The Latest Breaking News on Financial Services

Bank of Ayudhya (Krungsri) announced yesterday the 75% majority stake acquisition of the consumer finance business of Home Credit in Indonesia and the Philippines, with an initial total consideration of €473.9 million (17.7 billion baht).

Kasikornbank (KBank) believes the baht will strengthen next year, dependent on internal factors after the US Federal Reserve eases its policy rate hikes.

At one stage, almost 20 people every minute were being contacted by scammers hiding behind false identities using spoofing website iSpoof.cc.

The Metropolitan Police are sending out around 70,000 texts to people across the country in the coming days, with those in Scotland now being reassured that the texts are not fraudulent.

As the Fed’s aggressive monetary policy resulted in slightly cooled inflation last month, investors are hopeful of smaller rate hikes ahead. However, since a recession is expected to hit the economy next year, we think fundamentally sound stocks Pfizer (PFE), Flowers Foods (FLO), and Xperi (XPER), which are rated Strong…

People are being urged not to ignore the texts, as it will help the police to track down any scammers.

China's biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease a stifling cash crunch in the sector and triggering a rally in property shares.

The brewery - which has now been rescued from closure - ran into difficulties when trade did not recover to pre-Covid levels

James Killen, 36, stole the cash from Lebowski's in Glasgow's Finnieston between October 22 and 30, 2018. Killen was employed as the general manager at the time.