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The Latest Breaking News on Financial Services

HSBC set to introduce huge rate increase for people with a savings account this week

The bank is introducing some impressive changes from December 1.

Daily Record

RBI to launch first pilot for retail digital rupee on December 1

NEW DELHI: The Reserve Bank of India (RBI) is all set to launch it first pilot for retail digital rupee (e₹-R) on December 1.

The Times of India

Editorial: Congress should clear way for marijuana businesses to bank

If you ask any security consultant about one of the biggest physical security risks a business can take, high up on the list would be having huge piles of cash lying around. If you ask a business consultant what one of a small business’ biggest commercial risks might be, they…

Tribune News Service

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

Editorial: Biden is making the student loan mess worse

President Joe Biden has often described his plan to cancel some federal student-loan debts as a “game changer.” In one sense, this policy has indeed proved transformative — by making a bad system worse.

Tribune News Service

Japan's extra budget passes lower house, defence spending in focus

Japan's second supplementary stimulus budget for this fiscal year, amounting to 29 trillion yen ($210 billion), cleared the lower house of parliament on Tuesday, paving the way for final approval in the upper chamber this week.

Reuters

GIFT City: India's free-market oasis aims to take on Singapore and Dubai

AHMEDABAD: India's newest financial hub is rising from scrubland near the banks of the Sabarmati River once dominated by marsh birds and grazing buffalo.

The Times of India

How to build wealth when you don't own your home

Darla Kashian recalls closing on her first home, then getting laid off the next day.

Tribune News Service

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Thousands sign petition to expel Michelle Mone from House of Lords

The life peer reportedly received £29 million from a PPE firm that won a major government contract

Wales Online

Impeachment talk at Trump Org. trial: Did witness misspeak?

There was talk of impeachment at the Trump Organization’s criminal tax fraud trial

The Independent UK

Failure to name firms receiving Covid loans hurts trust in UK, BBB tribunal told

‘Woefully inadequate’ due diligence controls to deter fraud cited in challenge to British Business Bank

The Guardian - UK

$1.4b in superannuation tied up in 'wild west' cryptocurrency as the FTX fallout continues

Mum and dad investors including pensioners are facing big losses on their savings, as the ripple effect from the collapse of global cryptocurrency exchange FTX continues.

ABC News

Top economist Mohamed El-Erian says inflation could get 'stuck' at an uncomfortably high number because of supply chain issues and a 'change in globalization'

Mohamed El-Erian says that inflation may get stuck at 4% as the global economy goes through a “profound” shift—and warns investors not to fall in love with the “short and shallow” recession theory.

Fortune

Government bank only called in fraud squad after 80% of Covid loans had been handed out

Rishi Sunak is accused of failing to do enough to stop taxpayer cash being wasted after it emerged £1.1billion was lost to fraud and error from the bounce back loans scheme for small businesses

Daily Mirror

Europe's inflation likely hasn't peaked, ECB's Lagarde says

The head of the European Central Bank says she doesn't believe inflation has peaked after reaching the highest levels on record

The Independent UK

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The Guardian - UK

Crypto lender BlockFi files for bankruptcy after FTX collapse

BlockFi announces Chapter 11 bankruptcy filing in US as fall of FTX continues to reverberate across industry

Birmingham Post

Rab and Lowe Alpine owner expanding global reach with multi-million pound backing

The two brands supply everything from cold weather wear to climbing gear, backpacks, boots and sleeping bags

Liverpool Echo

HSBC message to anyone with a savings bank account

Several savings and current account providers have tweaked rates

StockNews.com

5 Stocks Investors Can Hold Onto Forever

Although the stock market remains highly volatile due to high inflation levels and the Fed’s aggressive monetary policy stance, analysts believe consumer prices will significantly decline in 2023. Moreover, the Fed also signaled slower rate hikes ahead. So, fundamentally strong stocks, AbbVie (ABBV), CSX Corporation (CSX), Waste Management (WM), Stellantis…

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news in one place.

100’s of premium titles.
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Belfast Live

Scammers target terminally ill Northern Ireland elderly man into paying out life savings

They repeatedly cold-calling at his door over a 10-day period

Axios

Crypto lender BlockFi files for Chapter 11 bankruptcy protection

The crypto lender is the latest casualty of FTX's contagion

The Times of India

Why slower growth may be good for India

India’s annual economic growth is forecast to slow to about 6% for a few years, according to economists including from Goldman Sachs Group and Barclays.. And they say that’s not such a bad thing.

The Times of India

Bank credit grows at 17.2% in September quarter: RBI data

MUMBAI: Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities.

The Times of India

GDP may print at 5.8% in Q2: SBI Research

MUMBAI: Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates.

Chronicle Live

HMRC files petition to wind up former Sunderland shirt sponsor Great Annual Savings

Great Annual Savings said it is 'disappointed' in the move by the Government department

Birmingham Post

HMRC in High Court bid to wind up Seaham energy broker Great Annual Savings

Great Annual Savings says the petition has come while it launches a restructure with help from two top business advisory firms

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