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The Latest Breaking News on Financial Services

Senate Democrats to reportedly push banking reforms for cannabis industry

Justice department is scrutinizing measures’ implications on law enforcement investigations and prosecutions

The Guardian - US

'I don't want empty shops to be blighting Whitley Bay' - Councillor decries HSBC branch closure

Whitley Bay, Gosforth, and South Shields branches all face closure under new plans to shut 114 branches with the loss of 100 jobs

Chronicle Live

All eyes on last cash rate call for 2022

The Reserve Bank board will meet for its December cash rate decision next week and Australia's economic growth for the third quarter will be revealed.

AAP

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Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

The Guardian - UK

Brexit has fuelled surge in UK food prices, says Bank of England policymaker

Britons need to be kept aware of the cost of leaving the EU, says Swati Dhingra

The Guardian - UK

Crypto's Enron-sized scandal threatens to undermine its core reason to exist

The crypto industry was already facing a trust deficit, and this has set it back far.

Axios

RBI's Digital Rupee A "Game Changer", Says SBI Chairman Dinesh Khara

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI Chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs. Read on for details:

Dynamite News

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Banks prudently mull rate adjustment

Banks are taking their time before making any decision on adjusting loan rates as next year there are several risks, particularly concern about a global recession and swelling household debt, despite reports of Thailand's economic recovery.

Bangkok Post

Credit card loyalty is costing Australians

Australians who don't shop around for new credit cards are leaving money on the table, according to a leading consumer research group.

AAP

When is the next UK interest rate announcement and will they go down in 2024?

Interest rate announcements affect millions of homeowners with variable-rate mortgages

Evening Standard

Edinburgh's Union Canal could carry freight under plan for delivery hubs to cut traffic

The plans would replicate moves seen in other major European cities, and could also see the city's trams used to bring freight into the city.

Edinburgh Live

Is This Stock Still an Attractive Energy Play This Winter?

Devon Energy (DVN) surpassed consensus estimates in its 2022 third quarter. However, DVN has lost almost 12% over the past month amid multiple analyst downgrades, falling demand, and low energy prices. Is the energy stock still an attractive buy this winter? Let's find out….

StockNews.com

Digital rupee a game changer, says SBI chairman Dinesh Khara

NEW DELHI: SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs.

The Times of India

Merseyside road still closed weeks after sinkhole opened

United Utilities have said they are waiting on "permission" to fix the sinkhole

Liverpool Echo

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StockNews.com

4 Stocks That Can Help Fire up Your Portfolio This Winter

Recent data indicates the signs of slowing down inflation. Additionally, the Fed is leaning toward slowing its pace of rate hikes. Amid this, fundamentally strong stocks Johnson & Johnson (JNJ), CVS Health (CVS), Douglas Dynamics (PLOW), and Genie Energy (GNE) might be ideal additions to your portfolio this winter. Continue…

Salon

Trump Org throws Weisselberg under bus

"The purpose of Mr. Weisselberg’s crimes was to benefit Mr. Weisselberg," a Trump Org lawyer said in court

Liverpool Echo

Southport arcade that looks like 'a scene from Final Destination' will be transformed

Last year, the arcade was describedby one business tenant as “like a scene out of Final Destination where you think you might get stabbed by a pane of glass”

Daily Record

Perth library selected as one of the first in Scotland to host new 'lend and mend' service

AK Bell Library is set to introduce the service encouraging the local community to repair, reuse, rent and upcycle items with free access for everyone to keep goods in use for longer rather than them being thrown away

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Manchester Evening News

Greater Manchester council invested up to £10m with Qatar National Bank

The authority deposited between £5m and £10m with the state lender during various periods

The Times of India

Global economy must start bracing for low inflation, says Raghuram Rajan

The global economy could go back to a low inflation regime and central bankers pursuing restrictive monetary polices should keep that in mind, said Raghuram Rajan, a former governor of Reserve Bank of India (RBI).

Bangkok Post

Central bankers fear more volatile inflation

The global economy may be headed for a new era of volatile inflation, making it even more crucial to anchor expectations about where prices are headed, top central bank governors meeting in Bangkok warned on Friday.

Liverpool Echo

Plans to convert food bank to takeaway withdrawn after being branded a 'disgrace'

There were a flurry of objections from neighbours

Edinburgh Live

Santander, HSBC, Nationwide, Lloyds Bank and TSB customers warned over fraud protection levels

Which? tested the effectiveness of the leadings banks scamming protection after a survey found 68 per cent of victims faced spoofing calls when initially approached by fraudsters.

Glasgow Live

Santander, HSBC, Nationwide, Lloyds Bank and TSB customers issued protection warning

Consumer group Which? tested the effectiveness of five leading banks and their consumer protection levels as fraudsters continue to use spoofing calls and emails to fool victims.

Birmingham Post

East Yorkshire to welcome one of the first UK banking hubs

Former Lloyds branch relaunching to curb impact of run of closures as customer numbers make individual outlets unviable

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