The Latest Breaking News on Financial Services

UK mortgages: average rate on a two-year fixed deal soars to nearly 6%

Government’s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage deals

The Guardian - UK · Oct 4, 2022

Armed depositors hold up more banks in Lebanon over restrictions

The incident comes amid a wave of bank hold-ups as people grow frustrated over informal capital controls.

Al Jazeera · Oct 4, 2022

I can’t promise to insulate Scotland from ‘fiscal recklessness’, says Swinney

John Swinney appeared before Finance and Public Administration Committee on Tuesday.

The Independent UK · Oct 4, 2022

Depositors Storm 4 Lebanese Banks, Demanding Their Own Money

Lebanese depositors, including a retired police officer, stormed at least four banks in the cash-strapped country Tuesday after banks ended a weeklong closure and partially reopened. As the tiny Mediterranean nation's crippling economic crisis continues to worsen, a growing number of Lebanese depositors have opted to break into banks and…

Asharq Al-Awsat · Oct 4, 2022

Scottish National Investment Bank reports £3.4 million loss

The development bank's maiden full-year accounts also reveal rising administrative costs

Insider UK · Oct 4, 2022

Depositors, some armed, storm 3 Lebanese banks over withdrawal limits

Outraged depositors, at least two of them armed, stormed three commercial banks across Lebanon on Tuesday over withdrawal limits imposed on most clients throughout the country's financial meltdown.

Reuters · Oct 4, 2022

Australia breaks with global trend, slows interest rate hikes

Reserve Bank of Australia lifts key rate by 0.25 percentage point in nod to uncertain global economic outlook.

Al Jazeera · Oct 4, 2022

The Loop: The RBA hikes the cash rate, North Korea's latest missile launch, and the surprising culprit behind a British train delay

Get up to speed on today's headlines with The Loop.

ABC News · Oct 4, 2022

Asian shares rise after 'relief rally' on Wall Street

Asian shares are higher, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes

The Independent UK · Oct 4, 2022

Failed Griffin Coal mine owes close to $1.5 billion to creditors as WA electricity grid woes loom

The failed coal mine in Collie, 200km south of Perth, owes close to $1.5 billion to creditors, with the banks urged to "come clean" on their losses to avoid a potential disaster in WA’s biggest electricity grid.

ABC News · Oct 4, 2022