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The Latest Breaking News on Financial Services

Bank warns of the ’12 scams of Christmas’ fraudsters use to ruin festivities

HSBC UK said criminals often use the distractions of the festive period as an opportunity to strike.

The Independent UK

Lloyds bank issues £427 warning to all customers

Lloyds Bank is urging all users to be vigilant as Christmas approaches

Liverpool Echo

Debt relief email error hits millions

The error leaves borrowers in limbo until the Supreme Court hears the case next year

Salon

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Bank of England’s Bailey sees ‘first glimmer’ of inflation easing, after lifting interest rates to 3.5% – business live

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

The Guardian - UK

Senior DHS official ‘very angry’ when colleague suggested robodebt needed ‘major response’, inquiry told

Compliance manager tells royal commission she was ‘unable to influence’ boss away from ‘deliver the numbers’ direction

The Guardian - AU

From Raghuram Rajan to Riya Sen, top personalities grace Bharat Jodo Yatra

The Bharat Jodo Yatra, which started from Kanyakumari in Tamil Nadu on September 7, is passing through Rajasthan. The yatra completes 100 days on Friday.

The Times of India

High Court rebuffs high-fee lenders

The High Court has dismissed an attempt by two Gold Coast companies to appeal a finding that they offered loans at 800 per cent interest without a licence.

AAP

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Indonesia parliament approves extradition treaty with Singapore

Indonesia's parliament passed into law a bilateral extradition agreement with Singapore on Thursday, in a move Jakarta expects to help authorities bring to justice people accused of stashing offshore billions of dollars of state money in the city-state.

Reuters

Indonesia's new finance laws expand central bank's mandate

Indonesia's parliament on Thursday voted to approve financial legislation that widens the central bank's mandate to include supporting sustainable economic growth and formalise its debt monetisation operations.

Reuters

ANZ bracing for uplift in household stress

ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.

AAP

Report: Dan, Tanya Snyder Likely to Sell Commanders

The Washington co-owners hired Bank of America in November.

Sports Illustrated

Nine million people were mistakenly told their student loans had been forgiven

Emails from the Department of Education reportedly went out to people who had applied for Joe Biden’s student loan forgiveness

The Independent UK

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

The Guardian - UK

Goldman Sachs bankers brace for hefty cut to bonuses

Bonus pool could be slashed by up to 40%, in possibly the lender’s largest cut to payouts since the financial crisis

The Guardian - UK

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news in one place.

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The Times of India

RBI to promote innovation in financial sector, says governor Shaktikanta Das

MUMBAI: Reserve Bank governor Shaktikanta Das on Wednesday assured financial technology companies (fintech) that the central bank will continue to adopt a participative and consultative approach to facilitate innovation in the financial sector.

The Independent UK

Bank of England expected to hike interest rates again despite softening inflation

Economists predict 0.5 per cent rise despite inflation peak and sharp recession

The Guardian - UK

Who is the ‘sexy turtle’? Andrew Bailey helps decide your mortgage costs

Some praise UK’s most powerful non-elected official for mini-budget response while some say Bank of England governor is out of touch

The Independent UK

HSBC updates climate policy to stop funding new oil and gas

British banking giant HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy

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Reuters

Petrobras shares dive on Brazil vote to ease rules on politicians running state firms

Brazil's lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run oil company, devastated by a political graft scandal over the past decade.

The Times of India

SBI board approves raising Rs 10,000 crore capital via bonds

NEW DELHI: State Bank of India (SBI) on Wednesday said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds.

Evening Standard

HSBC pulls funds for new oil and gas fields in “green” victory

GREEN campaigners targeting big banks won a victory today, when HSBC said it will no longer lend cash or provide other finance to new oil and gas fields.

The Guardian - UK

Inflation is still causing pain and Bank of England risks making situation worse

Anticipated increase in interest rates will turn the screw on mortgage holders and businesses

Daily Mirror

Millions face £3,000 mortgage hike - as interest rates announcement due tomorrow

The Bank of England (BoE) has increased its base interest rate eight times since December last year and is expected to do so tomorrow, which will push up the price of borrowing even more

Evening Standard

Ministers may struggle to ‘hold line’ against higher pay for public sector workers, says ex-BoE chief

Ministers may struggle to “hold the line” in their refusal to back higher pay deals for hundreds of thousands of public sector workers, a former Bank of England chief said on Wednesday.

The Guardian - UK

I lost £150,000 to a fraudulent account the bank knew about

Bank of America was alerted three days before my first payment to an account I believed was a fixed-rate ‘bond’ with Prudential

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