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The Latest Breaking News on Financial Services

Benchmark indices fall in early trade after three-day rally

MUMBAI: Equity benchmarks fell in early trade on Friday, halting their three-day rally, amid a largely weak trend in other Asian markets.

The Times of India

DWP Cost of Living payment update for people who didn't get any money

The Government announced financial support for millions of people earlier this year

Liverpool Echo

Michelle Mone clapped for the NHS while allegedly lobbying for PPE deals worth £200million

The Tory peer posted videos supporting the NHS while she lobbied for contracts with the government.

Daily Record

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Jeffrey Epstein victims sue JP Morgan Chase, Deutsche Bank under NY Adult Survivor Act

Jeffrey Epstein victims sued JP Morgan Chase and Deutsche Bank on Thursday under a new New York law that lifts the statute of limitations for sex abuse and assault lawsuits.

Tribune News Service

Sydney executive guilty of huge NAB fraud

Sydney woman Helen Mary Rosamond will remain on bail after being found guilty over a multimillion-dollar NAB fraud.

AAP

Senator raises concerns over lack of checks for crypto businesses seeking financial services licences

Andrew Bragg says businesses promote themselves as regulated – despite there being no regulation of cryptocurrency in Australia

The Guardian - AU

Royal Mail's £2bn to shareholders as it refuses staff decent pay rise and plans jobs axe

Royal Mail has dished out £1.9billion to shareholders since it was privatised in 2013 and chief executive Simon Thompson got a pay and perks deal worth £753,000 in its last financial year

Daily Mirror

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Amlo to investigate two brokers in MORE case

The Anti-Money Laundering Office (Amlo) plans to investigate two brokers in the More Return Plc (MORE) share transactions case for failing to comply with Amlo's instructions for reporting risky transactions.

Bangkok Post

KBank foresees stronger baht next year

Kasikornbank (KBank) believes the baht will strengthen next year, dependent on internal factors after the US Federal Reserve eases its policy rate hikes.

Bangkok Post

Krungsri takes 75% stake in Home Credit

Bank of Ayudhya (Krungsri) announced yesterday the 75% majority stake acquisition of the consumer finance business of Home Credit in Indonesia and the Philippines, with an initial total consideration of €473.9 million (17.7 billion baht).

Bangkok Post

Vatican court hears secret recording of pope on hostage fees

The Vatican tribunal weighing a financial fraud case has heard from an unusual witness

The Independent UK

Epstein victims sue several major banks accusing them of aiding his sex-trafficking operation

Victims say JP Morgan and Deutsche Bank ‘facilitated’ late paedophile’s crimes

The Independent UK

How to keep safe from scams this Christmas as experts issue advice

The festive season is prime time for scammers to take part in identity theft and steal from their victims.

Daily Record

Ireland's Donohoe unopposed in bid for second term as Eurogroup Chief

Irish Finance Minister Paschal Donohoe is on course to be elected president of the Eurogroup in December for the second time after the group of euro zone finance ministers on Thursday said no one else had applied for the job.

Reuters

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Evening Standard

Met Police to text fraud victims: What to do if you’re contacted and how to know if it’s legitimate

At one stage, almost 20 people every minute were being contacted by scammers hiding behind false identities using spoofing website iSpoof.cc.

Glasgow Live

Urgent police text warning as people urged not to ignore message

The Metropolitan Police are sending out around 70,000 texts to people across the country in the coming days, with those in Scotland now being reassured that the texts are not fraudulent.

StockNews.com

3 Strong Buy Stocks to Continue to Hold Onto in 2023

As the Fed’s aggressive monetary policy resulted in slightly cooled inflation last month, investors are hopeful of smaller rate hikes ahead. However, since a recession is expected to hit the economy next year, we think fundamentally sound stocks Pfizer (PFE), Flowers Foods (FLO), and Xperi (XPER), which are rated Strong…

Daily Record

Why you shouldn't ignore this text message from police over the next 48 hours

People are being urged not to ignore the texts, as it will help the police to track down any scammers.

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Reuters

China banks pledge $162 billion in credit to developers, shares rally

China's biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease a stifling cash crunch in the sector and triggering a rally in property shares.

The Times of India

Issuers of municipal debt securities can issue green bonds: Sebi

NEW DELHI: Capital markets regulator Sebi on Thursday said issuers of municipal debt securities can issue green bonds in compliance with rules governing issue and listing of non-convertible securities.

The Times of India

Lagged data, frequent reviews make monetary policy's task challenging: RBI deputy governor Michael Patra

MUMBAI: Reserve Bank deputy governor Michael Patra on Thursday said formulating monetary policy is a challenging task in a volatile environment like the current one, given lagged data inputs, which are also frequently reviewed.

Birmingham Post

Tyne Bank Brewery collapsed with liabilities of £350k as crowd investors set to lose out

The brewery - which has now been rescued from closure - ran into difficulties when trade did not recover to pre-Covid levels

Glasgow Live

Manager of Lebowski's embezzled £19,000 from popular Glasgow pub

James Killen, 36, stole the cash from Lebowski's in Glasgow's Finnieston between October 22 and 30, 2018. Killen was employed as the general manager at the time.

Daily Record

Lebowski's manager embezzled £19,000 from popular Glasgow bar

James Killen, 36, was caught after an audit revealed thousands was missing from the coffers.

The Guardian - UK

Interest rate cut possible if economy demands, says Bank policymaker

Deputy governor Dave Ramsden makes comments as CBI snapshot predicts tough winter for UK factories

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