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The Latest Breaking News on Financial Services

Barclays announces closure of 15 branches across UK as customers 'embrace online banking'

Have a look to see if your local bank branch will be closing this year

Wales Online · Jan 18, 2023

Outstanding credit card balances jumped by 10.1% annually in October

There were 11.3% more credit card transactions in October 2022 than in October 2021, according to figures from UK Finance.

The Independent UK · Jan 18, 2023

TSB to close Nottinghamshire branch in May as 'more people use online banking'

TSB will also be closing eight other branches across the UK by May 2023

Nottingham Post · Jan 18, 2023

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TSB to shut nine more bank branches this year - see full list of affected places

TSB currently has 220 branches in the UK - after these latest closures, which are happening throughout May 2023, that number will fall to 211

Daily Mirror · Jan 18, 2023

Launch date for new £130m Wales fund from the British Business Bank

Chief executive of the British Business Bank Louis Taylor said the fund would help plug the equity gap in Wales

Birmingham Post · Jan 18, 2023

Scottish Friendly appoints new chief operating officer

New hire comes from senior technology and operations roles at various financial services firms

Insider UK · Jan 18, 2023

'No dominant model' for hybrid work has yet emerged

A new survey of the financial and professional services sector finds most firms are not enforcing minimum number of office days

Insider UK · Jan 18, 2023

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IMF executive board approves $240 million disbursement to Uganda

The International Monetary Fund (IMF) said on Tuesday its executive board approved two reviews of a financing agreement with Uganda that allow for the immediate release of about $240 million to the East African country.

Reuters · Jan 17, 2023

Determining the future of virtual banking

The Bank of Thailand has issued a consultation paper for the virtual bank licensing framework as part of its hearings into the creation of virtual banks as new financial service providers. Below are details about virtual banks listed in the paper and frequently asked questions.

Bangkok Post · Jan 17, 2023

Jes Staley ‘personally observed’ Epstein’s abuse, woman suing JPMorgan claims

A woman suing JPMorgan Chase & Co. for facilitating her sexual abuse by Jeffrey Epstein is claiming Jes Staley “personally observed” that abuse when he was the bank’s head of private wealth.

Tribune News Service · Jan 17, 2023

New B&M store plan could bring 40 jobs to Southport

But concerns have been raised the store could relocate from its existing Lord Street shop

Liverpool Echo · Jan 17, 2023

Former Bootle tax office could be demolished to make way for warehouse

Plans were submitted to Sefton Council last week

Liverpool Echo · Jan 17, 2023

Hundreds oppose plans for new betting shop in Staple Hill

Residents are objecting to a planning application to convert an old bank on the high street into a betting shop

Bristol Post · Jan 17, 2023

Full list of the Barclays banks set to close this year as 15 more confirmed

The closures are expected to take place from April

Birmingham Post · Jan 17, 2023

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Daily Mirror · Jan 17, 2023

Barclays to shut 15 more banks this year - see full list of affected branches

The latest closures comes on top of 11 sites already earmarked by Barclays in 2023 - taking the total number of banks set to close their doors for good this year to 26

Reuters · Jan 17, 2023

U.S. Supreme Court mulls Turkish lender Halkbank's bid to avoid charges

U.S. Supreme Court justices on Tuesday grappled with thorny questions of sovereign immunity as they weighed a bid by Turkey's state-owned lender Halkbank to avoid criminal charges in the United States for allegedly helping Iran evade American economic sanctions. The nine justices heard arguments in Halkbank's appeal of a lower…

Reuters · Jan 17, 2023

U.S.-China friction stokes concern among some top finance bosses

The bosses of global investor Fidelity International and accountancy giant EY have voiced concerns about a fracturing of relations between the U.S. and China, speaking at the World Economic Forum in Davos on Tuesday.

The Times of India · Jan 17, 2023

IMF bailout: India to back Sri Lanka's debt restructuring plan

NEW DELHI: India formally notified that it would support Sri Lanka’s debt restructuring plan, according to a person with knowledge of the matter, clearing a major hurdle for the bankrupt nation to unlock a $2.9 billion bailout from the International Monetary Fund.

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Liverpool Echo · Jan 17, 2023

Lloyds Bank issues £642 warning to all customers

Lloyds Bank is warning people to be vigilant

The Independent UK · Jan 17, 2023

Banking customers withdrew £83bn from ATMs in 2022, says Link network

The number of fee-charging ATMs fell last year, Link said.

Bangkok Post · Jan 16, 2023

SMEs share transformation stories

Fifty-five percent of small and medium enterprises in Southeast Asia are optimistic about their business recovery after the pandemic, but they realise they need to make changes to stay competitive, the UOB Asean SME Transformation Study 2022 has found.

The Times of India · Jan 16, 2023

RBI proposes banks to design own credit loss models under newer provisioning system

MUMBAI: Banks will be allowed to design own credit loss models and spread the higher provisions over a five-year period under a newer system of setting aside money for lending, the RBI proposed on Monday.

The Independent UK · Jan 16, 2023

Lenders have ‘obligation’ to support struggling borrowers, Bank governor says

In a meeting about the UK’s financial stability, Andrew Bailey told the Treasury Committee that banks are much stronger financially than in the past.

The Times of India · Jan 16, 2023

4 of family from TN found dead in Telangana

HYDERABAD: Four members of a family from Tamil Nadu were found dead under suspicious circumstances with one of them found hanging at an apartment in Hyderabad on Monday, police said.

Reuters · Jan 16, 2023

Hong Kong judge defends judiciary amid fears of ebbing independence

Hong Kong's top judge defended the independence of the judiciary in the Chinese-ruled territory amid international and local criticism of deteriorating legal freedoms since a national security law was introduced in 2020.

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