The Latest Breaking News on Financial Services

UCO Bank shares surge over 50% in November so far

NEW DELHI: Shares of state-owned UCO Bank continues to give stellar gains to investors.

The Times of India · Nov 22, 2022

Shanghai Composite Index Rose 0.13% on Tuesday

Shenzhen Component Index closed down 1.18%

Caixin Global · Nov 22, 2022

ANZ set to pull out of pariah state Myanmar after facing 'increasing operational complexity'

ANZ announces it will pull out of Myanmar, dealing a blow to the country's military junta and potentially ramping up pressure on other overseas banks to turn their backs on the regime.

ABC News · Nov 22, 2022

In closing argument, prosecutor insists ‘absolute power’ corrupted former South Carolina banker Russell Laffitte

CHARLESTON, S.C. — In her closing argument of former South Carolina banker Russell Laffitte’s federal bank fraud trial Monday, prosecutor Emily Limehouse said, “Absolute power corrupts absolutely.”

Tribune News Service · Nov 21, 2022

Central Bank Plans New Lending Tool to Support Embattled Developers

Addition of $28 billion at zero cost is intended to encourage 18 big banks to issue credit to builders with stalled residential projects

Caixin Global · Nov 21, 2022

Banpu subsidiary BKV keen on US listing

Non-oil energy conglomerate Banpu Plc is preparing to list its subsidiary BKV Corporation on the New York Stock Exchange to grow its businesses in the US and support efforts to cut carbon dioxide emissions.

Bangkok Post · Nov 21, 2022

Lanarkshire banking hub recognised for success at awards ceremony

Cambuslang BankHub opened last year

Daily Record · Nov 21, 2022

Auditors in Iraq uncover staggering $2.5 billion tax fraud

Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards

The Independent UK · Nov 21, 2022

Prosecution rests in Trump Organization’s tax fraud case

Prosecutors in the Trump Organization’s criminal tax fraud trial have rested their case

The Independent UK · Nov 21, 2022

Four arrested by UPSTF for cloning ATM cards in Lucknow

LUCKNOW: A team of STF nabbed four members of a gang involved in cloning the ATM cards of innocent people and withdrawing money from Eldeco Trisection in Malhaur under Chinhat police station area on Monday.

The Times of India · Nov 21, 2022