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Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...World - The Guardian - October 21 -
VW fined by UK regulator for treatment of customers in financial trouble
Carmaker’s lending arm hit with £5.4mn penalty and agrees to pay £21.5mn to 110,000 borrowersBusiness - Financial Times - October 21 -
Israel says more strikes are coming against a Hezbollah-run financial institution
Israel says it is planning to carry out more strikes in Lebanon against a Hezbollah-run financial institution that it targeted the night beforeWorld - ABC News - October 21 -
KKM Financial's Essential 40 stock fund is now an ETF
Many asset managers have been converting their mutual funds to ETFs in recent years, due in part to a 2019 SEC rule change.Business - CNBC - October 21 -
What is the Hezbollah-linked financial institution Israel is targeting in Lebanon?
The Israeli military has carried out a wave of airstrikes targeting branches of a financial institution affiliated with Lebanon’s Hezbollah, saying the quasi-banking system is being used to fund ...World - ABC News - October 21 -
Russia halting strikes on energy targets could lead to peace talks, says Zelenskyy
Ukrainian president floats mutual cessation of aerial attacks on power grids as first step towards ending warBusiness - Financial Times - October 22 -
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) unveiled rules Tuesday intended to increase competition that would require financial institutions, credit card issuers and other financial providers ...Politics - The Hill - October 22 -
Financial cooperation and BRICS expansion are on the table as Putin hosts Global South leaders
Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to ...World - ABC News - October 23 -
Special needs support in England is financially ‘unsustainable’, report finds
Urgent reform is needed after demand for extra educational support doubles in a decade, warns watchdogBusiness - Financial Times - October 23 -
Biden tries again at student loan cancellation, for those in financial hardship
The Biden administration is moving ahead with a new path to student loan cancellation for Americans who face steep medical bills, child care costs and other types of financial hardship that prevent ...Top stories - ABC News - October 25 -
Biden unveils new student debt plan for people with financial hardships
President Joe Biden's plans to forgive student debt have hit legal roadblocks. Now a new plan would look to help people experiencing financial hardships.Top stories - CBS News - October 25 -
France’s Financial Morass Produces a Harsh Critique From Moody’s
The financial ratings agency, citing a “fiscal deterioration” with rising borrowing and a political logjam, downgraded its outlook for French debt.Business - The New York Times - October 25 -
‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis
Repeated blackouts leave residents concerned about food, water supply and Cuba’s future. Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old ...World - The Guardian - October 26 -
Gen Z is thriving financially in these US cities, new report says
A new report has found that nearly a third of Gen Z — also known as Zoomers — already feel financially secure thanks to having both a job and a side hustle, particularly in certain cities around ...Politics - The Hill - October 26 -
Hank Azaria of ‘The Simpsons’ on the key to getting your parents to help you financially
The actor, who has voiced many a memorable character on the long-running animated series, is now heading up a Bruce Springsteen tribute band.Business - MarketWatch - October 28 -
Spirit Plans Layoffs and Plane Sales Amid Financial Turbulence
The company disclosed its plans for $80 million worth of cost-cutting moves, but has shared few details.Business - Inc. - October 28 -
Inflation is down — but the middle class is still feeling financial pressure. Here's why
Economists say there's a strong role for policy in affecting the prices of essential goods for American families.Business - CNBC - October 29 -
GB News fined £100,000 in first financial sanction by Ofcom
Media watchdog found show featuring Rishi Sunak breached impartiality rulesBusiness - Financial Times - October 31 -
Financial market worries over the UK budget appear to ease
Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other ...World - ABC News - November 1 -
The west must outdo rival efforts to build an alternative financial system
Technological and geopolitical competition between democracies and autocracies are two sides of the same coinWorld - Financial Times - November 3 -
TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles
Dallas-based TGI Fridays filed for Chapter 11.Business - Inc. - November 3 -
Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash
Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”Business - The New York Times - November 5 -
French and Dutch investigators raid Netflix offices in probe of suspected financial wrongdoing
Judicial officials say prosecutors and police investigators who specialize in fighting major fraud and corruption have raided Netflix offices in France and the NetherlandsWorld - ABC News - November 5 -
US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement
Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt. Somalia has announced that more than $1.1bn (£860m) of outstanding loans will be ...World - The Guardian - 6 days ago -
How Jeff Bezos, Mark Cuban and other business leaders congratulated Trump
“Let that sink in,” Elon Musk said.Business - MarketWatch - 6 days ago -
Serious Fraud Office given extra funding to fight financial crime
Money will be used to reform how the UK agency manages its cases and handles evidenceWorld - Financial Times - 5 days ago -
Will you have a lower tax rate in retirement? Maybe not, financial advisors say
Most people will have a lower tax rate when they retire, but others won't due to factors like large required 401(k) and IRA withdrawals, advisors said.Business - CNBC - 5 days ago -
News Corp Financial Chief Panuccio to Resign; Chandrashekar Named Successor
The media company named Lavanya Chandrashekar as its next CFO, succeeding Susan Panuccio, who plans to step down from the role on Jan. 1.Business - The Wall Street Journal - 5 days ago -
Financial trade group calls on SEC chief Gensler to 'immediately' step down
The American Securities Association (ASA), a financial trade group, called on Securities and Exchange Commission (SEC) Chair Gary Gensler to immediately resign from his post following the election ...Politics - The Hill - 4 days ago -
Meet These 7 Potential Leaders of Financial Agencies Under Trump
A Robinhood attorney and Republican regulators are people being considered for top jobs with the SEC, Comptroller of the Currency and other roles.Business - Inc. - 4 days ago
