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The Latest Breaking News on Financial Services

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

The Independent UK

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

The owner was aleted by his bank

Nottingham Post

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.

Reuters

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Talking Point: Does the City have a class problem?

Working-class candidates for jobs in the City may still find themselves at a disadvantage.

Evening Standard

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

High street bank is offering FREE £200 cash for new and existing customers

The battle between high street banks to attract current account customers is beginning to heat up again as the list of banks bringing in switching incentives like this is growing

Daily Mirror

Morrisons raiders cover faces as they steal from tills in late night break-in

Three people are believed to have broken into Morrisons in the early hours

Liverpool Echo

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Major change coming to Revolut for two million Irish customers and it's bad news for traditional banks

The new move is said to add additional pressure on traditional Irish banks from the popular app

Irish Mirror

UK bank says it will give people £200 each for free

Santander is offering a £200 bonus to all new customers

Liverpool Echo

Banks get time till December-end to execute revised agreement with locker holders

MUMBAI: The RBI on Monday extended the time till December-end for banks to enter into revised agreements with safe deposit locker holders as a large number of customers are yet to do so.

The Times of India

Three banks are giving away up to £200 free if you don't have account with them

Santander has joined Lloyds and first direct in offering non-customers free money

Wales Online

Downtown Chicago office space: Pockets of demand amid slow market

Experts say there’s a clear split between “have” and “have-not” buildings as big companies favor modern space heavy on amenities.

Chicago Sun-Times

Developer Oceanwide and Tycoon Lu Zhiqiang Sued in $1 Billion Loan Dispute

China Minsheng Bank is pursuing the firm and its de facto controller for billions of yuan in unpaid debt that they guaranteed

Caixin Global

Sri Lanka seen holding rates as inflation fight continues; IMF deal key

The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International Monetary Fund bailout.

Reuters

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news in one place.

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Insider UK

Lloyds Banking Group appoints pensions expert as Scottish chair

Promotion comes as Philip Grant retires after 40 years' service

Reuters

U.S. wants to see quicker progress on World Bank reforms- Yellen

U.S. Treasury Secretary Janet Yellen on Sunday said the United States wanted to see quicker progress on the World Bank's plans for expanding its lending capacity to address climate change and other global crises.

Bangkok Post

Rising rates sustain gains in banks' profits

The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery.

The Independent UK

Who is Richard Sharp, the BBC chairman facing calls for investigation? OLD

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

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news in one place.

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Liverpool Echo

'Iconic' former bank in affluent village on the market

The house has its own bar and balcony

Manchester Evening News

Martin Lewis' word of warning to anyone who uses a debit card

The Money Saving Expert warned that 'debit cards are now danger cards' if you're overdrawn

Asharq Al-Awsat

Profits of Omani Banks Rise 20%

Total net profits of Omani banks listed on the Muscat Stock Exchange (MSX) jumped by 20.6 percent to RO409mn in 2022 as compared to RO338.9mn profits reported in 2021. Preliminary financial results recently announced by the listed banks on the Muscat Stock Exchange showed an increase in profits of all…

Salon

Can Wall Street survive climate change?

The Federal Reserve is putting the country's biggest banks to a test

Wales Online

BBC chairman helped Boris Johnson arrange £800,000 loan before being given top job

The chairman of the BBC is understood to have helped arrange a guaranteed loan for the Prime Minister. It has raised questions about his appointment to the role.

Edinburgh Live

Old Edinburgh RBS office looks unrecognisable as demolition job begins

The office, which is in the process of being demolished, is a space that hundreds if not thousands of Edinburgh and Lothians residents would have travelled to for work over the years.

Nottingham Post

Lloyds Bank confirms Beeston branch will close

It's the third bank to shut in the area in recent times

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