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The Latest Breaking News on Financial Services

HSBC profits worse than forecast after jump in bad debt provisions

The UK lender reported first-quarter pre-tax profits of £9.4 billion US dollars (£6.96 billion), down from 9.5 billion (£7 billion) a year earlier.

Evening Standard

HSBC profits fall amid $400m fraud-related charge and Iran war

London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict

The Guardian - UK

4 Photos of Chirayu Rana's Parents After Former JPMorgan Banker Accused of Faking Dad's Death to Take Months Off

Chirayu Rana, an ex-JPMorgan employee, allegedly faked his father's death for bereavement leave, sparking controversy alongside a lawsuit against a JPMorgan executive for misconduct.

International Business Times UK

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Big bank warns of recession risk as uncertainty lingers

The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.

AAP

Chirayu Rana took leave for dad's death in 2024 but his father is alive; says he doesn't know anything about JP Morgan row

Chirayu Rana's father Chaitanya Rana has reacted to the row over his son and told New York Post that he was not aware of the sexual abuse case that Chirayu brought against JPMorgan executive Lorna Hajdini. But more interestingly, the Post found out that Chirayu claimed in mid-December 2024 that…

The Times of India

Most Aussies ready to withstand another rate hike: NAB

The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.

AAP

JPMorgan Staffer Called an 'Incel' for Fabricating a Sex Harassment Story and Calling His Wife 'Flat' and Racist Slurs

A JPMorgan internal investigation found no evidence supporting sexual harassment claims against executive Lorna Hajdini, filed by former employee Chirayu Rana.

International Business Times UK

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She-Wolf of Wall Street? Decoding the JPMorgan 'sexual harassment scandal' that has broken the internet

The case has gone viral because it flips the usual assumptions around workplace abuse. The complainant is male. The accused executive is female. The setting is not a grimy back office but JPMorgan Chase, the great Wall Street mothership of American finance.

The Times of India

Drivers take fewer trips to cut back on fuel and adjust spending, bank suggests

The Iran conflict raising the spectre of interest rate hikes also prompted a rush in mortgage activity in March.

Evening Standard

4 Photos of JPMorgan Executive Lorna Hajdini Named in Lawsuit Claiming Sexual Assault and Career Threats

A lawsuit in New York accuses JPMorgan executive Lorna Hajdini of sexual assault and career intimidation. The bank denies wrongdoing, and the case is ongoing in court.

International Business Times UK

NatWest faces £140m hit from Iran war as UK growth slows and inflation rises

Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment

The Guardian - UK

Who Is Chirayu Rana? Alleged Former JPMorgan Employee Called 'Little Brown Boy' Files Sexual Harassment, Discrimination Case

A former JPMorgan employee, Chirayu Rana, has filed a lawsuit alleging sexual harassment and discrimination by a senior executive. The bank denies the claims, and the case is ongoing.

International Business Times UK

JPMorgan Executive Lorna Hajdini Denies Banker Chirayu Rana's Claim That She Turned Him Into a 'Sex Slave'

Chirayu Rana, a former JPMorgan employee, is accused of fabricating harassment claims against executive Lorna Hajdini. Internal investigations found no evidence supporting the allegations.

International Business Times UK

2 bank employees fatally shot in a bank robbery in Kentucky

Two bank employees have been fatally shot during a robbery in Kentucky, and a search is underway for the suspect

The Independent UK

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Latin Times

JPMorgan Executive Accused Of Sex Coercion, Threats And Racist Abuse In Explosive Lawsuit

A JPMorgan executive is facing a wave of attention after a lawsuit accused her of using power, threats and humiliation to coerce a male subordinate into sex, claims the bank has aggressively denied as a "complete fabrication."

International Business Times UK

JPMorgan Executive Lorna Hajdini Faces Backlash as Alleged Social Media Activity Emerges Amid SA Claims

A lawsuit in New York accuses a JPMorgan executive of sexual assault, drugging, and racial abuse, sparking a crisis for the bank. The allegations remain unproven, with JPMorgan denying the claims.

The Independent UK

Phone bans are spreading across the US workplace

Phone bans, first popular in schools, are now spreading to workplaces across all sectors

International Business Times UK

Who Is Lorna Hajdini? Inside the Explosive JPMorgan Lawsuit Alleging Sexual Assault, Drugging, and Racial Abuse

JPMorgan executive Lorna Hajdini is accused of sexual assault, drugging, and racial abuse in a New York lawsuit, with claims of company retaliation after the victim reported the misconduct.

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news in one place.

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International Business Times UK

JPMorgan Female Exec Allegedly Turned Male Employee Into Office Sex Slave: The Lurid Details Revealed

A JPMorgan Chase executive faces serious allegations of abuse and coercion, while the bank denies wrongdoing and says claims lack supporting evidence.

International Business Times UK

Horror as Man Brings Sister's Skeletal Remains to Bank to Prove Her Death and Access Her Account

In Odisha, India, a man brought his sister's skeletal remains to a bank to prove her death and access her savings, highlighting systemic failures in rural banking and documentation.

The Guardian - UK

Barclay family avoids bankruptcy after deal with HSBC over £143m debt

Bank says it has withdrawn proceedings against former Telegraph owners Aidan and Howard Barclay at high court

The Independent UK

Barclays is first bank to bring back sub-4% mortgage deal – but it’s not for everyone

Hundreds of sub-4 per cent products were removed from the market as swap rates shot up during the Iran war

International Business Times UK

'Bring the Account Holder': Indian Man Dug Up Dead Sister to Withdraw Money After Bank Refused Service

An Indian man carried his sister's remains to a bank after being denied withdrawal from her account, highlighting a misunderstanding of procedures and sparking viral attention.

AAP

Banks to reveal how Iran conflict has affected earnings

Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

International Business Times

The Bahamas Financial Pivot: From Offshore Haven to Digital Hub

IMF research has estimated that automatic exchange agreements reduced cross-border deposits in offshore centres by between sixteen and thirty-three per cent.

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