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The Latest Breaking News on Financial Services

Student loan forgiveness “highly unlikely” as Supreme Court reviews case, says expert

December 1st 2022, the federal Supreme Court rejected President Biden’s immediate request to revive his student debt relief plan. The court will review oral arguments in February 2023 and then determine whether the leading lawsuit against the program has merit.

Tribune News Service

Rs 200 Cr Money Laundering Case: Delhi court adjourns Actor Jacqueline Fernandez’s Hearing Till 20 December

A Delhi Court on Monday deferred the arguments on charge in Rs 200 crores money laundering case related to Sukesh Chandrasekar and Bollywood actress Jacqueline Fernandes. Read on for details:

Dynamite News

Bank of England expected to further increase interest rates

Interest rates could shoot to 3.5 per cent from next week following a meeting of the Monetary Policy Committee

Manchester Evening News

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Metro Bank fined £10m for misleading investors

FCA also penalises two of challenger bank’s former top executives

The Guardian - UK

Bombay HC grants interim bail to Sena MLA's aide in money laundering case

MUMBAI: The Bombay High Court on Monday granted interim bail to an aide of Shiv Sena (Eknath Shinde faction) MLA Pratap Sarnaik in a money laundering case being probed by the Enforcement Directorate (ED).

The Times of India

US banks named as being among least ethical UK operators

A new study scores the best and the worst accounts based on key issues such as climate and tax avoidance

The Guardian - UK

Madhya Pradesh: ED starts money laundering probe against BP Food Products

BHOPAL: Enforcement directorate has started a money laundering probe against the directors of Gwalior-based BP Food Products Private Limited in connection with a fraud case.

The Times of India

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Britain's GDP grows 0.5% in Oct: statistics office

LONDON: Britain's economy grew 0.5% in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.

Bangkok Post

UK economy returns to growth as GDP rises 0.5% in October

Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession

The Guardian - UK

What has Barclays done with my £50,000 after post-Brexit changes?

I kept the account when I moved to Greece, but the bank closed accounts held by non-UK residents

The Guardian - UK

Which HSBC, Lloyds, Santander, Natwest, Barclays and Halifax branch are closing

54 branches are closing every month bringing the total to 5,355 since 2015

Wales Online

'A glimmer of hope': NatWest boss on why North West businesses can be optimistic despite looming recession

The headline North West PMI Business Activity Index registered 48.5 in November, little-changed from October’s 48.4

Birmingham Post

Contraction across Scotland's private sector gathers pace in November

Latest RBS research shows a sharper decline in new orders, as business sentiment weakens in November

Insider UK

Spike in use of gambling blocks to curb overspending amid income squeeze

Online bank Monzo revealed that it has seen 50,000 of its customers utilise its gambling block tool for the first time over the past six months.

The Independent UK

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Bangkok Post

Thais willing to share data to enable better online banking

The majority of Thai consumers want a better digital banking experience, with more than half willing to share and have their data collected by service providers to improve their experience, according to a recent survey.

Salon

Wall Street reneges on climate promises

Vanguard, the world’s second-largest asset manager, announced it is resigning from a global net-zero initiative

Chicago Sun-Times

Faith leaders helping bring credit union to Austin, a ‘game changer’ for West Side

Partnership will bring local checking, savings accounts and other financial services for the first time in years to Austin, where nearly 1 out of every 3 adults don’t have a checking or savings account, according to the Chicago Health Atlas.

Daily Mirror

Homeowners face mortgage hike as Bank of England prepares to raise interest rates in days

The Bank of England is expected to increase its base interest rate from 3% to 3.5% at a meeting this Thursday, which would hit homeowners with variable mortgages

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news in one place.

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Wales Online

Bank of England to hike mortgage repayments again next week

Interest rates to be raised another half of a per cent

The National (Scotland)

More mortgage pressure as Bank of England 'to raise interest rates' further

THE Bank of England is expected to raise interest rates even higher next week at its next meeting, putting further pressure on mortgages.

Liverpool Echo

Numbers you should never answer if they ring or text

Scammers are becoming more and more deceitful

Asharq Al-Awsat

US Presses UN on Israeli Settlement Business Blacklist

The United States said Friday it was pressing the United Nations not to update a blacklist of companies doing business in Israeli settlements, despite Washington's calls on its ally to stop expansion in occupied Palestinian territory. The State Department confirmed that it had approached the UN human rights office with…

Reuters

IMF chief Georgieva cites 'fruitful exchange' with China on debt issues

International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.

Reuters

U.S. sanctions officials close to El Salvador's Bukele for alleged corruption

The United States sanctioned several Central American officials it accused of possible corruption in their respective countries on Friday, including two politicians close to El Salvador's President Nayib Bukele.

StockNews.com

3 Terrible Stocks You Need to Sell Before 2023

The prevailing high inflation and continued interest rate hikes triggered fears of a recession and dampened investor sentiment. Amid such uncertainties, it could be wise to steer clear of fundamentally weak stocks Affirm Holdings (AFRM), Cano Health (CANO), and Faraday Future Intelligent Electric (FFIE). Continue reading….

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