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The Latest Breaking News on Financial Services

Santander UK staff brace for more job losses after 38% drop in full-year profits

‘Cost efficiencies’ programme planned for UK arm rocked by car loan commission scandal

The Guardian - UK

Late financier Evelyn de Rothschild accused of abuse during banking career

Exclusive: Several women claim City grandee exploited his position to harass or sexually assault them in the 1990s

The Guardian - UK

Citigroup commits to hybrid working, bucking Wall Street trend

Managers told letting most staff continue to work up to two days from home will give bank competitive advantage

The Guardian - UK

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UBS Profit Beats Forecast As Credit Suisse Merger Nears End

Switzerland's biggest bank posted a net profit of $770 million for the last three months of 2024, compared with a $279 million loss in the same period a year earlier as it wrestled with the weight of integrating its closest domestic rival.

International Business Times

Lloyds says services ‘back to normal’ after outage

Lloyds Bank and Halifax customers reported issues with payments on Monday morning, in the latest service issue to hit the sector.

Evening Standard

Big bank clips rates as RBA mulls next move

Strong retail spending figures are not expected to deter the Reserve Bank from cutting rates at its next meeting as one big bank lowers fixed-rate loans.

AAP

JPMorgan’s $4bn delivery of gold bullion adds to fears Trump’s tariffs will reshape global trade

US bank, world’s biggest bullion dealer, says it will deliver raw material against contracts that will expire in February

The Guardian - US

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Barclays IT glitch locks customers out of accounts for almost 24 hours

Outage comes on HMRC’s deadline day for settling self-assessment tax returns and a pay day for many workers

The Guardian - UK

‘He spent thousands’: how a bank team tries to rescue scam victims

Santander’s specialist squad aims to save customers from the grips of fraudsters offering romance and more

The Guardian - UK

Barclays customers ‘still unable to make payments’ as mass bank outage continues

On Friday, the bank apologised to customers, saying they were ‘currently facing intermittent errors’ with their payment system.

Evening Standard

The money conversations to have while on a date or in a longer-term relationship

Are you and your partner financially compatible? Here’s how to kickstart some key conversations which could help you to find out.

The Independent UK

Bank fee revenue rises for first time in seven years

A rebound in overseas spending and a jump in mortgage holders refinancing their home loans boosted Australian banks' fee revenue by five per cent in 2023/24.

AAP

More than a dozen Bank of Scotland branches set to close – see full list

MORE than a dozen Bank of Scotland branches are set to close across the country as Lloyds Banking Group accelerates its plans to cut costs by moving…

The National (Scotland)

Lloyds Banking Group: Full list of where branches will close

The company said it will shut 136 branches across Lloyds, Halifax and Bank of Scotland by March next year.

The Independent UK

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The Guardian - UK

Lloyds Banking Group to shut another 136 UK high street branches

Lloyds, Halifax and Bank of Scotland branches to close as group accelerates shift to digital and mobile banking

The National (Scotland)

First look at £200m revamp of Lloyds banking HQ in Scotland

LLOYDS Banking Group has announced plans to transform its Port Hamilton building in Edinburgh city centre into a "state-of-the-art innovation…

Evening Standard

Barclays signed up as new lead sponsor at Lord's cricket ground

The high street lender is already title sponsor of Barclays’ Women’s Super League, banking partner of the Premier League and banking partner of Wimbledon.

International Business Times

Italy's Monte Dei Paschi Bids 13.3 Bn Euros For Mediobanca

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector.

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news in one place.

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The Independent UK

What is the current account switch service and how can you use it to earn money?

Moving banks is far less hassle than you might think thanks to a free switching tool

The Guardian - UK

Barclays CEO’s maximum pay could rise by 45% to more than £14m

New deal being considered by board cuts fixed pay but allows for much higher bonuses

The Independent UK

MPs back Bill to prevent taxpayers being ‘on the hook for small bank failures’

The Government has said the mechanism would provide more flexibility.

The Guardian - UK

Manhunt begins after murder of banking executive in London flat

Police believe the suspect was known to Marianne Kilonzi, who worked at Citibank, and may have fled the country

The Guardian - UK

‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics

Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch

Evening Standard

Why could Santander bank leave the UK?

The bank has not been performing as well as expected and its owner, Banco Santander, may be looking at an exit

The Guardian - UK

Santander rushes guidance to managers as it reviews its future in UK

Bank is considering sale of British business amid mounting frustrations over regulation

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