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The Latest Breaking News on Financial Services

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

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

The Independent UK

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.

Tribune News Service

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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.

Bangkok Post

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).

The Times of India

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.

Reuters

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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.

ABC News

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.

Motor1

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.

Daily Record

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.

Tribune News Service

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

Dublin Live

Delhi Police busts gang circulating fake Indian currency notes; two held

NEW DELHI: With the arrest of two persons, Delhi Police's Special Cell has busted an international syndicate allegedly involved in the circulation of fake Indian currency notes (FICNs) in India, officials said on Thursday.

The Times of India

Martin Lewis shares three ways to get up to £200 for free - with one simple switch

Winter is officially upon us, and that means Brits will be expected to fork out extra on their energy bills - but this trick may be able to get you a free £200 to cover costs

Daily Mirror

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Asharq Al-Awsat

Lebanese Banks Battered by Meltdown Struggle to Survive

Lebanon’s once burgeoning banking sector has been hard hit by the country’s historic economic meltdown. It has suffered staggering losses worth tens of billions of dollars and many of the small nation’s lenders now face possible closures or mergers. Yet bankers have been resisting attempts to make their shareholders assume…

The Guardian - UK

Christmas party cancellations ‘near Omicron level’ as UK rail strikes loom – as it happened

Hospitality bosses say 30% of bookings have been called off, with rail workers’ walkouts predicted to wipe £1.5bn from revenues

The Independent UK

Lebanese banks battered by meltdown struggle to survive

The banking sector in Lebanon has been struggling since the country’s economic meltdown began in October 2019

Financial Times

Monte dei Paschi: how far did Italy go to draw a line under its troubled bank?

After 15 years of scandal and state aid, Rome was prepared to bend the rules to ensure the world’s oldest lender could be safely sold off

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news in one place.

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Tribune News Service

Florida lawmaker who was sponsor of 'don't say gay' bill is indicted on wire fraud, other charges

TAMPA, Fla. — State Rep. Joe Harding, a Republican from north Florida, was indicted Wednesday on charges of money laundering and wire fraud after a federal grand jury said he falsely claimed two inactive businesses of his had employees in order to get coronavirus-related loans.

Bangkok Post

Analysts see Fed rate hike of 0.5%

Analysts expect the Federal Reserve to raise interest rates by 0.5% in the middle of this month, putting pressure on stocks, gold and oil to continue their freefall.

The Guardian - AU

Reserve Bank review ‘will be relevant’ to Philip Lowe’s chances of a second term, Chalmers says

Treasurer says it is not a ‘performance review’ but will ‘feed into our thinking’ about RBA leadership

The Independent UK

Florida Republican behind ‘Don’t Say Gay’ bill indicted for money laundering and wire fraud

A federal grand jury indictment alleges Joseph Harding fraudulently applied for Covid-19-related government loans

AAP

RBA maintains 'open mind' on digital money

Australians value hard cash and have easy access to it, but digital money could be a back-up during cyber events and when extreme weather hits banking systems.

Bangkok Post

Economists upbeat on 2023

Thailand's economic outlook remains positive for next year despite global headwinds, according to economists.

The Times of India

Why no criminal case against businessman in loan frauds, asks Supreme Court

NEW DELHI: The Supreme Court on Wednesday sought responses from the Union government and the Reserve Bank of India on why criminal cases are not being filed against industrialists and corporate houses who have been found to have indulged in bank frauds and defaulted in repaying loans worth crores of…

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