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The Latest Breaking News on Financial Services

UK savers could have up to £110,000 protected under regulator’s new plan

Rise from current limit of £85,000 would be first big change to protection scheme since 2008 banking crisis

The Guardian - UK

Revealed: London university named among worst for student loan fraud in leaked report

The Student Loans Company has identified 543 fraudulent applications, amounting to £6.2 million, from students linked to University of West London

Evening Standard

Bank says it fears vice chair was killed in plane crash that set house on fire

Woman who lives in house set alight in crash was walking her dog at the time, while her husband managed to escape unscathed through kitchen

The Independent UK

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The City is more than just a London Square Mile it is an asset for the whole country

The Bank of England’s decision to move 1 in 10 staff out of London to Leeds is not a threat to The City, but a way to broaden its relevance

Evening Standard

‘My target is those who have looted my banks’: Bangladesh’s bank governor chases vanished assets

Despite attempts to discredit him, the central bank governor is determined to trace the guilty with the UK’s help

The Guardian - UK

Bank of America warns it may cancel accounts that aren’t active

Customers who haven’t logged into their accounts for three years may be impacted

The Independent UK

Bangladesh up against time to find stolen billions: Central bank governor

Central bank Governor Ahsan Mansur talks about the hunt for wealth transferred out of the country by political elites.

Al Jazeera

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Banks to reach out to struggling customers as bills rise in April

Some high street banks are prepared to get in touch with customers they feel might be teetering on the edge of financial difficulty.

The Independent UK

Fraud warning for people planning to declutter this spring

Barclays said scammers are exploiting trust between buyers and sellers using online marketplaces.

The Independent UK

Nigel Farage settles dispute with NatWest Group two years after accounts closure

Reform UK leader threatened legal action after political views cited as reason for closure of Coutts account

The Guardian - UK

Wife of former Russian minister cries during UK sanctions trial

Ekaterina Ovsiannikova told Southwark Crown Court she ‘did not have a clue’ that sanctions imposed on her husband would affect her family.

Evening Standard

Former Citibank exec settles maternity discrimination case for £215,000

Maeve Bradley, who worked for Citibank in Belfast, lost out on expected promotion after having a baby

The Guardian - UK

ECB Pushes Back Against Calls For Looser Bank Rules

The European Central Bank has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US rivals if President Donald Trump implements major deregulation.

International Business Times

Former Russian minister ‘shocked’ to learn he was subject to sanctions in UK

Dmitrii Ovsiannikov, 48, the former mayor of Sevastopol in illegally annexed Crimea, is facing seven counts of circumventing sanctions.

The Independent UK

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The Guardian - UK

Globalisation may have run its course in current form, says HSBC chair

Trade tensions in era of Trump tariffs create serious potential risk to global growth, warns Sir Mark Tucker

The Guardian - UK

PwC fined £2.9m over audit of Sanjeev Gupta’s Wyelands Bank

FRC severely reprimands accountancy group and one of its former main auditors after ‘serious failings’ in 2019

Evening Standard

School ‘very sad’ to remove former Russian minister’s children due to sanctions

Dmitrii Ovsiannikov, 48, the former mayor of Sevastopol in illegally annexed Crimea, is facing seven counts of circumventing sanctions.

The Guardian - UK

Power switching: banks compete for current account customers with cash payouts

If you’re thinking of changing bank, several are keen for your business: but time is running out to take advantage of some deals

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The Independent UK

The locations set to get new banking hubs as Santander closes 95 branches

Here’s where customers will be able to do their banking

The Guardian - UK

Santander to close 95 UK branches, putting 750 jobs at risk

Bank says 18 other outlets will become ‘counter-free’ and further 36 will operate reduced hours

The National (Scotland)

Hundreds of jobs at risk as Santander to close 95 UK branches – see the full list

AROUND 750 jobs are at risk of redundancy at Santander UK as the high street lender announced 95 branch closures and sweeping changes across its…

Evening Standard

Santander to shut almost 100 branches in huge high street cull putting 750 jobs at risk

The bank said the decision was made after it has has seen “a rapid movement of customers choosing to do their banking digitally”

Evening Standard

Close Brothers falls to £103m loss after big car loan scandal provision

The interim dividend has been axed after the first half fall into the red

The Guardian - UK

Bombshells and revelations: how the Jes Staley evidence unfolded

Ex-Barclays CEO’s admission that he had sex with Jeffrey Epstein employee is among details to emerge in court

International Business Times

UniCredit Gets ECB Nod For Commerzbank Stake

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.

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