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The Latest Breaking News on Financial Services

Fighting an exodus, Hong Kong faces a tough task to lure back young people

New visas and other measures aim to entice people after 140,000 workers fled Hong Kong amid a security crackdown

The Guardian - AU

China Designates First Seven Investments for Personal Pension System

Consumers can buy into offerings from China Life, People’s Insurance, Taiping Life, Taiping Pension, Taikang Life and National Pension

Caixin Global

Thousands defrauded in £48m hoax which let scammers impersonate high street banks

More than 200,000 potential victims in the UK alone have been directly targeted through fraud website

The Independent UK

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100 people arrested in UK’s biggest fraud investigation

Scotland Yard shuts down iSpoof website, which helped scammers steal using fake bank phone calls

The Guardian - UK

KBank to focus on family wealth planning

KBank Private Banking, the wealth management service under Kasikornbank (KBank), plans to focus on family wealth planning next year, in line with higher demand for the service as the landscape for family wealth changes.

Bangkok Post

New owners poised to take over West Suburban Medical Center, Weiss Memorial Hospital

Resilience Healthcare and Ramco Healthcare Holdings are expected to assume control over operations of the hospitals by next week.

Chicago Sun-Times

Threat to UK financial services watchdogs off the table

Government ‘committed’ to financial regulators says City minister

The Guardian - UK

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1 Hospital Stock to Buy for the Next Decade and 1 to Sell

Growing prevalence of chronic diseases and rising medical needs, the hospital sector is expected to thrive in the coming decade. With increasing healthcare expenditure, hospital stocks are slated to flourish in the long term. While investors could consider buying quality hospital stock HCA Healthcare (HCA) for the long term, fundamentally…

StockNews.com

Don't cut them off: low-performing students benefit from continued access to loans

Over the past decade, there has been a growing debate about the value of student loans and the long-term impact of debt for those entering the workforce – particularly for students who struggled to complete their studies.

The Conversation

Nigeria hopes new currency notes curb inflation, corruption

Nigeria has unveiled newly designed currency notes that the West African nation’s central bank says will help curb inflation and money laundering

The Independent UK

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

WEKU

‘I had serious concussion, bad credit and $15,000 debt’ – abuse survivor

Parliament is urged to make an immediate law change to protect those who suffer economic abuse in relationships

Newsroom.co.nz

Banker for Alex Murdaugh convicted of bank fraud charges

A banker charged with helping disbarred attorney Alex Murdaugh take money from the legal settlements of clients has been found guilty of wire and bank fraud charges in South Carolina

The Independent UK

Vision Express worker stole £75,000 from company to fund his gambling addiction

Ravinder Saini, of Nottingham, put his bank details on official documents while working at the head office for Vision Express but was found out when colleagues checked

Daily Mirror

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Bristol Post

Bristol's Central Library could move to former Debenhams building, say council chiefs

Bristol City Council's libraries budget is being slashed by a third as authority faces massive cuts to balance its books

Irish Mirror

Warning issued to Irish Tesco Clubcard owners before vouchers expire in just 7 days

Money saving expert Martin Lewis explained that any vouchers issued in November 2020 will expire on November 30, 2022

Evening Standard

Virgin Money pulls all its 5% deposit mortgage deals in new blow to first time buyers

Move thought to be linked to negative equity fears

The Guardian - UK

Royal Mail workers to go ahead with strikes before Christmas after rejecting pay offer

CWU members to strike on dates around Black Friday and Christmas after spurning ‘final’ pay offer up to 9%

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The Independent UK

Royal Mail workers’ strike to go ahead on Thursday and Friday

‘Best and final’ pay offer rejected as disruption set to hit Black Friday shopping

Nottingham Post

Millions start getting second cost-of-living payment

'People don't need to do anything to receive this extra help'

Tribune News Service

Zelle users have been scammed out of thousands. How to avoid being targeted on money apps

Money transfer apps are a convenient way to send and receive money, but scammers can use them to steal your funds.

The Independent UK

London Mayor Sadiq Khan performs U-turn on major bus cuts

The Mayor of London announced that just three routes will be axed, after proposing to scrap 22 services in June.

Daily Record

Martin Lewis issues 8-day warning as millions of Tesco Clubcard vouchers to expire

The financial guru has warned that shoppers that any vouchers issued in November 2021 are set to expire in just eight days.

Liverpool Echo

Warning to Tesco, Asda and Aldi shoppers who pay in cash

Barclays, HSBC and Santander could also be affected

Edinburgh Live

Martin Lewis urges Tesco shoppers to use '50 trick' before the end of the month

The money saving expert explained the hack on the latest episode of his ITV show, telling viewers they risk loosing their club card points if they don't act swiftly.

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