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The Latest Breaking News on Financial Services

China's Xi seeks expanded role for Shanghai Cooperation Organization with development bank

Chinese President Xi Jinping says China would accelerate the building of a SCO development bank as he seeks to expand the organization’s influence and scope

The Independent UK

Think Twice Before Getting a Credit Card Cash Advance

A credit card cash advance can be a quick solution when you need emergency help with money. But you'll pay for the convenience with high interest and fees.

Kiplinger

Starmer names former Bank deputy governor as his chief economic adviser

Minouche Shafik quit Columbia University after controversy over anti-Israel protests on New York campus

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

UK bank shares tumble after call for windfall tax on lenders in budget

Investor jitters follow report by IPPR and lead to more than £6bn being wiped off the sector’s market value

The Guardian - UK

Police warn protesters not to travel to Epping after asylum hotel ruling – as it happened

Home Office and Bell hotel owner challenged injunction granted to council that would have stopped dozens of asylum seekers being housed there

The Guardian - UK

UK bank shares fall as City fears budget tax raid; US trade deficit surges – as it happened

Calls for ‘Thatcher-style tax on bank profits’ to raise billions of pounds rattle bank shares

The Guardian - UK

Windfall tax on banks could recoup QE losses and raise £8bn a year, IPPR says

Hiking a levy on the profits of major firms could raise up to £8 billion a year for public services, the IPPR said.

The Independent UK

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Bankers found out they were being fired after email asking for their laptops to be returned sent by mistake

The error occurred at Australian lender ANZ

The Independent UK

Stock Of The Day In Bullish Chart Formation As Sector Cheers Powell's Views

A drop in the fed funds rate stands to benefit financials as the yield curve steepens.

Investors Business Daily

Bank urged to unfreeze Scottish pro-Palestine group's account by 70 organisations

MORE than 70 trade unions, charities, and community groups have called for a Scottish pro-Palestine groups bank account to be unbanned ...

The National (Scotland)

Royal Bank Of Scotland Parent In Buy Zone With Top Earnings Score

Royal Bank of Scotland parent NatWest Group is in a buy zone above a buy point of 14.55.

Investors Business Daily

Man admits murder of customer who was stabbed in bank

Haybe Cabdiraxmaan Nur will be sentenced in October after admitting the murder of 37-year-old Gurvinder Singh Johal.

Evening Standard

Thailand requires banks to cap most online transfers at $1,500 daily to thwart scammers

Banks in Thailand are being required to limit online transfers to as little as $1,500 a day in a move that aims to protect customers from losing money to scams

The Independent UK

Police investigate sabotage claims by UK activists against ‘fossil fuel finance’

Shut the System says its supporters carried out actions at offices of JP Morgan Chase, Allianz and Barclaycard

The Guardian - UK

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news in one place.

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The Guardian - AU

Commonwealth Bank urged to repay fees of 2 million low-income customers after posting record profit

Australia’s biggest bank delivers bumper payout to shareholders as CBA vows to end lending to coal companies with no net zero plans

AAP

CommBank's record $10b profit could've been bigger: CEO

Commonwealth Bank could have delivered a better result than its $10 billion profit if it weren't positioning itself for AI revolution, its boss says.

International Business Times UK

What Is The DC National Guard? Chain Of Command, Powers And How Different Are They From US Police Force?

The DC National Guard answers to the US President, not a governor, with powers and duties that set it apart from both state Guard units and local police forces.

The Guardian - AU

Afternoon Update: Reserve Bank decision; Julie Bishop accused of bullying in Senate inquiry; and Swifties celebrate

Jim Chalmers says the rate cut is ‘very welcome relief for millions of Australians’

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news in one place.

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AAP

Rates cut but borrowers told not to bank on more relief

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

The Guardian - UK

Santander mortgage cap jumps by as much as 24% as bank eases lending rules

Some higher-earning couples with smaller deposits could borrow extra £130,000 as a result of overnight changes

Evening Standard

All the Santander branches closing this week including two in London

The closures are part of a larger restructuring plan to close 95 of its 444 branches across the UK

The Guardian - UK

The Guardian view on climate finance: crumbling under a second Trump presidency

Editorial: Voluntary climate commitments were supposed to be a step towards progress. A change in political climate has revealed their weaknesses

Kiplinger

Best Banks for Retirees 2025

National banks offer a wide variety of accounts and services, including wealth and investment management. Here's Kiplinger's pick of the best.

Kiplinger

Best Banks for High-Net-Worth Clients 2025

National banks offer a wide variety of accounts and services, including wealth and investment management. Here's Kiplinger's pick of the best.

Kiplinger

Best Banks for Travelers 2025

If you travel frequently, you may be drawn to these accounts for features such as fee-free ATM access and waived currency-conversion charges. And even if you’re not a jet-setter, you may find these options enticing.

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People

Nemat Minouche Shafik

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Matt Comyn

21 stories

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