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The Latest Breaking News on Financial Services

UK’s credit unions face uncertain future amid cost of living crisis

The small cooperatives have found themselves at a crossroads, with concerns over governance and consolidation threats

The Guardian - UK

Which Financial Stock Holds the Earnings Edge - First American Financial (FAF) or Moody's Corporation (MCO)?

Amid the ongoing demand for financial services and an increasing incorporation of digital technology, the financial industry presents a strong and promising outlook. The prevailing high-interest rate environment provides further stimulus to the financial services companies. With financial services companies Moody's (MCO) and First American Financial (FAF) set to unveil…

StockNews.com

‘Arrest is imminent’: CBI raids on Harsh Mander, FIR filed

The Central Bureau of Investigation has filed an FIR against human rights activist and former IAS officer Harsh Mander for alleged FCRA violations, Newslaundry learned today.

Newslaundry

From analysis to the latest developments in health,
read the most diverse news in one place.

Perth Mint getting act together but still breaching law

A parliamentary committee has been told Perth Mint is getting its act together but continues to breach money laundering and counter-terrorism financing laws.

AAP

Bank agrees payout over mortgages that ‘ruined lives’

Out-of-court settlement reached with law firm acting for customers who have been left owing big sums

The Guardian - UK

Shares In Banking Giants BNP, ING Fall Despite Hefty Profits

Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits.

International Business Times

Ex-RBI Governor Raghuram Rajan meets former Maharashtra CM Uddhav Thackeray in Mumbai

Former RBI Governor Raghuram Rajan meets Shiv Sena chief Uddhav Thackeray, who had backed Mr. Rajan’s criticism of the Central government.

The Hindu

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Santander Posts Record Profit In 2023 After Rate Hikes

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

International Business Times

Italy Finance Minister Seeks Clarification on Pop Sondrio from UniCredit CEO

UniCredit CEO has been asked for clarification by Italy's Finance Minister regarding Pop Sondrio. The move indicates concerns about the situation.

Top News

European Banks Face Major Test with Earnings in Strong Run

Get a preview of European banks' upcoming earnings reports and learn about the challenges they are expected to face after a strong run.

Caixin Global

Weekly Must-Read: How Can China Deal With Deflationary Pressure?

Although China’s economy showed signs of recovery in 2023, prices have not improved in tandem, with key economic indicators signaling a persistent decline

The Guardian - UK

Lloyds to cut 1,600 jobs across branches in shift to online banking

Overhaul likely to raise concerns for UK bank’s 2m customers who rely on branches to manage accounts

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The Hindu

Ahead of R-Day, 94,680 business units, startups sanctioned in J&K

Ahead of the 75th Republic Day, Jammu and Kashmir Lieutenant Governor Manoj Sinha’s administration has provided entrepreneurship and self-employment opportunities to 94,680 youth in a single day. Mr. Sinha distributed record sanction letters for setting up new units and startups.

The Guardian - US

Bank of America sends warning letters to employees not going into offices

Letters warned employees that failure to follow return-to-office expectations could lead to ‘further disciplinary action’

The Hindu

Money-laundering probe | NCP MLA Rohit Pawar appears before Enforcement Directorate

Mumbai NCP MLA Rohit Pawar appears before the ED in a money laundering case linked to a cooperative bank scam.

StockNews.com

Is Fifth Third Bancorp (FITB) Sending Buy Signals Following Q4 Results?

Amid Fifth Third Bancorp's (FITB) latest fiscal report unveiling hurdles such as dwindling net interest income, notable profit slumps, and a gloomy 2024 forecast, would it be wise to invest in FITB shares post-Q4 results? Let's find out.

The Guardian - UK

‘The key thing is to have a plan’: the former City watchdog now helping to guide Keir Starmer

Charles Randell, ex-chair of the Financial Conduct Authority, cut his teeth helping the Treasury fight the financial crisis and is now a Labour election policy adviser

The Hindu

Kerala High Court slams ED for prolonging probe into Karuvannur bank issue

Kerala High Court directs Enforcement Directorate to provide update on investigation into suspicious deals in Karuvannur Cooperative Bank.

The Hindu

Banking on a branch visit on Jan. 22? private, PSU banks have different plans

Public sector banks in India will open after 2.30 p.m. on January 22, while private banks will operate normally except in certain states.

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