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The Latest Breaking News on Financial Services

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

Evening Standard

Royal Mail workers to go ahead with strikes before Christmas after rejecting pay offer

CWU members to strike on dates around Black Friday and Christmas after spurning ‘final’ pay offer up to 9%

The Guardian - UK

Royal Mail workers’ strike to go ahead on Thursday and Friday

‘Best and final’ pay offer rejected as disruption set to hit Black Friday shopping

The Independent UK

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read the most diverse news in one place.

Millions start getting second cost-of-living payment

'People don't need to do anything to receive this extra help'

Nottingham Post

Zelle users have been scammed out of thousands. How to avoid being targeted on money apps

Money transfer apps are a convenient way to send and receive money, but scammers can use them to steal your funds.

Tribune News Service

London Mayor Sadiq Khan performs U-turn on major bus cuts

The Mayor of London announced that just three routes will be axed, after proposing to scrap 22 services in June.

The Independent UK

Martin Lewis issues 8-day warning as millions of Tesco Clubcard vouchers to expire

The financial guru has warned that shoppers that any vouchers issued in November 2021 are set to expire in just eight days.

Daily Record

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Warning to Tesco, Asda and Aldi shoppers who pay in cash

Barclays, HSBC and Santander could also be affected

Liverpool Echo

Martin Lewis urges Tesco shoppers to use '50 trick' before the end of the month

The money saving expert explained the hack on the latest episode of his ITV show, telling viewers they risk loosing their club card points if they don't act swiftly.

Edinburgh Live

£30m refinancing deal agreed for Yate shopping centre

The site is home to a number of major brands including Tesco, Next and Poundland

Birmingham Post

Ward Hadaway reveals turnover growth amid investment

The Tyneside-based law firm said it had a strategy despite economic uncertainty

Birmingham Post

Credit Suisse expects Q4 pre tax loss of up to $1.58 billion

ZURICH: ZURICH: Credit Suisse expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion) during its fourth quarter, the embattled Swiss bank said, as it prepares to ask shareholders permission for a $4 billion equity hike.

The Times of India

Santander asked if I was pregnant, then it cut our mortgage offer

Its terms and conditions state it does not discriminate

The Guardian - UK

Sydney executive guilty over NAB fraud

A jury has found a Sydney event company director guilty on 69 counts of fraud which saw more than $14 million in kickbacks sent to a now jailed NAB staffer.

AAP

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Tribune News Service

Ex-South Carolina banker Russell Laffitte found guilty in fraud trial that put Murdaugh in spotlight

CHARLESTON, S.C. — Former South Carolina bank CEO Russell Laffitte was found guilty Tuesday night on all six counts of conspiracy, bank and wire fraud and misapplication of bank funds, ending a three-week trial that also put disgraced attorney and accused murderer Alex Murdaugh in the spotlight.

Insider UK

Equity investment in Scotland’s smaller businesses rises despite economic headwinds

Report also finds that smaller businesses in deprived areas are being stifled by a lack of access to finance

Bangkok Post

SAM preps B2.5bn to buy loans

Sukhumvit Asset Management Co Ltd (SAM) is in the process of issuing debentures worth 2.5 billion baht as part of a plan to purchase bad assets next year.

Chicago Sun-Times

President Biden to extend student loan pause until June 30 as court battle drags on

The moratorium was slated to expire Jan. 1.

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news in one place.

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Caixin Global

Sunshine Insurance Wins HKEX Approval for $1 Billion IPO

Share sale would be the first by an insurance company in the past five years as the industry faces challenges from the pandemic and restructuring

StockNews.com

1 Financial Services Stock to Buy This Week and 2 to Sell

The broader macroeconomic headwinds have dampened the growth of the financial services industry this year. While fundamentally weak financial services stocks SoFi Technologies (SOFI) and Exela Technologies (XELA) are expected to remain under pressure, continued technological advancements should help Forrester Research (FORR) stay resilient. Keep reading….

The New Daily

Michael Pascoe: Interest rates won’t work like they used to

The RBA board should be thinking very, very seriously about before lifting interest rates again, Michael Pascoe writes.

Daily Record

Santander launches current account to replace 123 Lite with 4% interest and £20 cashback a month

The catch with both the linked savings deal and the monthly cashback is a £3 monthly fee.

Birmingham Post

Insolvency body R3 warns of threats to North East businesses

The trade body was speaking after a big surge in both corporate and personal insolvencies

Edinburgh Live

East Lothian Council financial pressures pose 'highest risk ever'

New measures to tackle rising costs include a freeze on filling non essential vacancies, turning down the thermostats in public buildings, suspending some capital projects and mothballing some buildings.

Dublin Live

Gardai warn of 'bank jugging' ahead of Christmas period

They have warned customers to be vigilant when entering and leaving banks

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