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The Latest Breaking News on Financial Services

A Sydney woman who defrauded National Australia Bank out of millions of dollars will spend Christmas behind bars as she awaits a sentence hearing next year.

AAP

Bank of Queensland addresses CEO's exit

George Frazis' sudden removal as CEO last week was "not ideal," Bank of Queensland's chairman has conceded to shareholders at its AGM.

AAP

Martin Lewis charity highlights mental toll of cost of living crisis

Survey finds nearly a fifth of respondents have had suicidal ideation about financial problems

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

More limits should be put in place over debt collector contact, says charity

The Money and Mental Health Policy Institute is urging the Government to charge regulators with limiting how often debt collectors can contact people.

The Independent UK

Credit bureau wary of digital loans

The National Credit Bureau (NCB) expects household debt in terms of loan amounts will continue to increase, despite the decline in the household debt-to-GDP ratio.

Bangkok Post

Miscarriage leave and 20 day DV allowance in council staff agreement

It features miscarriage leave, Defence service leave and an increase from 10 days domestic violence leave per year to 20.

Newcastle Herald

2 Best ETFs to Buy Now to Build a Diversified Portfolio

Despite a slight ease in inflation, the stronger-than-expected job report will likely encourage the Fed to continue tightening its policy. Amid this backdrop, fundamentally strong ETFs Vanguard Value Index Fund (VTV) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) could help investors diversify their portfolios. Read on….

StockNews.com

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Weed shops switch to cash after cashless ATM crackdown

Marijuana shops across the US are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down last week.

Tribune News Service

Weed shops switch to cash after cashless ATM crackdown

Marijuana shops across the U.S. are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down last week.

Tribune News Service

Full list of bank holiday dates for 2022 and 2023 including Christmas changes

There are currently eight Bank Holidays planned for 2023 and two left in 2022

Liverpool Echo

Finance ministry holds review meeting with heads of banks to promote cross-border trade in rupee

NEW DELHI: The finance ministry on Monday had a comprehensive review meeting with CEOs of banks including top six private sector lenders and discussed ways to promote cross-border trade in rupee.

The Times of India

LIC raises stake in HDFC to over 5%

NEW DELHI: Life Insurance Corporation of India (LIC), the country's largest insurer, has increased its stake in HDFC Ltd to over 5 per cent following the acquisition of shares from the open market.

The Times of India

French Prosecutors Name Ukrainian Suspect in Lebanese Central Bank Probe

French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Lebanon's central bank under formal investigation as part of a cross-border probe into alleged fraud to the detriment of the Lebanese state. Anna Kosakova, with whom central bank governor Riad Salameh has a daughter,…

Asharq Al-Awsat

French prosecutors name Ukrainian suspect in Lebanese central bank probe

(This story has been refiled to fix a typo in paragraph 11.)

Reuters

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Chronicle Live

Northumberland County Council's finances in good health despite financial world 'being turned on its head'

The rise in interest rates was significantly higher than expected but the authority has been able to use cash reserves to mitigate the issue

Edinburgh Live

Tesco announces important Clubcard changes to offer more Christmas savings

The supermarket giants CEO has recently called for cost of living help to be "more targeted" in order to benefit the most vulnerable members of society in the UK.

AAP

RBA hikes rates in fight to tame inflation

The Reserve Bank has increased interest rates by another 25 basis points, locking in more mortgage pain for Australians over summer.

Birmingham Post

Management shake-up at GB Bank as chair Paul Rippon resigns

The co-founder of Monzo spent more than two years with the challenger bank

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news in one place.

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Evening Standard

Climate change protesters who smashed Barclays bank HQ windows ‘could face jail’ after being convicted of criminal damage

Judge Milne KC said ‘all options’ have to be considered before adjourning the sentencing to January 27 next year at the same court

The Independent UK

Climate protesters found guilty of criminal damage at Barclays headquarters

Seven women were convicted at Southwark Crown Court on Monday over the incident on April 7 last year.

Birmingham Post

PwC to shut most offices over Christmas in bid to save energy

The accountancy giant said there would still be workspace available for staff to use over the festive period

Evening Standard

Why the Bank of England’s policy means interest rates could stay sky-high for years

Did you know that the Government is running an incomes policy, in which it seeks to place a cap on people’s wages in the public sector regardless of what is happening elsewhere in the economy? Not officially, perhaps, but the truth is that pay in the public sector is rapidly…

Ballotpedia

U.S. Supreme Court announces it will hear arguments on Biden administration’s student loan forgiveness plan

The U.S. Supreme Court on December 1 said it will hear oral arguments in a lawsuit filed by six states over the Biden administration’s plan to forgive up to $20,000 of federal student loan debt per borrower in February.

The Guardian - AU

RBA tipped to lift cash rate again at board meeting as mortgage cliff looms

Economists widely predict 25 basis point rise but some say central bank may consider pausing rates after seven straight hikes

The Guardian - UK

Mone’s Covid lobbying ‘extraordinarily aggressive’, claims Hancock

Ex-minister claims Tory peer intimated unnamed firm she was helping was being treated unfairly

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