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Rate of UK shop closures expected to rise after budget tax changes – report

TheGuardian

More than 12,800 stores shut in 2024, down on 2023, but extra costs expected to take toll this year, study suggests The UKs high streets are expected to empty out at a faster pace this year as extra costs imposed on businesses by Rachel Reeves are blamed for shops closing and a slowdown in chain store openings. Continue reading.

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Current Loan Pricing Trends for 1Q 2025

South State Correspondent

In the 4 th quarter of 2024, commercial loan pricing has materially changed. The new administration with its lighter regulatory stance, the potential for tax relief and threat of higher inflationary has generated new optimism for credit, and new risk of higher rates. In 2024, approximately 16% were fixed rates.

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Lloyds backs Reeves budget plans despite mooted tax increases

TheGuardian

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it Business live – latest updates Lloyds Banking Group has backed the Labour government’s forthcoming budget and played down the impact of any tax increases, which it said would probably be part of a “constructive, pro-growth agenda”.

Taxes 80
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Data Governance in Banking and Financial Services – Importance, Tools and the Future.

Perficient

These rules are about as fun as reading tax code, but they’re crucial in ensuring customer data is protected, privacy is maintained, and banks don’t end up with regulators breathing down their necks. Thankfully, in 2024, we’re spoiled with a variety of platforms designed specifically to handle this madness.

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Fraud typologies all financial institutions should know

Abrigo

trillion globally in 2024. According to a 2024 Abrigo Fraud Survey , 61% of Americans still write checks, and incidents of fraud and the resulting losses remain high.The FBI estimates that 500 million fraudulent checks annually total $18 billion in annual losses. Staying on top of fraud is a full-time job.

Fraud 221
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Navigating distressed & problem loans: Legal & borrower considerations

Abrigo

List the items needed in writing (current financials, aging schedules, rent rolls, interim statements, missing tax returns, guarantor personal financial statements/tax returns). Reiterate the need for any missing or needed financial information. 2) Determine if the collateral is perfected (e.g.,

Strategy 195
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What is elder financial exploitation? FinCEN guidance for financial institutions

Abrigo

The increasing threat of elder fraud On December 4, 2024, FinCEN, along with the supervisory agencies, issued a s tatement on e lder f inancial e xploitatio n, or elder fraud. Prizes, sweepstakes, and lottery scams: In these scams, victims are told theyve won a prize or lottery but must pay fees or taxes upfront to claim their winnings.

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