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The Latest Breaking News on Financial Services

UN-backed Climate Banking Alliance Ceases Operations

The Net-Zero Banking Alliance, a UN-backed initiative seeking carbon neutral investments by banks, announced Friday its immediate shutdown -- at a time of faltering climate commitments in the United States and Europe.

International Business Times

Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’

Which’s analysis follows research finding that the world’s biggest banks significantly increased their fossil fuel finance in 2024.

The Independent UK

Lloyds set to take control of Schroders wealth tie-up in ‘mass affluent’ push

The banking group is considering buying out Schroders’ 49.9% stake in Schroders Personal Wealth (SPW).

The Independent UK

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Overheated share markets may risk financial meltdown

Australia's central bank warns overpriced stock markets, cyber threats and weakness in China threatens the nation's financial stability.

AAP

South London residents rally to save their community's last remaining bank

New Addington locals have taken to social media and signed petitions in opposition to the closure of the Lloyds branch

Evening Standard

South Carolina prosecutor seeks death penalty in murder case after Biden reduced sentence to life

A local prosecutor in South Carolina plans to seek the death penalty against a man whose federal death sentence for killing two bank employees was commuted to life in prison by President Joe Biden

The Independent UK

If You'd Put $1,000 Into Bank of America Stock 20 Years Ago, Here's What You'd Have Today

Bank of America stock has been a massive buy-and-hold bust.

Kiplinger

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Close Brothers slumps to loss amid write-downs and more compensation provisions

The firm revealed it tumbled to a pre-tax operating loss of £122.4 million for the year to July 31.

Evening Standard

Europe's Digital Euro Just Got a Launch Date—And It Could Reshape How You Pay for Everything by 2029

The European Central Bank just dropped a timeline that could fundamentally alter how 450 million Europeans handle money, and the implications stretch far beyond just replacing cash in your wallet.

Benzinga

Financial sector urged to shoot higher on climate risk

The global financial sector has been urged to prevent further backsliding on climate and to stop funnelling money into new fossil fuels in an open letter.

AAP

Interest rate decision to dominate economic agenda

Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold on Tuesday.

AAP

HSBC Offloads Sri Lanka Consumer Unit, Focuses On Global Corporate Clients

HSBC Holdings’ (NYSE: HSBC) shares are trading relatively flat in the premarket session on Friday.

Benzinga

Will Donald Trump's Visa Crackdown Backfire? JPMorgan CEO Jamie Dimon 'Begs' POTUS Over 'Damaging' New H-1B Visa Rules

JPMorgan CEO Jamie Dimon has urged Donald Trump to reconsider a proposed $100,000 H-1B visa fee, warning that it could damage US competitiveness, drive jobs offshore, and restrict access to global talent.

International Business Times UK

Economy and tax worries holding back small business spending, Barclays warns

Business investment refers to spending on assets like buildings, machinery and intellectual property.

The Independent UK

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The Independent UK

Bank closures: All the Lloyds, BoS and Halifax branches that are shutting and when

All the latest branch closures will take place between January and October 2026

Evening Standard

Former Co-op Bank boss ordered to pay £184,000 or face more jail

‘Crystal Methodist’ Paul Flowers was jailed after defrauding an elderly spinster.

International Business Times

Asian Markets Mixed As Traders Take Stock After Fed-fuelled Rally

Asian markets fluctuated between gains and losses Monday as investors took a step back after last week's rally fuelled by the Federal Reserve's interest rate cut.

The Guardian - UK

Red flags: how to avoid falling victim to a ‘money mule’ scam

Repercussions of receiving illicit funds, even unwittingly, in your account and passing them on can be long and costly

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The Independent UK

A Long Island couple vanished months ago. Now, two people have been accused of stealing nearly $3 million from them

Roy Wang and Qiuju Wu were arrested after police say they stole the couple’s money in a matter of days this summer

Benzinga

Easy Income Portfolio: September 2025 Update

Market and Economic BackdropSeptember has been a month of mixed signals across global markets. Inflation remains sticky, with shelter, services, and insurance costs continuing to put upward pressure on consumer prices. The Federal Reserve has signaled patience but has not yet delivered the long-anticipated rate cuts. Long-term Treasury yields remain…

The Independent UK

Mixed markets in London as Donald Trump and Xi Jinping talk

It comes in a week when interest rate decisions went mostly as expected.

Kiplinger

The Best Bank Stocks to Buy

Bank stocks are part of the financial services sector and are a way to gain exposure to the broader economy. Here, we look at how you can find the best ones.

The Independent UK

The six major banks offering up to £200 cash to switch your current account

Nationwide, NatWest and first direct have joined Lloyds in offering cash rewards to move

Evening Standard

Bank of England slows rate it sells off government bonds

The Bank’s announcement came alongside its decision to keep UK interest rates at 4%.

The Independent UK

Communities are using rules to successfully maintain access to cash – regulator

Monmouth in Wales is the 121st banking hub to open in 12 months, with new Financial Conduct Authority rules having come into force a year ago.

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