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The Latest Breaking News on Financial Services

Investing in the stock market is not like playing Call of Duty

City Comment: The new breed of trading apps appeal to a dangerous delusion

Evening Standard

HSBC urged to reconsider Arnold branch closure that will have a 'detrimental impact'

"This proposed closure will disproportionately disadvantage older, disabled, financially excluded and socially isolated customers."

Nottingham Post

Financial advisors buy into the Highlands

Edinburgh firm's fifth acquisition in recent years picks off wealth management arm of Inverness law firm

Insider UK

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Banker bonuses in doubt as profits sink 99% at Peel Hunt

PROFITS at Peel Hunt crashed 99.7% in the half-year, a brutal sign of how tough life has been for City brokers lately.

Evening Standard

NBN losses to reach $25bn by 2040, report finds

Adoption of ‘multi-technology mix’ model and decision to preference regions in rollout cited as major factors in reported losses

The Guardian - AU

Board of the Investment Corporation of Dubai Announce Record Financial Results for H1 2022

The Board of the Investment Corporation of Dubai (ICD) approved ICD’s consolidated financial results for the six months ended 30th June, 2022. The Board of Directors meeting was chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Chairman of…

Asharq Al-Awsat

British foreign policy is in flux – we need more than Sunak’s pragmatic blandness

The country is not a superpower, its strategic future lies in Europe, its reputation is in tatters. Does the PM get this?, asks Guardian columnist Martin Kettle

The Guardian - UK

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Upsurge in children being exploited online

Children and parents are being warned of a surging new trend in overseas criminals conning victims into online sexual exploitation and then blackmailing them.

AAP

Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds

The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly” misuse customers' funds

The Independent UK

Bankman-Fried apologises, says didn't 'try to commit fraud'

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

Bangkok Post

Fed will work to reduce inflation 'until the job is done': Board governor

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

Tribune News Service

Australian Federal Police Operation Huntsman shuts down organised crime syndicates exploiting children

Hundreds of Australian bank accounts linked to offshore organised criminals who are sexually extorting Australian teenagers are shut down as part of an AFP operation.

ABC News

London bus strike called off as drivers consider last-minute pay offer

A three day strike of more than 2,000 London bus drivers has been called off after a last-minute pay offer.

Evening Standard

U.S. seeks $5.4 million from Russian businessman Malofeyev's account

Prosecutors on Wednesday moved to confiscate $5.4 million from a U.S. bank account belonging to Russian businessman Konstantin Malofeyev, who Washington has accused of financing separatists in eastern Ukraine and Crimea and imposed sanctions on him.

Reuters

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The National (Scotland)

HSBC announces Dundee branch among more than 100 bank closures across the UK

HSBC has said that around 100 staff could leave the bank as a result of plans to axe 114 UK branches from April next year.

StockNews.com

2 Defensive Stocks That Deserve a Spot in Your Portfolio

Despite widespread market volatility and rising recession fears, the U.S. economy looks resilient enough to deal with a palpable growth slowdown. Experts are hopeful that the broader markets will stabilize eventually. Amid this, investors should exercise caution and consider adding fundamentally strong and defensive stocks Altria Group (MO) and Sprouts…

The Guardian - US

Federal Reserve to slow interest rate rises as it tackles 40-year inflation high

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period

StockNews.com

3 Safe-Haven Stocks It's Never a Bad Idea to Own

The Fed’s aggressive monetary policy stance created immense recession fear until the inflation showed signs of cooling down in October, and the policymakers hinted at a slower pace of rate hikes. Amid such an uncertain macroeconomic scenario, investors could consider buying safe-haven stocks Johnson & Johnson (JNJ), The Coca-Cola Company…

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news in one place.

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Tribune News Service

Fraud on payment app Zelle is on the rise. How can you stay safe?

People are increasingly falling victim to fraud on the payment service Zelle, lured by scammers impersonating bank officials via text message or phone call — and in response to the prevalence of fraud, some banks are responding with a plan to reimburse scammed customers.

Nottingham Post

CCTV appeal after Mansfield derelict building fire

Police are keen to speak to a woman in connection with their investigation

Al Jazeera

India GDP halves in September quarter as COVID distortions fade

Economists warned that growth momentum may ease in the December quarter due to higher interest rates, slowing exports.

Liverpool Echo

Bank manager stole thousands from widow who was 'sick with worry'

Michael Roberts struggled with a gambling addiction and had debts

Evening Standard

HSBC bank closures: Full list of closures in London and the UK

What HSBC branches are closing across London and when?

StockNews.com

3 Stocks You'll Be Thankful You Own This Winter

Amid cooling inflation, the Fed is most likely to lower its pace of rate hikes over the next months. However, inflation could still remain relatively high next year. Hence, fundamentally strong stocks Lowe's Companies (LOW), Centene Corporation (CNC), and Kroger (KR) might be ideal investments for this winter. Read more.

Belfast Live

PSNI investigating after alleged fuel thefts from two petrol stations

The alleged incidents happened in Comber and Bangor

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