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The Latest Breaking News on Financial Services

Tesco changes Clubcard scheme for millions of customers ahead of Christmas

Shoppers who use Tesco's new app will get coupons more frequently

Manchester Evening News

Reserve Bank's stance on household pressure is all about interpretation

Do the stats tell the whole story?

Newcastle Herald

Lifting restrictions on banking 'bonanza pay and bonuses' slammed as 'galling'

Roisin Shortall called on the Minister for Finance Paschal Donohoe to justify his decision to lift salary pay caps of €500,000 for senior bank management

Irish Mirror

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Average long-term US mortgage rates dip third week in a row

The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago

The Independent UK

FTX missing billions remain mystery after Bankman-Fried grilling

Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

Tribune News Service

Iconic Martins Bank building to reopen after 15 years in 2024 as permission granted to transform landmark

The building has been closed since 2009

Liverpool Echo

Stirling bank branch set to close in New Year as move to digital continues

The HSBC branch is one of 114 earmarked for closure next year.

Daily Record

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Newcastle International Airport seals £208m finance deal to fuel green projects

The refinance package includes a £15m loan to help the airport progress the next phases of its huge solar farm project

Chronicle Live

Are big banks short-changing consumers by failing to reduce mortgage costs?

UK high street banks are accused of not passing on benefits of money market movements to savers and borrowers

The Guardian - UK

Ex-FTX CEO Bankman-Fried says he didn’t ‘knowingly’ misuse clients’ funds

“I didn’t ever want to commit fraud on anyone. I was shocked at what happened this month,” Sam Bankman-Fried says.

Chicago Sun-Times

Newcastle International Airport seals £208m finance deal to press ahead with green projects

The refinance package includes a £15m loan to help the airport progress the next phases of its huge solar farm project

Birmingham Post

3 Stocks You Won't Regret Buying in December 2022

The Fed Chairman recently indicated a slower pace of rate increases. However, many analysts still believe the economy will face a mild recession next year. Therefore, it could be wise to invest in quality stocks with solid growth prospects, such as AbbVie (ABBV), Bristol-Myers Squibb (BMY), and Lifeway Foods (LWAY).…

StockNews.com

Approval granted to transform Liverpool's iconic Martins Bank Building

The building is expected to reopen to the public in 2024

Birmingham Post

3 Stocks That Can Help Ease Your Recession Fears

Major macroeconomic headwinds have heightened recessionary fears in the economy. Moreover, the Fed will likely keep raising rates next year as well. Amid fears of a downturn, fundamentally strong stocks PepsiCo (PEP), Humana (HUM), and Weis Markets (WMK) might be ideal investments based on their stable and consistent dividend history.…

StockNews.com

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The Times of India

Carlyle, Advent get conditional nod from RBI to own 9.99% in Yes Bank

MUMBAI: Private equity majors The Carlyle Group and Advent have got the Reserve Bank's nod to own up to 9.99 per cent in Yes Bank, the private sector lender said on Thursday.

The Independent UK

An inflation gauge tracked by the Fed slows to still-high 6%

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices

Liverpool Echo

Loose Women brand HSBC move 'sinister'

The panel argued the change will negatively affect thousands

Daily Record

Revised date for new Monklands Hospital will see it open three years later than planned

Ground works, due to start next year, have been pushed back due to financial uncertainty

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news in one place.

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StockNews.com

1 ETF to Buy Before the End of the Year and 1 to Sell

Fed Chair Jerome Powell has assured a slowdown in rate hikes might commence in December. Benchmark indices gained substantially over the Fed Chair's comments. Moreover, broader market gains from a Santa Claus rally are expected. Therefore, investors could consider buying the quality ETF Invesco Senior Loan (BKLN) before the end…

The Guardian - UK

Tracy Corrigan appointed to The Scott Trust

The Scott Trust, shareholder of Guardian Media Group, announces the appointment of former media executive and journalist Tracy Corrigan to its board.

Evening Standard

The “gamification” of the stock market -- why watchdogs are worried

The City regulator is worried about the “gamification” of the stock market. What does that mean?

Chronicle Live

Santander, Nationwide, Lloyds and HSBC scam warning with all customers 'at risk'

An investigation has found that customers at several major UK banks could be vulnerable to a "particularly malicious" form of fraud

Nottingham Post

HSBC, TSB, Santander, Lloyds Bank, Nationwide and Virgin Money warning to customers

An investigation has taken place

Daily Record

Full list of HSBC branches closing next year - including Scottish locations

Locations in Scotland are included in the UK-wide branch closure.

Wales Online

Tesco makes big change to Clubcard coupons ahead of switching off app

The old standalone Clubcard app will be closing in 2023

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