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The Latest Breaking News on Financial Services

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

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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

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:

Dynamite News

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.

Reuters

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.

Radio France Internationale

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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

Liverpool Echo

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:

Dynamite News

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

Wales Online

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.

The Independent UK

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 Mirror

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.

Daily Record

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.

The Times of India

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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

Manchester Evening News

Plan for former bank gets nod despite fears over noise, loutish behaviour and 'intrusive late night activity'

A planning officer's report said bringing the building back into use would ‘contribute to the vitality’ of the town centre.

Liverpool Echo

Barclays told mum-of-five she's half a million pounds overdrawn

Michelle Beckwith said she cannot pay her bills or buy presents as a result

Chronicle Live

Tesco employee shares 11 things staff would love to say to shoppers - but can't

Christmas is a stressful time for shoppers as well as supermarket employees - here an ex-Tesco staff member has shared their honest thoughts

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Asharq Al-Awsat

World Bank Approves $500 Mln to Expand Social Security in Egypt

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection program in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday. The funds will support the government's Takaful…

Reuters

World Bank approves $500 million to expand social security in Egypt - ministry

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection programme in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday.

Asharq Al-Awsat

Arab League Says Ready to Facilitate Dialogue between Lebanese Rivals

Arab League Secretary General Ahmed Aboul Gheit stressed on Thursday that kicking off economic revival in Lebanon hinges on resolving the political deadlock in the country. The Arab League is prepared to facilitate dialogue between the Lebanese parties to that end, he told an economic forum in Beirut. The lack…

Reuters

Ukraine's parallel war on corruption to unlock door to West

To an outsider, it may seem an unlikely time for Ukraine to double down on the battle against corruption, as missiles rain down on cities and citizens fight for their lives.

Bangkok Post

Lenders demand access to utility bill data

The Thai Bankers' Association (TBA) plans to continue its push for the incorporation of data from utility bills into the National Credit Bureau (NCB) database as an alternative source for banks to consult when extending loans to the underbanked segment.

Bangkok Post

GSB unit unveils loan based on land pledge

Mee Tee Mee Ngern, a Government Savings Bank (GSB) subsidiary, aims to extend land collateral loans worth 10 billion baht next year, says chief executive Isara Wongrung.

Daily Mirror

HSBC: You can get £200 free cash paid into your account but just hours are left to claim

HSBC bank is currently offering those who switch to its Advance Account £200 in free money as a sign-up bonus - but the offer finishes at 11.59pm tonight

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