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The Latest Breaking News on Financial Services

Nigeria launches new banknotes to help curb corruption

Regulators have said January 31 is the deadline for old notes to either be used or deposited at banks.

Al Jazeera

Tory peer Michelle Mone's family 'secretly received £29m from PPE firm'

THE Conservative peer Michelle Mone and her children received £29 million from the profits of a PPE business which was awarded large government…

The National (Scotland)

B60bn savings-bond issue planned

The Finance Ministry plans to sell 60 billion baht worth of government savings bonds next month to help finance the budget deficit, the Finance Ministry said on Thursday.

Bangkok Post

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Bank of England deputy governor could vote to cut interest rates if inflation pressures ease – as it happened

Sir Dave Ramsden expects to vote to keep raising borrowing costs, but sees potential for rate cuts if persistent inflation stops being a worry

The Guardian - UK

Analysis-Italy's Meloni and the technocrats - a difficult power balance

Having spent much of her career railing against bureaucrats and financial elites, Italy's new right-wing Prime Minister Giorgia Meloni now has to get them on side - and it is not proving easy.

Reuters

Shanghai Composite Index Fell 0.25% on Thursday

Shenzhen Component Index closed down 0.15%

Caixin Global

Review panel pledges to revitalise RBA

An independent panel set up to examine the Reserve Bank of Australia says it will make recommendations to "revitalise" the central bank.

AAP

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Abandoned Edinburgh building to be taken over for five-day music and arts festival

Having recently transformed the former Royal High School building on Regent Terrace for a similar event, the disused Scottish Widows building on Dalkeith Road will now be given a new lease a life

Edinburgh Live

Fighting an exodus, Hong Kong faces a tough task to lure back young people

New visas and other measures aim to entice people after 140,000 workers fled Hong Kong amid a security crackdown

The Guardian - AU

China Designates First Seven Investments for Personal Pension System

Consumers can buy into offerings from China Life, People’s Insurance, Taiping Life, Taiping Pension, Taikang Life and National Pension

Caixin Global

Thousands defrauded in £48m hoax which let scammers impersonate high street banks

More than 200,000 potential victims in the UK alone have been directly targeted through fraud website

The Independent UK

100 people arrested in UK’s biggest fraud investigation

Scotland Yard shuts down iSpoof website, which helped scammers steal using fake bank phone calls

The Guardian - UK

KBank to focus on family wealth planning

KBank Private Banking, the wealth management service under Kasikornbank (KBank), plans to focus on family wealth planning next year, in line with higher demand for the service as the landscape for family wealth changes.

Bangkok Post

New owners poised to take over West Suburban Medical Center, Weiss Memorial Hospital

Resilience Healthcare and Ramco Healthcare Holdings are expected to assume control over operations of the hospitals by next week.

Chicago Sun-Times

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The Guardian - UK

Threat to UK financial services watchdogs off the table

Government ‘committed’ to financial regulators says City minister

StockNews.com

1 Hospital Stock to Buy for the Next Decade and 1 to Sell

Growing prevalence of chronic diseases and rising medical needs, the hospital sector is expected to thrive in the coming decade. With increasing healthcare expenditure, hospital stocks are slated to flourish in the long term. While investors could consider buying quality hospital stock HCA Healthcare (HCA) for the long term, fundamentally…

The Conversation

Don't cut them off: low-performing students benefit from continued access to loans

Over the past decade, there has been a growing debate about the value of student loans and the long-term impact of debt for those entering the workforce – particularly for students who struggled to complete their studies.

The Independent UK

Nigeria hopes new currency notes curb inflation, corruption

Nigeria has unveiled newly designed currency notes that the West African nation’s central bank says will help curb inflation and money laundering

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WEKU

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

Newsroom.co.nz

‘I had serious concussion, bad credit and $15,000 debt’ – abuse survivor

Parliament is urged to make an immediate law change to protect those who suffer economic abuse in relationships

The Independent UK

Banker for Alex Murdaugh convicted of bank fraud charges

A banker charged with helping disbarred attorney Alex Murdaugh take money from the legal settlements of clients has been found guilty of wire and bank fraud charges in South Carolina

Daily Mirror

Vision Express worker stole £75,000 from company to fund his gambling addiction

Ravinder Saini, of Nottingham, put his bank details on official documents while working at the head office for Vision Express but was found out when colleagues checked

Bristol Post

Bristol's Central Library could move to former Debenhams building, say council chiefs

Bristol City Council's libraries budget is being slashed by a third as authority faces massive cuts to balance its books

Irish Mirror

Warning issued to Irish Tesco Clubcard owners before vouchers expire in just 7 days

Money saving expert Martin Lewis explained that any vouchers issued in November 2020 will expire on November 30, 2022

Evening Standard

Virgin Money pulls all its 5% deposit mortgage deals in new blow to first time buyers

Move thought to be linked to negative equity fears

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