The Latest Breaking News on Financial Services

Bank of America CEO says the latest jobs report supports his prediction of a 'mild' recession

“The belief was when the Fed started raising rates that there would be an immediate snap to the economy,” Brian Moynihan said. “That didn't happen.”

Fortune · Dec 5, 2022

Indonesia central bank says digital rupiah currency can be used in metaverse

JAKARTA: Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.

Bangkok Post · Dec 5, 2022

Financial instability: the hunt for the next market fracture

Investors are keeping a close eye on areas ranging from US Treasury market illiquidity to Japanese government debt

Financial Times · Dec 5, 2022

Grattan Institute calls for overhaul of ‘failed’ Medicare system

Medicare has failed and needs a complete overhaul as it no longer provides for Australians' health needs, says a damning new report. Forty years after the

The New Daily · Dec 4, 2022

Rail employers hope to avert Christmas strikes with latest pay offer to unions

Th Rail Delivery Group said it had offered an 8% pay rise over two years plus a guarantee of no compulsory redundancies to April 24.

The Independent UK · Dec 4, 2022

Saudi Exchange Launches Market-Making Framework

Saudi Arabia's stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. "Market Makers have to ensure the availability of…

Asharq Al-Awsat · Dec 4, 2022

Fears Arnold is being 'ruined' as HSBC announces closure of town centre bank

'I think they should keep it open, they have managed to all these years'

Nottingham Post · Dec 4, 2022

Ukrainian Woman Accused of Helping Lebanon’s Central Bank Governor Fund Embezzlement

The French Judiciary indicted a Ukrainian woman, who was said to be close to the governor of Lebanon’s Central Bank, Riad Salameh, as part of its investigation into the latter’s wealth in France. AFP quoted a French judicial source as confirming that the charges against Ukrainian Anna Kozakova, 46, include…

Asharq Al-Awsat · Dec 4, 2022

Half a million small business employees to get extra 2.5 days annual leave at Christmas

Nearly half of small and medium businesses will host festive parties for their employees this Christmas - as two in five believe this is good for staff retention

Daily Mirror · Dec 4, 2022

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 · Dec 3, 2022