The Latest Breaking News on Financial Services

Bankman-Fried apologises, says didn't 'try to commit fraud'

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

Bangkok Post · Nov 30, 2022

Fed will work to reduce inflation 'until the job is done': Board governor

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

Tribune News Service · Nov 30, 2022

Australian Federal Police Operation Huntsman shuts down organised crime syndicates exploiting children

Hundreds of Australian bank accounts linked to offshore organised criminals who are sexually extorting Australian teenagers are shut down as part of an AFP operation.

ABC News · Nov 30, 2022

Federal Reserve to slow interest rate rises as it tackles 40-year inflation high

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period

The Guardian - US · Nov 30, 2022

3 Safe-Haven Stocks It's Never a Bad Idea to Own

The Fed’s aggressive monetary policy stance created immense recession fear until the inflation showed signs of cooling down in October, and the policymakers hinted at a slower pace of rate hikes. Amid such an uncertain macroeconomic scenario, investors could consider buying safe-haven stocks Johnson & Johnson (JNJ), The Coca-Cola Company…

StockNews.com · Nov 30, 2022

Fraud on payment app Zelle is on the rise. How can you stay safe?

People are increasingly falling victim to fraud on the payment service Zelle, lured by scammers impersonating bank officials via text message or phone call — and in response to the prevalence of fraud, some banks are responding with a plan to reimburse scammed customers.

Tribune News Service · Nov 30, 2022

CCTV appeal after Mansfield derelict building fire

Police are keen to speak to a woman in connection with their investigation

Nottingham Post · Nov 30, 2022

India GDP halves in September quarter as COVID distortions fade

Economists warned that growth momentum may ease in the December quarter due to higher interest rates, slowing exports.

Al Jazeera · Nov 30, 2022

Bank manager stole thousands from widow who was 'sick with worry'

Michael Roberts struggled with a gambling addiction and had debts

Liverpool Echo · Nov 30, 2022

HSBC bank closures: Full list of closures in London and the UK

What HSBC branches are closing across London and when?

Evening Standard · Nov 30, 2022