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The Latest Breaking News on Financial Services

IMF Selects a Saudi as Chairman for Ad Hoc Audit Selection Committee

The members of the Executive Board of the International Monetary Fund (IMF) have unanimously selected the Executive Director of Saudi Arabia at the IMF, Abdullah bin Zarah, as chairman of the Ad Hoc Audit Selection Committee (ASC) and as a member of the Evaluation Committee (EVC) of the Executive Board…

Asharq Al-Awsat

Staple Hill High Street bookies approved despite gambling addiction concerns

More than 200 people objected to BoyleSports' change-of-use application for old Lloyds Bank building

Bristol Post

Lloyds issues urgent warning over 'ruthless' scams targeting customers

Reports of loan fee scams have surged over the past 12 months according to the banking group

Manchester Evening News

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Lloyds Bank issues £711 warning to all customers

The banking giant is urging people to stay safe online as fraudsters move in amid the cost of living crisis

Liverpool Echo

Fears future generations will have 'nothing left' in Beeston after closure of Lloyds bank

Lloyds Bank recently confirmed it will close its Beeston branch off Foster Avenue on May 11. The company cited a decreased number of visitors to the bank as the reason for the move.

Nottingham Post

Reports of scams soar as cost of living crisis deepens, experts warn

Fraudsters are now targeting victims looking for cheap loans and holidays

Wales Online

Major bank issues urgent warning over scam that could cost you £700

Fraudsters are creating fake ads for loans and jobs before disappearing with people's money in a surge of advance fee scam cases, with hard-up households most at risk

Daily Mirror

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Mary Catherine Ryan, a banker, philanthropist and Edgewater fixture, dies at 83

Mrs. Ryan, a female trailblazer in the Chicago private banking world, devoted herself to family and to philanthropic projects across the city.

Chicago Sun-Times

KTC records 20% net profit growth in 2022

SET-listed Krungthai Card (KTC), a non-bank business under Krungthai Bank (KTB), posted net profit growth of 20% in 2022, thanks to Thailand's economic rebound and improving tourism after the country's reopening.

Bangkok Post

Ministry to pilot utility bill data sandbox

The Finance Ministry will test in a sandbox the use of utility bill data by small and medium-sized enterprises (SMEs) to support their applications for new loans from state-owned financial institutions, said Chuenchob Kongudom, vice-minister to the Prime Minister.

Bangkok Post

India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

Reuters

Police statement after officers called to incident outside Victoria Shopping Centre

Anyone with information is asked to come forward

Nottingham Post

Who is Sir Laurie Magnus, Rishi Sunak’s new ethics adviser?

Sir Laurie Magnus was appointed in December 2022 following 40 years of experience in the financial services sector

The Independent UK

Fraudster caught after he attempted to use stolen bank card in McDonald's

The owner was aleted by his bank

Nottingham Post

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Reuters

Iraqi PM walks diplomatic tightrope in crackdown on dollars smuggled to Iran

Under pressure from Washington to stem the flow of dollars into Iran, Iraq's prime minister sent elite counter-terrorism forces more accustomed to battling Islamist militants to shut down dealers smuggling the currency to the Islamic Republic.

Evening Standard

Talking Point: Does the City have a class problem?

Working-class candidates for jobs in the City may still find themselves at a disadvantage.

The Independent UK

Who is Richard Sharp? BBC chairman who ‘helped Boris Johnson secure £800,000 loan’

Former banker worked for more than 30 years in the financial sector, including a 23-year stint at investment giant Goldman Sachs

Daily Mirror

High street bank is offering FREE £200 cash for new and existing customers

The battle between high street banks to attract current account customers is beginning to heat up again as the list of banks bringing in switching incentives like this is growing

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Liverpool Echo

Morrisons raiders cover faces as they steal from tills in late night break-in

Three people are believed to have broken into Morrisons in the early hours

Irish Mirror

Major change coming to Revolut for two million Irish customers and it's bad news for traditional banks

The new move is said to add additional pressure on traditional Irish banks from the popular app

Liverpool Echo

UK bank says it will give people £200 each for free

Santander is offering a £200 bonus to all new customers

Wales Online

Three banks are giving away up to £200 free if you don't have account with them

Santander has joined Lloyds and first direct in offering non-customers free money

Chicago Sun-Times

Downtown Chicago office space: Pockets of demand amid slow market

Experts say there’s a clear split between “have” and “have-not” buildings as big companies favor modern space heavy on amenities.

Caixin Global

Developer Oceanwide and Tycoon Lu Zhiqiang Sued in $1 Billion Loan Dispute

China Minsheng Bank is pursuing the firm and its de facto controller for billions of yuan in unpaid debt that they guaranteed

Reuters

Sri Lanka seen holding rates as inflation fight continues; IMF deal key

The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International Monetary Fund bailout.

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