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The Latest Breaking News on Financial Services

2 Stocks to Buy for Beginners to Get Started

Despite the macro issues, many believe the U.S. economy might achieve a ‘soft landing.’ Moreover, amid surging optimism, the S&P 500 could pull off a year-end rally. However, as uncertainty remains, beginners with little money could consider investing in quality stocks AT&T (T) and Berry Corporation (BRY), which are currently…

StockNews.com

Patrick Thomson: the man who ‘helped save UK pensions’

The chair of the fund managers’ trade body says he has his army training to thank for the cool head he kept during the crisis sparked by the mini-budget

The Guardian - UK

FTX bypassed regular process for obtaining Australian financial services licence

Crypto exchange took over a company that already held a licence and the regulator did not assess its fitness

The Guardian - AU

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Bid to turn Thornliebank bank into takeaway refused amid claims there are too many

Councillors in East Renfrewshire decided the conversion should be turned down due to concerns over the number of takeaways in the area.

Glasgow Live

Fixes improve but mortgage market remains scarred

City comment: Millions will continue to pay a heavy price for the disastrous Trussonomics experiment for years to come

Evening Standard

Student loan cancellation got blocked. Now what? 3 questions answered

When the Biden administration announced in August 2022 that it was canceling up to $20,000 in student loan debt per borrower, it said the idea was to provide families with “breathing room as they prepare to start repaying loans after the economic crisis brought on by the pandemic.” But two…

The Conversation

China's financial hub Shanghai to tighten COVID rules for people entering the city

China's financial hub Shanghai said on Tuesday it will tighten rules for people entering the city from Nov. 24 to combat the recent COVID-19 outbreak in the country.

Reuters

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Average five-year mortgage rate drops below 6 per cent for first time in seven weeks

A finance expert says rates could fall further

Manchester Evening News

Martin Lewis explains what interest rate hikes mean for mortgage bills

The Bank of England increased the base rate to 3%

The Independent UK

Sensex rebounds after 3 days of fall as RIL, IT stocks spurt

MUMBAI: Equity indices staged a pullback on Tuesday after three days of declines as investors scooped up IT, metal and consumption stocks amid a largely positive trend overseas.

The Times of India

Average UK five-year mortgage rate less than 6% for first time in seven weeks

Fixed interest rate deals starting to drop and could ‘fall further still’, says Moneyfacts

The Guardian - UK

TechScape: How do you slice a billion-dollar crypto bankruptcy pie?

The 50 biggest claims against FTX total $3.1bn. Now a US court has to determine who gets what – if anything. Plus, what will be more valuable by the end of the year: Musk’s stake in Twitter, or a lettuce?

The Guardian - UK

London property slowdown could help capital catch up with healthcare facilities

CEO of £3 billion healthcare real estate investment trust Assura sees an opportunity into the recession

Evening Standard

Santander's message to anyone with new bank account

Competition in the current account market is heating up

Liverpool Echo

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Wales Online

Fears of Christmas cash shortage at Asda, Tesco, Aldi and banks as G4S security staff to strike

It could impact the supply to places like Tesco, Asda and Aldi

WEKU

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

The Independent UK

Average five-year fixed mortgage rate less than 6% for first time in seven weeks

Mortgage rates jumped sharply after the mini-budget in September.

The Guardian - AU

Global shocks likely to drive more frequent interest rate changes, RBA says

Central banks will need to adjust rates more often to respond to unpredictable levels of inflation, Philip Lowe says

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news in one place.

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Tribune News Service

HBCU grads can face lifelong student debt burdens. Here’s what that looks like in NC

CHARLOTTE, N.C. — Whether it’s buying a home, saving for retirement or starting a business, student debt makes it difficult for graduates of historically Black colleges and universities to build wealth after college, a new report shows.

The Guardian - UK

UK borrows more as energy support begins and economy slows

Losses on government bonds and higher debt interest caused by rising inflation add to October figure

Bangkok Post

Asia Wealth Securities suspended from all business

The Securities and Exchange Commission on Tuesday ordered Asia Wealth Securities to cease all its operations after its net capital fell below zero for more than 5 business days.

AAP

RBA leaves 50bp rate hike on the table

The Reserve Bank is prepared to do whatever is necessary to ensure the spike in inflation is only temporary and doesn't linger.

The Guardian - UK

G4S strike prompts fears of festive cash shortages at banks and shops

More than 1,000 staff who deliver money to firms such as Barclays, Asda and Tesco to take action

The Guardian - UK

Five-year mortgage rates drop below 6%; UK lagging G7 rivals; European stocks at three-month high – as it happened

Average five-year fixed mortgage rate has dropped below 6% for the first time in seven weeks, as OECD cuts growth forecasts

The Times of India

S&P upgrades Axis Bank rating on improving asset quality

NEW DELHI: SP Global Ratings on Tuesday upped its credit rating on Axis Bank with a stable outlook on expectations that the private sector lender will maintain good asset quality over the next two years.

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