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The Latest Breaking News on Financial Services

Three held for stealing money from ATMs in Andhra Pradesh, Rs6.91 lakh recovered

VISAKHAPATNAM: The Vizag city police arrested three of a four-member inter-state gang for stealing (fraudulently withdrawing cash) money from the ATM kiosks of Kanakamahalakshmi Co-operative bank in the city and they have recovered Rs6.91 lakh cash, 12 kgs of dry ganja, three mobile phones and one bike from the gang.

The Times of India

Tory MP Adam Afriyie declared bankrupt over £1.7 million debt

Judge Nicholas Briggs made a bankruptcy order against Adam Afriyie, who represents Windsor, at an online hearing in the Insolvency and Companies Court.

Daily Record

Conservative MP Adam Afriyie made bankrupt due to debts of £1.7m

Judge Nicholas Briggs made a bankruptcy order against Adam Afriyie, who represents Windsor, at a hearing in the Insolvency and Companies Court

Evening Standard

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Tory MP vows to stay on despite being declared bankrupt over £1.7 million debt

A CONSERVATIVE MP has been made bankrupt after a judge in a specialist court heard that he owed around £1.7 million to the taxman and a major bank.

The National (Scotland)

Tory MP made bankrupt due to £1.7m debt amid doubt over seat

Windsor MP hit with bankruptcy order – but insists he won’t stand down until next general election

The Independent UK

Bank of England to stress test hedge funds and private equity lending

Central bank to examine shadow banking sector amid fears it could put UK financial stability at risk

The Guardian - UK

Mortgage payments to surge by £3,000 a year, says Bank of England

Four million mortgage borrowers set to see monthly payments jump in 2023

The Independent UK

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About 4m mortgage borrowers to see repayments jump next year, Bank warns

People with a fixed-rate home loan due to expire at the end of 2023 are facing average monthly repayment increases of about £250.

The Independent UK

Europe’s biggest life sciences lab building may be coming to Canary Wharf

Plans for a “vertical campus” at North Quay would bring research scientists into London’s second financial centre

Evening Standard

Saudi Arabia to Expedite Opening of Accounts for Foreign Companies

The Saudi Central Bank (SAMA) has called on local banks to facilitate and speed up the procedures for opening accounts for foreign companies, in order to encourage them to transfer their regional headquarters to the Kingdom. The step is aimed at strengthening the country’s economy, providing employment opportunities, and boosting…

Asharq Al-Awsat

Iraq Receives $8 Mn from UN Compensation Commission After Full Payment to Kuwait

The Central Bank of Iraq (CBI) received the remaining sum from the UN Compensation Fund after paying all compensations to Kuwait relating to the invasion of Kuwait during the rule of late President Saddam Hussein in 1990. In a statement, CBI said it received $7.9 million, the remaining money in…

Asharq Al-Awsat

Supply chain issues see goods worth billions sitting in warehouses

Scottish manufacturers hit by delays to key parts, ingredients and materials

Insider UK

Hong Kong drops curbs on incoming travellers, scraps Covid app

HONG KONG: Arrivals in Hong Kong from Wednesday will no longer receive an 'amber' code barring them from some venues, Chief Executive John Lee said, while dropping use of a government-mandated Covid-19 mobile application.

Bangkok Post

Hong Kong drops curbs on incoming travellers, scraps COVID app

Arrivals in Hong Kong from Wednesday will no longer receive an 'amber' code barring them from some venues, Chief Executive John Lee said, while dropping use of a government-mandated COVID-19 mobile application.

Reuters

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Bangkok Post

Local banks eager to step up regional expansion

Local banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the Asean economy in the post-pandemic period.

Reuters

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.

Tribune News Service

News briefs

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

Al Jazeera

US announces sanctions against son of Zimbabwean president

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

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Tribune News Service

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.

Fortune

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.

The Times of India

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.

Glasgow Live

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.

Irish Mirror

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

Manchester Evening News

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’

Chronicle Live

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

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