamaica where $12.7 million belonging to sprinter Usain Bolt has gone missing has sparked criticism over how the government has handled the case

The Independent UK

European prosecutors hear Lebanese bankers in central bank commission probe

Lebanese bankers told European prosecutors they believed that commissions now at the centre of a graft probe had been paid to the central bank, four sources said, while investigators suspect the cash illegally ended up with the governor's brother.

Reuters

Lebanon Central Bank Sets New Rate for Withdrawals from Dollar Deposits

Lebanon's central bank said on Thursday it had set a new rate of 15,000 Lebanese pounds to the US dollar for withdrawals from bank deposits denominated in dollars, but which can now can be accessed largely in the local currency. The rate was previously set at 8,000 pounds under central…

Asharq Al-Awsat

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read the most diverse news in one place.

KPC and Ulster Bank issue final warning as closures loom

Both banks have announced their phased withdrawal from Ireland and began limiting operations in 2022

Dublin Live

‘It will affect all of us’: how bank closures have hit one UK town

In a week when several big banks announced they were axing branches, we talk to locals concerned over effect on elderly and vulnerable people

The Guardian - UK

All the Halifax and Lloyds branches set to close - including two in Greater Manchester

18 Halifax sites and 22 Lloyds branches will close over the coming months

Manchester Evening News

HSBC bank cashier who died after being exposed to asbestos at work 'wasted away' in front of family

Her daughter recalled how she'd come home some evenings "completely covered in dust"

Wales Online

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Martin Lewis says debit cards are now 'danger cards' in new warning

Martin Lewis issued a warning to anyone who has a debit card

Liverpool Echo

HSBC warning over 'incorrect' fees, charges and rates

HSBC's failure to report accurate information risked leading customers to make the wrong decisions

Liverpool Echo

Pick up this week's Courier for your chance to win a gift card to spend at The Centre Livingston

You could spend your gift card at one of the many shops and restaurants at The Centre Livingston

Daily Record

Halifax and Lloyds to close 40 banks including two in North East - see full list here

Lloyds Banking Group, which owns both high street banks, said the branches to be closed have seen the number of visits drop by about 60% in the last five years

Chronicle Live

Lloyds and Halifax to close 40 bank branches in England and Wales

Full list of site closures, which will start in April and carry on through into June this year

The Guardian - UK

Lloyds Pharmacy confirms it will close all sites in Sainsbury's

The chief executive officer of the chain said the decision has "not been an easy one".

Liverpool Echo

Halifax and Lloyds to close 40 banks this year - see full list of affected branches

The list includes a site in Aintree

Liverpool Echo

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Caixin Global

Ex-China Life Chairman Charged for Bribery, Concealing Overseas Deposits

Wang Bin’s alleged misconduct stretches back to his time at state-owned lenders the Agricultural Development Bank of China and Bank of Communications

Daily Mirror

Lloyds and Halifax to shut 40 more banks this year - see full list of branches

Lloyds Banking Group, which owns both banks, will shut 22 Lloyds branches and 18 Halifax sites - see the full list of affected towns and cities below

Daily Record

Aberfeldy to lose its last remaining bank premises

Businesses and private customers will no longer have an opportunity to visit the TSB branch in Aberfeldy as the bank is closing its doors in May.

Asharq Al-Awsat

Fitch: Egyptian Banks’ Capital Ratios Can Withstand Further EGP Depreciation

Fitch Ratings lauded the agreement between the Egyptian government and the International Monetary Fund (IMF) in which Egypt secures a $3 billion loan over 46 months. Fitch Ratings added also said that Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported by healthy internal…

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Birmingham Post

Full list of 40 more Halifax and Lloyds bank branches to close

The closures will not lead to any job losses

Wales Online

Full list of Halifax and Lloyds bank branches closing - and when they will shut

Lloyds Banking Group, which owns both high street banks, is to close 18 Halifax sites and 22 Lloyds branches

Insider UK

Tesco Bank gives staff £1,250 cost-of-living pay rise

The move followed discussions with two major trade unions

Reuters

Sri Lanka expects financing assurances from China for IMF deal within days

Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.

Los Angeles Times

Editorial: Rep. George Santos is another embarrassment for the GOP. How much is enough?

Rep. George Santos, R-N.Y., quickly became a global punchline when his multiple, contradictory misrepresentations of his background were revealed after he was elected in November. But there’s nothing funny about Speaker Kevin McCarthy’s refusal to call on Santos to resign, as a few other Republicans have.

Insider UK

Scotland's financial sector has a key role to play in meeting net zero goals

Industry specialist argues that, even during a recession, it pays to not lose focus on tackling the climate crisis

Dynamite News

Bombay HC Grants Bail To Videocon Chairman In ICICI Loan Fraud Case

Videocon Group Chairman Venugopal Dhoot was granted bail by the Bombay High Court on Friday in the alleged loan fraud case related to ICICI Bank. Read on for details:

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