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The Latest Breaking News on Financial Services

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.

Los Angeles Times

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

Insider UK

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:

Dynamite News

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Court orders daughter, bank to pay over B200m for theft

The Phra Khanong Civil Court has ordered a woman, two bank employees and a commercial bank to pay more than 200 million baht in compensation to a bedridden elderly woman in connection with the theft of over 250 million baht from her accounts.

Bangkok Post

Weekly Must-Read: Where to Now for Alibaba in the Post-Jack Ma Era?

With Ma pulling further back from the reins of his e-commerce empire after ceding control of Ant Group, all eyes are watching to see if relations with the government can be patched up

Caixin Global

SCB X keen on novel banking opportunity

SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.

Bangkok Post

Agency preps operations for new deposit variety

The Deposit Protection Agency (DPA) plans to safeguard customers' accounts at the proposed virtual banks, with the agency preparing its internal operations in line with this new offering.

Bangkok Post

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Lloyds Pharmacy to close 237 branches in Sainsbury’s — London pharmacies affected

The company, which bought Sainsbury’s 280-strong pharmacy network for £125 million, says the closures are “in response to changing market conditions”

Evening Standard

Lloyds Pharmacy to close all 237 Sainsbury’s outlets

Group says move due to ‘changing market conditions’ as industry warns of insufficient government funding

The Guardian - UK

Venezuela opposition names committee to manage foreign assets

Venezuela's opposition national assembly on Thursday named the commission members who will manage most of the country's assets abroad, moving ahead with a promise by the body's new leadership as it seeks to unify ahead of expected presidential elections.

Reuters

Man 'threatens to shoot customer with gun' in inner city robbery

The bandit stole an estimated €300 before he made off on a bicycle

Dublin Live

Chinese New Year greetings to use when celebrating Year of the Rabbit

We will officially enter the Chinese New Year on January 22

Liverpool Echo

JP Morgan chief says US should not be ‘playing games’ with debt ceiling

Jamie Dimon warns that US creditworthiness should be ‘sacrosanct’ as country’s debt races toward $31.4tn limit

The Guardian - US

Tesco Bank offers staff £1,250 pay increase to help with cost of living crisis

Tesco's pay rise to staff, which was given to help with the rising cost of living, was effective from January 8 which means workers will see the increase in their January paycheck

Daily Mirror

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The Times of India

Pakistan economic crisis

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 Independent UK

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.

Caixin Global

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

Wales Online

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"

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Birmingham Post

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

The Independent UK

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

Daily Mirror

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

Birmingham Post

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

The deal was secured by Barings Real Estate

Reuters

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.

The Guardian - UK

NatWest’s biometric app security is blinking annoying

It has introduced facial recognition, but does not recognise me

Bangkok Post

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.

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Subrahmanyam Jaishankar

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