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The Latest Breaking News on Financial Services

Jury considers verdict as socialite is accused of laundering cash by buying gold

The 40-year-old ex-husband of heiress Petra Ecclestone is one of eight defendants on trial.

The Independent UK

Rationing may be used to tame inflation predicts ‘outrageous’ City expert

Saxo Bank’s ‘outrageous predictions’ have been right in the past, forseeing Brexit, and it is also points to a second referendum next year

Evening Standard

Martin Lewis’ charity warns of mental health impact of cost of living crisis

Harrassment from debt collectors is seriously affecting people’s mental health

The Independent UK

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PwC creating 300 jobs in Cardiff in major expansion

It has taken a further 10,000 sq ft of office space at the 1 Kingsway building in the city centre

Wales Online

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

The New Daily

River Clyde Homes gets £117 million backing for sustainable housing

Bank funding package should help meet demand for affordable, energy efficient homes in the west of Scotland

Insider UK

Blast injures six near money market in eastern Afghan city - police

A blast injured at least six people near the money exchange market in the eastern Afghan city of Jalalabad on Tuesday, police said.

Reuters

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Stronger rules proposed to protect people from rogue financial promotions

Proposals will ensure firms approving adverts have the appropriate expertise and are held accountable for the promotions they sign off, the FCA said.

The Independent UK

Angry parents demand tax credit answers after HMRC phone lines are taken down

Phones should be back up and running but furious people go on to Twitter to say they still can't get through to resolve their problems

Chronicle Live

World Bank upgrades India's economic growth forecast from 6.5% to 6.9% in FY23

NEW DELHI: The World Bank on Tuesday upgraded India's gross domestic product (GDP) forecast for the financial year 2022-23 to 6.9% from 6.5% earlier.

The Times of India

Mini-budget an ‘international embarrassment’ says NatWest boss

UK’s reputation ‘scarred’, Howard Davies tells staff, as he also warns of government plans to boost competitiveness

The Guardian - UK

Afternoon Update: RBA rate hike; Kirstie Alley dies; and a heatwave for northern Australia

Central bank warns of more rises to come after raising cash rate to 3.1%

The Guardian - AU

Australia's central bank raises key interest rate to 3.1%

Australia’s central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it tries to wrestle down inflation

The Independent UK

Amex sued over 'confusing' DJ credit cards

ASIC has sued American Express over co-branded David Jones credit cards after confused customers allegedly thought they were loyalty cards.

AAP

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ABC News

How much extra could mortgage repayments be now the cash rate is 3.1 per cent?

Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan.

The Guardian - AU

RBA interest rates: Reserve Bank raises official cash rate to 3.1%, the eighth increase in as many months

More pain for borrowers with interest rates to rise again after central bank lifts cash rate 25 basis points to the highest level since the end of 2012

The New Daily

Interest rates rise to decade high as RBA delivers Christmas pain

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

ABC News

Reserve Bank raises interest rates for eighth straight month

The Reserve Bank of Australia lifts interest rates by 0.25 of a percentage point, taking the cash rate target to 3.1 per cent.

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news in one place.

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Birmingham Post

North East deals of the week: key acquisitions, contracts and investments

Companies featuring in this week's round-up include Newcastle International Airport and Houghton International

ABC News

Interest rate updates: ANZ, NAB and Westpac pass on Reserve Bank's eighth consecutive rate rise — as it happened

Several of Australia's major banks have increased interest rates following a decision from the Reserve Bank to lift the cash rate for the eighth consecutive time.

AAP

NAB fraudster to await sentence in jail

A Sydney woman who defrauded National Australia Bank out of millions of dollars will spend Christmas behind bars as she awaits a sentence hearing next year.

AAP

Bank of Queensland addresses CEO's exit

George Frazis' sudden removal as CEO last week was "not ideal," Bank of Queensland's chairman has conceded to shareholders at its AGM.

The Guardian - UK

Martin Lewis charity highlights mental toll of cost of living crisis

Survey finds nearly a fifth of respondents have had suicidal ideation about financial problems

The Independent UK

More limits should be put in place over debt collector contact, says charity

The Money and Mental Health Policy Institute is urging the Government to charge regulators with limiting how often debt collectors can contact people.

Bangkok Post

Credit bureau wary of digital loans

The National Credit Bureau (NCB) expects household debt in terms of loan amounts will continue to increase, despite the decline in the household debt-to-GDP ratio.

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