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The Latest Breaking News on Financial Services

Is SOFI a Penny Stock You Should Want to Buy?

Financial services company SoFi Technologies (SOFI) recorded impressive growth across its business segments. However, the company’s losses widened, and analysts seem bearish about its earnings growth prospects due to its bleak fundamentals and the potential recessionary pressures. Thus, is it wise to buy this under $5 fintech stock? Read more…

StockNews.com

UK credit card borrowing soars to highest monthly level since 2004

Concerns mount over cost of living crisis as November figures show additional £1.2bn borrowing on cards

The Guardian - UK

HDFC Bank posts 19.5% loan growth in Q3

NEW DELHI: Private sector lender HDFC Bank on Wednesday said it has recorded a 19.5 per cent increase in credit growth to Rs 15 lakh crore for the third quarter ended December 2022.

The Times of India

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All rise! Ten new towers planned for City of London skyline

New skyscrapers are being planned for London’s financial centre in a sign of investor confidence in the capital

Evening Standard

Call to protect West Lothian town centres for the future backed by council

There's cross party support for a review of policies towards the preservation of town centres in the area along with a call to engage with communities and local representatives on the future

Edinburgh Live

Principality Building Society appoints new non-executive director

Ian Greenstreet has held senior roles with the likes of HSBC, Lloyds and ABN AMRO

Birmingham Post

Student debt relief: Where borrowers stand as Supreme Court weighs Biden's plan

When President Joe Biden announced his federal student loan forgiveness plan last year, nearly 26 million Americans jumped on the chance for debt relief.

Tribune News Service

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Kolkata to host first Meeting of Global Partnership For Financial Inclusion Working Group on Jan 9-11

The G20 India on Wednesday said the first Meeting of Global Partnership for Financial Inclusion (GPFI) Working Group of G20 under the Finance Track under India's G20 Presidency would be hosted in Kolkata. Read on for details:

Dynamite News

Stan Kroenke reaches £70m Arsenal agreement amid fresh Mykhaylo Mudryk transfer bid

Arsenal transfer news: The Gunners are expected to continue their pursuit of Ukrainian Mykhaylo Mudryk in this January transfer window

Football London

KTC shifts from car hire-purchase loans

Krungthai Card Plc (KTC), a non-bank entity under Krungthai Bank (KTB), is edging away from car hire-purchase loans after the consumer regulator tightened the rules for this segment.

Bangkok Post

Woman in marigolds sought by police after attempted bank robbery

Officers are appealing for information

Wales Online

US Virgin Islands fires attorney general in Epstein cases

The governor of the U.S. Virgin Islands has fired the attorney general of the U.S. territory who led a lengthy legal case against disgraced financier Jeffrey Epstein that resulted in a $105 million settlement

The Independent UK

Santander UK drops 2:1 requirement for graduate scheme

Bank says changing minimum qualification rules opens scheme to 64,000 more candidates each year

The Guardian - UK

Almost £50m in funding agreed to complete 693-bed student scheme in Nottingham

Developer Conygar also hopes to raise £30 million through the issue of zero dividend preference shares

Birmingham Post

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Manchester Evening News

CCTV appeal after six packages thrown over wall at Forest Bank prison

Police want to speak to the man captured in the pictures

Daily Mirror

Arsenal's new £70m loan agreement explained amid fresh Mykhaylo Mudryk transfer talks

The Premier League leaders submitted "registration of a charge" form on December 23, with the potential borrowings from Barclays guaranteed against TV money, as fresh talks with Shakhtar Donetsk over Ukraine winger take place

Dynamite News

CBI Files Chargesheet Against Directors Of Ludhiana-Based Textile Company In Bank Fraud Of Over Rs 1,500 Crore

The CBI has filed a chargesheet in the Court of Additional and District Session Judge in Mohali against a private company based in Ludhiana and others. Read on for details:

Edinburgh Live

Edinburgh woman scammed out of £21,000 by cruel phone hacker posing as bank

The Santander customer from the capital was convinced by the caller and sent £21,996.38 to the new account. She later became suspicious, police said.

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The Guardian - UK

UK firms less likely to borrow than at any time since financial crash

Demand for credit is waning among UK’s leading companies, according to accountancy firm Deloitte

Bristol Post

Morrisons set to slash prices of 130 items including meat and cleaning products

It comes as the cost of living crisis continues to grip Brits hard

Wales Online

Morrisons makes big announcement on the prices of 130 items

The move comes amid the cost of living crisis

Birmingham Post

South West companies confident of success in 2023 despite UK's recession woes

Businesses are planning to invest, grow turnover and retain staff, according to the latest Lloyds Bank Business Barometer

Reuters

Exclusive-World Bank seeks more funds to address climate change, other crises -document

The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools, according to an "evolution roadmap" seen by Reuters on Monday.

Bangkok Post

Corporate lending to be key driver of loan growth in 2023

Corporate loans are expected to be the key contributor to lending growth in the banking sector in 2023 thanks to improving demand from businesses and the strong financial condition of large companies.

Tribune News Service

Modi’s cash ban was legal, India court rules amid faint dissent

India’s Supreme Court upheld Prime Minister Narendra Modi’s 2016 decision to overnight invalidate high-value currency notes, a decision that could provide firepower to the ruling party ahead of a series of elections in coming months.

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