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The Latest Breaking News on Financial Services

IMF shareholders deeply divided on whether to suspend surcharges on some loans

The International Monetary Fund's executive board on Monday discussed the surcharges it collects from mostly middle- and lower-income countries on larger loans that are not repaid quickly, but failed to agree to launch a formal review.

Reuters

News briefs

Biden’s student-loan relief plan gets expanded review from Supreme Court

Tribune News Service

US announces sanctions against son of Zimbabwean president

The US Treasury Department has accused Emmerson Mnangagwa Jr of ties to sanctioned businessman Kudakwashe Tagwirei.

Al Jazeera

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Biden’s student-loan relief plan gets expanded review from Supreme Court

The U.S. Supreme Court expanded a planned showdown over President Joe Biden’s student-loan relief plan, saying it will hear arguments from two borrowers who contend they are being unfairly excluded from the full scope of the program.

Tribune News Service

Jamie Dimon warns of 'extraordinary' dangers of Ukraine War and global energy crisis

JPMorgan’s CEO warned of a prolonged energy crisis, while calling for a “Marshall Plan for energy” to combat oil and gas underinvestment.

Fortune

November inflation print provides impetus to end rate hike cycle: SBI economists

MUMBAI: The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country's largest lender SBI said on Monday.

The Times of India

Glasgow TSB branch 'robbed' as police close bank to investigate

The bank remains closed this afternoon as police investigate the robbery. The TSB bank, on Kilmarnock Road has temporarily closed its doors to customers following the incident.

Glasgow Live

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Interest rate hikes by European Central Bank were 'positive for Irish banks'

Department of Finance documents show officials said investor appetite for AIB had increased 'notwithstanding lingering concerns' of a recession coming in Europe

Irish Mirror

Grade-Two listed former bank that has lain empty for years to be turned into co-working offices

The former NatWest bank was built in 1905 in ‘flamboyant baroque style’

Manchester Evening News

Four con artists jailed after they scammed North East pensioners out of £200,000

Six victims from across the region were identified as fraudsters targeted them purporting to be police officers

Chronicle Live

Student loan forgiveness “highly unlikely” as Supreme Court reviews case, says expert

December 1st 2022, the federal Supreme Court rejected President Biden’s immediate request to revive his student debt relief plan. The court will review oral arguments in February 2023 and then determine whether the leading lawsuit against the program has merit.

Tribune News Service

Rs 200 Cr Money Laundering Case: Delhi court adjourns Actor Jacqueline Fernandez’s Hearing Till 20 December

A Delhi Court on Monday deferred the arguments on charge in Rs 200 crores money laundering case related to Sukesh Chandrasekar and Bollywood actress Jacqueline Fernandes. Read on for details:

Dynamite News

Bank of England expected to further increase interest rates

Interest rates could shoot to 3.5 per cent from next week following a meeting of the Monetary Policy Committee

Manchester Evening News

Metro Bank fined £10m for misleading investors

FCA also penalises two of challenger bank’s former top executives

The Guardian - UK

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The Times of India

Bombay HC grants interim bail to Sena MLA's aide in money laundering case

MUMBAI: The Bombay High Court on Monday granted interim bail to an aide of Shiv Sena (Eknath Shinde faction) MLA Pratap Sarnaik in a money laundering case being probed by the Enforcement Directorate (ED).

The Guardian - UK

US banks named as being among least ethical UK operators

A new study scores the best and the worst accounts based on key issues such as climate and tax avoidance

The Times of India

Madhya Pradesh: ED starts money laundering probe against BP Food Products

BHOPAL: Enforcement directorate has started a money laundering probe against the directors of Gwalior-based BP Food Products Private Limited in connection with a fraud case.

Bangkok Post

Britain's GDP grows 0.5% in Oct: statistics office

LONDON: Britain's economy grew 0.5% in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.

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The Guardian - UK

UK economy returns to growth as GDP rises 0.5% in October

Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession

The Guardian - UK

What has Barclays done with my £50,000 after post-Brexit changes?

I kept the account when I moved to Greece, but the bank closed accounts held by non-UK residents

Wales Online

Which HSBC, Lloyds, Santander, Natwest, Barclays and Halifax branch are closing

54 branches are closing every month bringing the total to 5,355 since 2015

Birmingham Post

'A glimmer of hope': NatWest boss on why North West businesses can be optimistic despite looming recession

The headline North West PMI Business Activity Index registered 48.5 in November, little-changed from October’s 48.4

The Independent UK

Spike in use of gambling blocks to curb overspending amid income squeeze

Online bank Monzo revealed that it has seen 50,000 of its customers utilise its gambling block tool for the first time over the past six months.

Insider UK

Contraction across Scotland's private sector gathers pace in November

Latest RBS research shows a sharper decline in new orders, as business sentiment weakens in November

Bangkok Post

Thais willing to share data to enable better online banking

The majority of Thai consumers want a better digital banking experience, with more than half willing to share and have their data collected by service providers to improve their experience, according to a recent survey.

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