The Latest Breaking News on Financial Services

Supply chain issues lead to £2bn in unfinished South West goods

Manufacturers across the region said Covid lockdowns in China, the war in Ukraine and Brexit had ‘exacerbated’ the problems

Birmingham Post · Dec 14, 2022

RBA boss to stay on if reappointed

Reserve Bank of Australia governor Philip Lowe says he has no plans to resign when his term is up next September.

AAP · Dec 14, 2022

Lula builds out econ team with Mercadante at BNDES, ex-banker aide to Haddad

More of Brazilian President-elect Luiz Inacio Lula da Silva's economic policy team took shape on Tuesday, with Workers Party (PT) veteran Aloizio Mercadante running development bank BNDES and a former banker taking a key role at the Economy Ministry.

Reuters · Dec 14, 2022

IMF not expected to discuss Sri Lanka before year-end -sources

The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka's $2.9 billion bailout before year-end, a key step required for the embattled country to receive funding, two sources familiar with the matter said.

Reuters · Dec 13, 2022

Bank of England to run stress tests on pension funds, insurers, and other lenders

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says

The Independent UK · Dec 13, 2022

HDFC gets nod from exchanges for transfer of NCDs to HDFC Bank

NEW DELHI: Mortgage lender HDFC Ltd on Tuesday said it has received approval from exchanges for transfer of non-convertible debentures (NCDs) to its subsidiary HDFC Bank.

The Times of India · Dec 13, 2022

Russian businessman asks London court to pause $850mln lawsuit over sanctions

A prominent Russian businessman on Tuesday asked a London court to pause an $850 million fraud lawsuit brought by two Russian banks because of UK sanctions, arguing that any money recovered could be used to “indirectly fund the war in Ukraine”.

Reuters · Dec 13, 2022

Millions of mortgage holders to see payments jump, Bank of England warns

AROUND four million mortgage borrowers are set to see their monthly payments jump ...

The National (Scotland) · Dec 13, 2022

Police looking for man after £13,000 stolen in cashpoint robberies

Police are searching for a suspect in connection with robberies in Lewisham, Lambeth, Belvedere and Bromley

Evening Standard · Dec 13, 2022

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 · Dec 13, 2022