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The Latest Breaking News on Financial Services

Bank of England Governor on £575,000 says he'll 'politely decline' a pay rise

Andrew Bailey also told MPs on the Treasury Select Committee that former Prime Minister Liz Truss's disastrous mini-Budget 'damaged' Britain's reputation abroad

Daily Mirror

Bank of England attacks government’s economic failure ahead of ‘austerity budget’

’It’s not a good story,’ Andrew Bailey tells MPs – painting backdrop to Jeremy Hunt’s £60bn ‘black hole’

The Independent UK

Bank of England governor says he would not accept pay rise this year

Andrew Bailey has an annual pay package of about £575,000

Wales Online

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Suspect named after two banks burgled

Merseyside Police were called to two separate incidents in the space of two weeks

Liverpool Echo

Bank of England governor Andrew Bailey, on 575k a year, says he would refuse pay rise

He told MPs lower-paid staff should get ‘a larger share of the pot’ this year

Evening Standard

European Central Bank: Recession 'has become more likely'

It's looking more like a recession is coming in Europe

The Independent UK

Ulster Bank confirms redundancy plans for 600 staff

The bank estimates the loss of 600 staff from March 2023 onwards

Dublin Live

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US mortgage rates drop below 7% in biggest decline since July

U.S. mortgage rates fell last week by the most since the end of July, slipping below 7% and helping generate a bounce in purchase applications that otherwise remain depressed.

Tribune News Service

Murder accused drained victim’s bank account, court told

Mark Brown twice withdrew £200 from Leah Ware’s bank account before paying £200 into his own shortly after, jurors have heard.

The Independent UK

Italy state lender CDP targeted by climate change protesters

The headquarters of Italy's state lender Cassa Depositi e Prestiti (CDP) were sprayed in orange paint on Wednesday, in the latest stunt by climate change protesters.

Reuters

Andhra Pradesh: Online loan app recovery agent from UP arrested by Kadapa police

TIRUPATI: A notorious online loan app recovery agent assisting a gang from Uttar Pradesh was arrested by the Kadapa police on Wednesday. The accused identified as Jalal Khan (27) is wanted in similar offences across 14 Indian states.

The Times of India

Scottish Widows appoints new chief executive

The appointment follows Antonio Lorenzo’s decision to retire in 2023

Insider UK

Martin Lewis shares fast and easy way to earn free £200 before Christmas

You could have the cash by early December if you act now.

Daily Record

Plans revealed for Manchester’s 'first fully-sustainable eco' aparthotel tower

Proposals for a 356-bedroom hotel on the site were approved in 2019 but have now lapsed

Birmingham Post

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The Guardian - UK

UK’s international reputation damaged by mini-budget, says BoE governor; high inflation hits poorest hardest – as it happened

Andrew Bailey says UK must tread carefully after recent turmoil as he faces Treasury committee, on day inflation accelerates to a 41-year high of 11.1%, hurting poor the most

Liverpool Echo

Barclays to give homeowners £2,000 in new scheme

The scheme encourages consumers to make energy efficiency-related home improvements

The Guardian - AU

Australia should keep lifting interest rate and deliver stage-three tax cuts, IMF says

Agency says it expects a ‘soft landing’ for the nation’s economy with risks ‘skewed to the downside’ as part of annual review

Nottingham Post

Barclays offers £2,000 to homeowners going green

The bank hopes it will encourage energy efficiency-related home improvements

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Liverpool Echo

Man found inside Halifax bank after windows smashed in burglary

He was spotted carrying a number of suspected stolen items

Daily Record

Barclays launches new trial paying mortgage holders up to £2,000 for installing greener options in their home

Homeowners who install new insulation, heat pumps or solar panels could be given money back by the bank.

Belfast Live

Belfast Barclays Bank protest sees two people charged after building targeted with red paint

Police say the protest in which the building was covered in red paint involved three people

The Guardian - AU

RBA signals it may pause further interest rate rises

Minutes of November Reserve Bank of Australia meeting say board is ‘prepared to keep rates unchanged’ while it assesses state of economy and inflation

Benzinga

Nu Holdings Q3 Earnings Highlights: Warren Buffett-Backed Digital Bank Sees Shares Rally, Here's Why

A leading digital bank in Brazil reported third-quarter financial results and an update on its growth Monday after market close. Here are the key highlights.

Chronicle Live

Extinction Rebellion stand down Barclays bank protest on Northumberland Street after several hours

Extinction Rebellion members chained themselves to Barclays bank on Northumberland Street at around 9.45am on Monday morning and stood down after several hours

Bristol Post

Extinction Rebellion Bristol hold sit-down protest inside Broadmead bank

The group has targeted the Bristol Barclay branch over its fossil fuel investments today (November 14)

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