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The Latest Breaking News on Financial Services

5 Stocks to Buy Now and Hold for the Long Term

As the Fed hinted at raising interest rates through 2023, investors are worried about a recession. However, the rate hike aggression is expected to slow down if inflation keeps cooling. Regardless of market conditions, buying and holding fundamentally sound stocks Johnson & Johnson (JNJ), Berry Corporation (BRY), Honda Motor Company…

StockNews.com

3 ETFs to Consider Buying Before January

Although inflation eased for two consecutive months, the Fed is expected to keep raising interest rates through 2023. This is expected to keep the stock market under pressure in the upcoming months. Amid this backdrop, it could be wise to buy ETFs JPMorgan Ultra-Short Income (JPST), VanEck Pharmaceutical (PPH), and…

StockNews.com

Banks' consolidated balance sheet hits double-digit growth in FY22: Report

MUMBAI: The consolidated balance sheet of Indian banks notched double-digit growth in 2021-22, after a gap of seven years, led by credit growth that accelerated to a ten-year high in the first half of the year, the central bank said in a report on Tuesday.

The Times of India

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Full list of bank closures coming in 2023 including Lloyds, Halifax, NatWest and HSBC

Another 193 banks are scheduled to shut in 2023

Liverpool Echo

All the Nottinghamshire banks confirmed for closure in 2023

Which? suggests banks and building societies have closed, or have scheduled to close, a total of 5,355 branches since January 2015. This amounts to 54 branches each month.

Nottingham Post

The near-200 banks set to close in 2023 as branches disappear from high streets

These are the closures that are currently known about - more could be announced

Wales Online

Five bank scams to be aware of in Northern Ireland in 2023

Which? has identified five bank transfer scams to look out for next year

Belfast Live

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People warned to look out for messages asking for a 'favour'

Five bank scams to watch out for in 2023

Liverpool Echo

Insurance upheaval

A huge number of Covid-19 insurance lump-sum claims, spurred by the peak of the pandemic in 2021 and early this year, caused the closure of four insurance companies -- Asia Insurance, The One Insurance, Southeast Insurance and Thai Insurance -- as they did not have sufficient capital reserves to pay…

Bangkok Post

Payment system operators to report fraud on RBI's DAKSH from January 1

MUMBAI: In order to streamline reporting, enhance efficiency and automate the payments fraud management process, the RBI on Monday said the fraud reporting module will be migrated to DAKSH -- the Reserve Bank's advanced supervisory monitoring system -- from January 1.

The Times of India

Brits queue up for Boxing Day sales - but high streets quiet as many stay home

High street stores seem to have attracted much smaller crowds this year as Brits feeling the pinch of rising costs say they'll spend less in post-Christmas sales

Daily Mirror

Sebi orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others

NEW DELHI: Sebi on Monday ordered the attachment of bank and demat accounts of Sahara Group firm, its chief Subrata Roy and others to recover Rs 6.42 crore for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs).

The Times of India

ICICI Bank-Videocon Case: CBI Seeks Three-Day Custody Of Videocon Chairman, Chanda And Deepak Kochhar

CBI has sought the custody of the Videocon chairman for three days and of the couple for three more days. Read on for details:

Dynamite News

CBI arrests Videocon founder Venugopal Dhoot, to be produced in court soon

MUMBAI: The Central Bureau of Investigation (CBI) on Monday arrested chairman of Videocon Group Venugopal Dhoot in connection with ICICI Bank loan fraud case. Last week, the CBI had arrested former CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in relation to the same case.

The Times of India

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Dynamite News

CBI Arrests Videocon Chairman Venugopal Dhoot In ICICI Bank Money Laundering Case

The Central Bureau of Investigation (CBI) on Monday arrested Videocon chairman Venugopal Dhoot, co-accused in the ICICI bank money laundering case. Read on for details:

Reuters

Ghana again extends domestic debt exchange registration deadline

Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in order to "secure internal approvals" from the financial sector, the Finance Ministry said in a statement late on Saturday.

Radio France Internationale

France's Macron says Lebanon must change leadership to break deadlock

French President Emmanuel Macron called on Lebanon to "get rid" of its political leadership who have for months blocked reforms vital to save its stricken economy. He said an international conference to offer support to the country would be organised in the coming weeks.

Liverpool Echo

Woman, 84, loses entire life savings after man's call from 'bank's fraud department'

Dean Clarke admitted to stealing £20,000 from an 84-year-old woman

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news in one place.

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Dynamite News

CBI Produces Former ICICI Head Chanda Kochhar, Husband In Videocon Loan Case

Former Managing Director (MD) and Chief Executive Officer (CEO) of the ICICI bank Chanda Kochhar and her husband Deepak Kochhar were produced before a Special Court of the Central Bureau of Investigation (CBI) for carrying forward remand proceedings. Read on for details:

Wales Online

Over 5,000 bank branches have closed since 2015, Which? finds

Which? counted 5,162 bank and building society branches that have closed since January 2015

The Independent UK

More than 5,000 bank and building society branches closed since 2015 – Which?

Cash remains vital for a significant number of people, consumer campaigners said.

Daily Mirror

Mighty 5,000 banks have closed in 7 years with millions at risk of being cut off

Research by Which? revealed thousands of branches have closed across the UK since 2015 with a further 206 set to close by the end of next year as digital becomes king

Daily Record

Bank opening times over the Christmas period for Bank of Scotland, RBS, Santander and more

Be sure to check your local branch's opening time before making a trip into town.

The Times of India

Videocon loan case: Former ICICI Bank CEO Chanda Kochhar, husband arrested by CBI

NEW DELHI: The Central Bureau of Investigation (CBI) on Friday arrested former CEO and managing director of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in connection with the Videocon loan case.

Manchester Evening News

Heartless fraudster who helped steal entire life savings of 84-year-old woman is jailed

Dean Clarke has been jailed for his crimes

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