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The Latest Breaking News on Financial Services

£30m refinancing deal agreed for Yate shopping centre

The site is home to a number of major brands including Tesco, Next and Poundland

Birmingham Post

Ward Hadaway reveals turnover growth amid investment

The Tyneside-based law firm said it had a strategy despite economic uncertainty

Birmingham Post

Credit Suisse expects Q4 pre tax loss of up to $1.58 billion

ZURICH: ZURICH: Credit Suisse expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion) during its fourth quarter, the embattled Swiss bank said, as it prepares to ask shareholders permission for a $4 billion equity hike.

The Times of India

From analysis to the latest developments in health,
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Santander asked if I was pregnant, then it cut our mortgage offer

Its terms and conditions state it does not discriminate

The Guardian - UK

Sydney executive guilty over NAB fraud

A jury has found a Sydney event company director guilty on 69 counts of fraud which saw more than $14 million in kickbacks sent to a now jailed NAB staffer.

AAP

Ex-South Carolina banker Russell Laffitte found guilty in fraud trial that put Murdaugh in spotlight

CHARLESTON, S.C. — Former South Carolina bank CEO Russell Laffitte was found guilty Tuesday night on all six counts of conspiracy, bank and wire fraud and misapplication of bank funds, ending a three-week trial that also put disgraced attorney and accused murderer Alex Murdaugh in the spotlight.

Tribune News Service

Equity investment in Scotland’s smaller businesses rises despite economic headwinds

Report also finds that smaller businesses in deprived areas are being stifled by a lack of access to finance

Insider UK

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SAM preps B2.5bn to buy loans

Sukhumvit Asset Management Co Ltd (SAM) is in the process of issuing debentures worth 2.5 billion baht as part of a plan to purchase bad assets next year.

Bangkok Post

President Biden to extend student loan pause until June 30 as court battle drags on

The moratorium was slated to expire Jan. 1.

Chicago Sun-Times

Sunshine Insurance Wins HKEX Approval for $1 Billion IPO

Share sale would be the first by an insurance company in the past five years as the industry faces challenges from the pandemic and restructuring

Caixin Global

1 Financial Services Stock to Buy This Week and 2 to Sell

The broader macroeconomic headwinds have dampened the growth of the financial services industry this year. While fundamentally weak financial services stocks SoFi Technologies (SOFI) and Exela Technologies (XELA) are expected to remain under pressure, continued technological advancements should help Forrester Research (FORR) stay resilient. Keep reading….

StockNews.com

Michael Pascoe: Interest rates won’t work like they used to

The RBA board should be thinking very, very seriously about before lifting interest rates again, Michael Pascoe writes.

The New Daily

Santander launches current account to replace 123 Lite with 4% interest and £20 cashback a month

The catch with both the linked savings deal and the monthly cashback is a £3 monthly fee.

Daily Record

Insolvency body R3 warns of threats to North East businesses

The trade body was speaking after a big surge in both corporate and personal insolvencies

Birmingham Post

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news in one place.

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Edinburgh Live

East Lothian Council financial pressures pose 'highest risk ever'

New measures to tackle rising costs include a freeze on filling non essential vacancies, turning down the thermostats in public buildings, suspending some capital projects and mothballing some buildings.

Dublin Live

Gardai warn of 'bank jugging' ahead of Christmas period

They have warned customers to be vigilant when entering and leaving banks

Daily Mirror

Major bank launches current account with 4% interest and £20 cashback a month

High street bank Santander has unveiled a new current account with a savings deal paying 4% interest, but it'll cost £3 a month and you'll need to pay huge bills to get the most out of it

StockNews.com

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…

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news in one place.

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The Guardian - UK

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 - AU

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

Glasgow Live

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.

Evening Standard

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

The Conversation

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…

Reuters

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.

Manchester Evening News

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

A finance expert says rates could fall further

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