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The Latest Breaking News on Financial Services

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

Birmingham Post

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.

Glasgow Live

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.

Daily Record

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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

The Guardian - UK

Rupee firms as signs of Fed slowdown boosts risk appetite

MUMBAI: The Indian rupee edged higher as the dollar index tumbled on positive risk sentiment after minutes of the US Federal Reserve's November meeting reaffirmed the likelihood of smaller-sized rate hikes.

The Times of India

Warning signs you may be have been scammed in biggest ever UK phone fraud scandal

The Met Police say the biggest fraud in the UK saw thousands of victims contacted by criminals posing as their bank or other officials, with millions of pounds stolen

Daily Mirror

Sensex, Nifty hit record high: Top reasons for market surge

NEW DELHI: Equity indices surged to fresh all-time highs on Thursday tracking a firm trend in global markets.

The Times of India

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Bank’s deputy governor ‘conscious of great hardship’ faced by millions

Dave Ramsden said that his ‘bias’ is toward further interest rate rises, but he would consider the case for cutting rates.

The Independent UK

Why you shouldn't ignore this text message over the next 48 hours as police issue warning

Households up and down the country are being urged not to ignore texts from the Metropolitan Police - even if you don't live in London - as it could help them crack down on scammers

Daily Mirror

Lebanon: Tenfold Increase in Customs Duties

The Ministry of Finance announced on Wednesday that the government will start collecting customs duties with a tenfold increase, starting the first of December. The announcement came a day after the Governor of the Banque du Liban said that the official exchange rate of the dollar would be raised to…

Asharq Al-Awsat

The Arc at Hillington Park sold for £2.4 million

Danobe Securities buys the office building from asset manager HKIP

Insider UK

'Cramped' and 'inferior' plans to convert bank to HMO keep getting refused

There have been nine applications submitted so far this year to convert the former bank into bedsits

Liverpool Echo

Major Garda fraud sting into 'spoof' phone calls results in six arrests

Police across the globe were investigating scam calls that had resulted in victims handing over million of euro

Irish Mirror

UK university staff, Scottish teachers, postal workers begin walkouts

Postal workers, teachers and university staff across Britain went on strike on Thursday to demand better pay, with warnings that there will be more industrial action and widespread disruption in the run-up to Christmas.

Reuters

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Reuters

Slovak police renew bribery charge against central bank governor Kazimir - lawyer

Slovak police have resurrected a bribery charge against Slovak central bank Governor and European Central Bank policymaker Peter Kazimir, his lawyer said on Thursday, while Kazimir called the allegation a lie.

The Guardian - AU

Reserve Bank review to consider changing inflation target and board selection

With the RBA challenged by the pandemic, surging inflation and calls for reform, one expert says its recent report card has been ‘mixed’

Birmingham Post

PwC adds new capital markets team to Birmingham base

Having previously been solely a London-based team, the move marks the first time the firm's service has been delivered by staff based outside of the capital

Al Jazeera

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.

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The National (Scotland)

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…

Bangkok Post

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.

The Guardian - UK

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

Reuters

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.

Caixin Global

Shanghai Composite Index Fell 0.25% on Thursday

Shenzhen Component Index closed down 0.15%

AAP

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.

Edinburgh Live

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

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