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The Latest Breaking News on Financial Services

Jersey locals targetted by heartless scammers after explosion that killed nine people

The blast in St Helier, Jersey on Saturday rocked the local community and has seen crooks claiming to be from NatWest bank targeting residents asking for donations

Daily Mirror

Chinese capital Beijing reports first COVID deaths since policy easing

Two former Chinese state media journalists have died in the capital Beijing in recent days due to COVID-19, local media reported on Friday, among the first reported fatalities since most epidemic control policies were removed on Dec. 7.

Reuters

Supply issues mean Northern Ireland companies holding £1.2B of unfinished goods

Manufacturers have had to hold more stock and look for alternative suppliers to spread supply chain risk

Birmingham Post

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World Bank Launches $2 bn Ukraine Private Sector Aid Package

The World Bank on Thursday announced a $2 billion package to support Ukraine's private sector, in a bid to help pave the way for reconstruction amid the devastation resulting from Russia's invasion. The latest package by the International Finance Corporation (IFC), the bank's development arm focused on private-sector development in…

Asharq Al-Awsat

Economy continues to recover but faces more challenges

Thailand's economy continues to recover, but faces more challenges with policy priorities to ensure a continued rebound, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Friday.

Bangkok Post

Fixed Deposit rates at 7.5%: Who is offering the best FD rate right now?

After a 225 basis points repo rate hike by the Reserve Bank of India (RBI) in the last seven months, banks have started passing on the benefits of the rate hike to fixed deposit holders.

The Times of India

ING fined for missed data deadlines breach

ING Bank has been fined for failing to meet Consumer Data Right deadlines and for making a false or misleading representation to consumers.

AAP

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Westpac ordered to fork out $29m in compo

Westpac customers in their thousands stand to share in compensation worth nearly $30 million following a successful class action over superannuation fees.

AAP

NAB forecasts rocky road to slow growth

Higher inflation, rising interest rates and slower growth are starting to impact businesses and consumers, NAB says.

AAP

NAB sees slower growth in 2023

NAB says higher inflation, rising interest rates and slower growth are starting to impact both businesses and consumers.

AAP

World Bank's private arm launches $2 billion program to help Ukrainian businesses

The World Bank's private investment arm on Thursday said it had launched a $2 billion support package for Ukraine to help build the resilience of the Ukrainian private sector devastated by Russia's war and to prepare for reconstruction.

Reuters

The embedded finance challenge

'Embedded finance" is disrupting the global banking order as non-finance companies are eating into traditional banks' market share. The threat to the traditional finance sector is significant, according to the international consultancy PwC.

Bangkok Post

1 Dividend Aristocrat Stock to Keep an Eye on This Winter

Clear indication by the Fed on the continuation of interest rate hikes in the foreseeable future has nipped the recent market optimism in the bud. With growth forecasts in jeopardy, it may be opportune to prioritize income generation with Cintas (CTAS), as it pays reliable dividends. Read on….

StockNews.com

U.S. targets Russian financial services sector, businessman Potanin

The United States on Thursday targeted Russia's financial services sector and Russian businessman Vladimir Potanin, increasing pressure on Moscow over its invasion of Ukraine.

Reuters

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Salon

Juror speaks out on Trump Org trial

"People really, really didn’t like that," a juror told The Daily Beast

The Times of India

'We will be lucky if we get 5% growth next year,' says ex-RBI governor Raghuram Rajan

NEW DELHI: Former governor of Reserve Bank of India (RBI) Raghuram Rajan has said he believes the country will be lucky if it achieves 5 per cent growth next year.

The Philadelphia Inquirer

Joseph N. DiStefano: Pennsylvania's family-owned farms are thriving, and big commercial farms are taking notes

Pennsylvania farmers "do better in recessions," said Tom Jordan, head of the lenders who finance farm, real estate, and small-business deals across most of the state for Univest.

Chronicle Live

Interest rates increased to 3.5% by Bank of England in 14-year high to tackle inflation

The Bank has raised interest rates once again in a bid to meet its 2% inflation target, with figures this week showing that inflation is currently at 10.7%

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The Guardian - UK

Interest rates: UK borrowers are facing a serious reality check

Latest Bank of England rise offers little hope to generation of homebuyers weaned on ultra-cheap mortgages

The National (Scotland)

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.

Wales Online

Mortgage payments up again as interest rates hiked to highest level in 14 years

The Bank of England has raised interest rates to 3.5% from 3%

The Independent UK

Bank of England raises interest rates to 3.5% despite inflation easing

Borrowers hit with higher costs as bankers signal UK not out of the woods yet

The Guardian - UK

Bank of England raises interest rates to 3.5% in ninth increase in a year

Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession

Daily Mirror

Interest rates hiked to 3.5% in 14-year high - what it means for your money

The base rate - which was already at a 14-year high - has today been increased by 0.5 percentage points, up from 3% and the ninth time in a row the Bank of England has taken action

The Independent UK

Interest rates – live: Bank of England hikes base rate in fresh blow to mortgage holders

Officials raise base rate for ninth consecutive time

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