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The Latest Breaking News on Financial Services

North East businesses signal pre-Christmas confidence boost

A new survey shows the region is only second to the North West in terms of optimism

Birmingham Post

Launch of digital rupee a historic milestone, says RBI executive director

NEW DELHI: Terming the launch of digital rupee a historic milestone, RBI executive director Ajay Kumar Choudhary on Thursday said the currency would bring in a lot of operational efficiency in the system and will foster financial inclusion.

The Times of India

London banker bonuses set to plunge amid stock market downturn

Average bank compensation could fall as much as 50% this year according to new estimates

Evening Standard

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Taxonomy and clear definitions needed to prevent 'greenwashing': RBI deputy governor Rajeshwar Rao

MUMBAI: Reserve Bank deputy governor M Rajeshwar Rao on Thursday called for a taxonomy on green finance to avoid the risk of "greenwashing".

The Times of India

First round of bidding process for the Commanders closes this week

The first round of bids for a potential sale of the Commanders closes this week.

USA Today Sports Media Group

El Salvador to receive $150 million from development bank for education

(This Dec. 21 story has been refiled to fix incorrect company ticker symbol)

Reuters

Money laundering gang who hacked football club owner's account locked up

Former lawyers Iain Robertson, 69, David Lyons, 71, and Alistair Blackwood, 68, along with Mohammed Aziz, 61, and Robert Ferguson, 67, were convicted following a trial at the High Court in Glasgow.

Daily Record

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Need similar regulations for banks and fintechs if underlying activity is same: RBI deputy governor

MUMBAI: Reserve Bank deputy governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like fintechs if they are undertaking the same activity.

The Times of India

Reliance Capital auction: Torrent Group highest bidder at Rs 8,600 crore

NEW DELHI: Torrent Group on Wednesday emerged as the highest bidder for debt-ridden Reliance Capital in the auction conducted as part of its resolution process.

The Times of India

King Charles banknotes: when will the new notes enter circulation?

King Charles and Queen Elizabeth II are the only two monarchs who have appeared on UK banknotes

Evening Standard

Urgent Christmas scam warning issued to shoppers buying last-minute gifts online this week

Bank of Scotland shares six top tips to make sure your money stays safe over the festive season.

Daily Record

Earn free £200 at start of next year by switching your bank account before today

HSBC UK’s bumper boost for new customers ends on Thursday, December 22.

Daily Record

Leading UK fund manager furthers Pensana investment ahead of Saltend big build

£3.2m equity buy-in comes 12 months after initial 5 per cent stake taken by M&G Investment Management

Birmingham Post

Development Bank of Wales eyeing new British Business Bank funds

Chief executive Giles Thorley said funding to support decarbonisation of the Welsh economy is a key focus

Birmingham Post

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Manchester Evening News

Former bank could be converted into bedsits under plans that also include a cinema room and gym

Despite more than doubling the number of rooms approved for an earlier scheme, the applicant claims the scheme would comply with council size standards

Liverpool Echo

Martin Lewis issues 'last chance' warning to get free £200 cash

The money could really help people out amid the cost of living crisis

Asharq Al-Awsat

Islamic Countries Adopt Makkah Agreement for Cooperation in Combating Corruption

Anti-corruption agencies of Organization of Islamic Cooperation (OIC) member states have adopted the Makkah Agreement aimed at strengthening cooperation and preventing corruption crimes. The law enforcement agencies have attended their first ministerial meeting, in Jeddah.

Insider UK

Business confidence falls in Scotland - but latest Bank of Scotland barometer shows firms remain resilient

'After a turbulent few months many companies are now looking at shoring up their investment plans for the year ahead'

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Birmingham Post

Small rise in business confidence across Wales as firms cautiously optimistic entering 2023

Welsh firms were more optimistic in the economy than in their own business prospects, latest figures from Lloyds Bank reveal

Birmingham Post

South West bosses to target growth in 2023 as business confidence returns

Companies in the region are hopeful for success next year despite concerns remaining around inflation and the recession

Tribune News Service

Wells Fargo to pay $3.7 billion in penalties, restitution over ‘widespread mismanagement’

CHARLOTTE, N.C. — Wells Fargo is facing $3.7 billion in fines and restitution after reaching a settlement with federal regulators Tuesday to resolve multiple issues related to auto lending, mortgages and consumer deposit accounts.

Reuters

IMF board approves $203 million disbursement to Democratic Republic of Congo

The International Monetary Fund's executive board has concluded a third programme review allowing for an immediate disbursement of about $203 million to Democratic Republic of Congo, it said on Tuesday.

Reuters

World Bank approves additional $610 million in financing for Ukraine

The World Bank on Tuesday said it had approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as the war with Russia continues.

Salon

Jones stripped of bankruptcy protections

Texas judge lifts stay preventing Sandy Hook families from collecting damages

WEKU

Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars

The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.

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