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The Latest Breaking News on Financial Services

UK Government lays out plans to use 'Brexit freedoms' for 'Edinburgh Reforms'

THE UK Government has announced plans to use "Brexit freedoms" to launch a raft of major reforms to the financial sector to replace EU…

The National (Scotland)

Santander hit with huge fine over 'ineffective' failings

The financial watchdog penalised the major bank over gaps in its anti money laundering controls

Liverpool Echo

Santander fined £107 million for anti-money laundering failures

More than half a million UK business banking customers were subject to poor account oversight

Insider UK

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Jeremy Hunt’s City deregulation plans are ‘dangerous’ mistake, warns expert

Sir John Vickers, architect of post-2008 banking reforms, says plans put UK financial stability at risk

The Guardian - UK

UK to cut finance red tape and axe EU rules in bid for growth

The Chancellor is in Edinburgh to announce major reforms of UK financial services regulation

Insider UK

Santander fined £107.8m by finance watchdog over money laundering failings

The failures impacted the oversight of more than 560,000 business customers

Wales Online

Jeremy Hunt launches post-Brexit plan to rip up EU banking red tape

Brussels’ rules ‘choking’ economic growth, claims chancellor – vowing to ‘seize Brexit freedoms’

The Independent UK

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Gang forged bank, salary statements used for loan fraud

Police have arrested two men and two women for the forgery of bank and salary statements used to defraud loan companies of about 20 million baht.

Bangkok Post

Asian shares advance on back of Wall Street gains

Shares are higher in Asia after an advance on Wall Street led by the latest rally in technology companies

The Independent UK

Full list of bank closures coming in 2023 and 2024 - including HSBC, Lloyds and Barclays

Banks and building societies have closed, or have scheduled to close, a total of 5,695 branches since January 2015 - so which lenders have already announced they will close sites for good in 2023?

Daily Mirror

Lenders tempting borrowers to jump ship

Three of the big four lenders are pulling out all the stops to attract new customers by offering discounted deals and cash sweeteners.

AAP

Weekly Must-Read: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?

Vaccination campaign for the elderly gets rebooted and switch to home quarantine for close contacts and self-testing gathers pace across the country

Caixin Global

'It's dead out here': China's slow exit from zero-COVID

Judging by Friday's quiet streets in China's capital Beijing and the reluctance of some businesses to drop COVID curbs, enduring anxieties about the coronavirus are likely to hamper a speedy return to health for the world's second-largest economy.

Reuters

TSB launches emergency flee fund for people experiencing domestic abuse

People will be able to get support payments of £50 to £500, depending on their need.

The Independent UK

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The Independent UK

Florida lawmaker behind ‘Don’t Say Gay’ bill resigns after federal indictment for money laundering

Republican state representative is accused of fraudulently applying for Covid-19 aid governent loans

Tribune News Service

Florida lawmaker who sponsored 'don't say gay' bill resigns after federal indictment for wire fraud

TAMPA, Fla. — One day after being indicted on charges of money laundering and wire fraud, state Rep. Joe Harding, R-Ocala, announced his resignation from Florida’s House of Representatives.

Bangkok Post

Debtors await clarity on student loans

The number of borrowers repaying debt to the Student Loan Fund declined from September to November as some people chose to wait for the amended version of the law regarding lower interest rates and default fines, says fund manager Chainarong Katchapanan.

The Times of India

Charges framed against Siddique Kappan in PMLA case

LUCKNOW: A special court in the UP capital framed charges on Wednesday against Kerala journalist Siddique Kappan and six of his associates in a case lodged by the Enforcement Directorate (ED) for alleged violation of the Prevention of Money Laundering Act (PMLA).

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Reuters

Peru's key financial institutions remain resilient amid political turmoil - Moody's analyst

Peru's key economic and financial institutions remain resilient to political volatility, Moody's analyst Jaime Reusche said Thursday after the country impeached and arrested one president and welcomed another in a day of political drama on Wednesday.

Reuters

Bid to censure Ghana's finance minister fails in parliament

A bid to censure Ghana's embattled finance minister Ken Ofori-Atta failed on Thursday when ruling party members walked out of parliament, depriving the opposition of the two-thirds majority it required to pass the motion.

ABC News

Fixed mortgage ending soon? How you can prepare for rising repayments as interest rates climb

Many borrowers jumped to lock in record low interest rates over the past couple of years. But the good times are almost over, with a wave of fixed-rate terms coming to an end next year.

Motor1

Carvana Shares Drop Sharply Amid Creditor Deal, Bankruptcy Rumors

Shares of the car vending machine company have gone off a cliff, down 97 percent this year from a high of $376.

Daily Record

Mortgage ‘summit’ to discuss payment support for homeowners next year

Chancellor Jeremy Hunt met banking CEOs along with Martin Lewis and the FCA to discuss the issue.

Tribune News Service

Emboldened House Republicans to bring ESG scrutiny, experts say

WASHINGTON — Now that they’ve gained control of the House in the next Congress, Republican lawmakers will launch a slew of congressional inquiries into environmental, social and governance issues, according to legal and financial experts.

Dublin Live

Gardai issue timeline of night Trevor Deely went missing on anniversary of disappearance

Naas native Trevor Deeley was last sighted on Haddington Road in the early hours of the morning on December 8, 2000

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