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The Latest Breaking News on Financial Services

With elevated inflation, the Federal Reserve will likely delay the forecasted rate cuts. Interest rates remaining higher for longer could lead to several challenges for the U.S. banking industry. Given this backdrop, investors could consider looking beyond borders to buy quality foreign bank stocks: Barclays (BCS), Akbank (AKBTY), and Deutsche…

StockNews.com

Coventry Building Society confirms purchase of Co-op Bank in mega-deal

The tie-up will create a banking giant with millions of customers and about £89 billion worth of assets.

The Independent UK

Discover the awards celebrating excellence and diversity in British business

The Lloyds Bank British Business Excellence Awards celebrates the best of British business, with three new categories announced for 2024

The Independent UK

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

More regulation urged for banks 'failing' rural towns

An inquiry into rural bank closures has handed down its final report after a year of hearings and 610 written submissions. It recommends tougher regulation.

AAP

Bank fined millions over treatment of struggling customers

The bank put around 1.5 million people at risk of greater financial harm, according to the FCA

The Independent UK

Is it Time to Switch Banks?

It's a good time to take stock of what you need in a bank, and consider if your bank is still working for you.

Kiplinger

Country towns banking on branch closure inquiry report

After a year of hearing from regional communities, farmers and the banking sector, the inquiry into rural bank closures is due to hand down its final report.

AAP

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‘It’s not vital to spend five days a week in the office’: the bank boss who works from home

While big beasts on Wall Street rail against WFH, Mike Regnier of Santander UK says he wouldn’t have taken the job if he had had to commute all week

The Guardian - UK

UK cannot afford to give ‘cold shoulder’ to China, says City minister

Bim Afolami’s comments distance British government from protectionist moves by US

The Guardian - UK

‘Free money’ and 10% interest: carrots UK banks are dangling to get you to switch

Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached

The Guardian - UK

A prison guard trainee walked into a bank, killed five women and called 911. Now a jury will decide his fate

Now 12 jurors will decide whether the 27-year-old former prison guard trainee is sentenced to death or life without parole

The Independent UK

Ensure gold loans are repaid and not renewed, banks tell branches

Get insights on gold loans, interest rates, repayment options, and RBI regulations for borrowers and banks.

The Hindu

Vindicated by Court, CFPB Director Chopra says bureau will add staff, consider new rules on banks

Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist at all

The Independent UK

Bank of England plans sevenfold expansion of Leeds operation

One in 10 officials to be based in city within three years and 70-strong team will increase to 500

The Guardian - UK

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The Guardian - UK

More than 6,000 UK bank branches now gone in nine years of ‘disastrous’ closures

Thirty-three constituencies, including two in London, will not have a single bank branch by the end of the year, says Which?

The Guardian - UK

Three UK banks announce cuts to cost of fixed-rate mortgages

Barclays Bank, HSBC and TSB reveal changes, reversing some of price rises seen in recent weeks

The Independent UK

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week

Top News

Supreme Court Upholds Consumer Financial Protection Bureau's Funding Structure

Supreme Court upholds CFPB's funding structure, ensuring independence and consumer protection mandate.

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The National (Scotland)

'Stop this madness': Lloyds bank summit disrupted by climate and Gaza protests

THE Lloyds Banking Group’s annual general meeting (AGM) has been disrupted by pro-Palestinian and climate activists ...

WEKU

More Americans are falling behind on credit card bills

Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates.

The Hindu

DHFL scam: CBI arrests Dheeraj Wadhawan in ₹34,000-crore bank fraud

Former DHFL Director Dheeraj Wadhawan arrested by CBI for defrauding bank consortium of ₹34,000 crore.

The Hindu

Sub-Registrars directed not to harass public for trivial issues

Registration Department addresses delays, transparency issues, and workload analysis in 582 SROs across 56 districts in the State.

The Guardian - UK

Capital Group buys more than £110m in NatWest shares after UK government share cut

Leading US investor pours cash into shares after cut helps allay fears of state intervention

The Hindu

U.K. court rejects fifth bail plea of PNB scam accused Nirav Modi

Nirav Modi's fifth bail application denied in UK court, extradition to India pending despite legal processes.

The Hindu

Wine shop owners in Telangana bemoan cash seizure in election hustle

At least 150 outlets might have been affected by these searches of the 621 shops in the twin cities, Ranga Reddy and Medchal Malkajgiri districts.

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