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The Latest Breaking News on Financial Services

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

Evening Standard

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

The Guardian - UK

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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.

International Business Times

Pacific to bank on ANZ thanks to Australian guarantee

The federal government will provide a $2 billion guarantee to ANZ bank in the Pacific for it to continue services as Australia works to lock out China.

AAP

Jes Staley admits having sex with Jeffrey Epstein staff member at paedophile's brother's New York apartment

Ex-Barclays boss said he was introduced to the woman by Jeffrey Epstein, the encounter was consensual and that ‘she was a part of his staff as I recall’

Evening Standard

Bank of England drops diversity rules for City firms as US rolls back DEI

The Bank’s enforcement arm, the Prudential Regulatory Authority, revealed the decision on Tuesday in the wake of major US firms scrapping diversity goals

The Independent UK

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Top City watchdogs drop new diversity and inclusion rules for firms

FCA and Bank of England’s PRA join retreat from efforts to help underrepresented groups, citing ‘regulatory burdens’

The Guardian - UK

Areas with fastest and slowest falls in ATM withdrawals since pandemic revealed

In general, locations which are more deprived are moving away from cash more slowly, ATM network Link said.

The Independent UK

Peers working for City firms dominate Lords panel scrutinising financial sector

Committee criticised regulator’s proposals to name and shame companies under investigation

The Guardian - UK

JPMorgan CEO Jamie Dimon accuses ‘people in the middle’ of being the only ones against his RTO policy

Hybrid model ‘doesn't work in our business,’ JPMorgan Chase CEO says

The Independent UK

Staley pushed JP Morgan to keep Epstein as client despite human trafficking concerns, court hears

Former Barclays boss told Jeffrey Epstein suspicious withdrawals from his account were being investigated

The Guardian - UK

What can Canada expect from its next PM? The Mark Carney I knew

In his seven years as Bank of England governor, Carney was charming and self-confident but had a volcanic temper

The Guardian - UK

Jes Staley tells court that City regulator ‘seeks to destroy’ his reputation over Epstein ties

Ex-Barclays CEO says FCA made ‘no attempt’ to understand his relationship with child sex offender Jeffrey Epstein

The Guardian - UK

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The Guardian - UK

Barclays chair did not ask Staley if he was in touch with Epstein before ruling it out to FCA, court hears

Nigel Higgins agrees with lawyer that some of Staley’s ‘affectionate’ emails might seem ‘odd to an Englishman’

The Independent UK

Scam warning for learner drivers after bank records jump in reported cases

Learner drivers are losing £244 on average to bogus offers of lessons and tests, according to figures from Lloyds.

International Business Times

'Got Cash?' Tunisians Grapple With New Restrictions On Cheques

Olfa Meriah stands, frustrated, before a smartphone shop near the capital Tunis.

The Independent UK

Who is the man who will become the next prime minister of Canada?

Former central banker Mark Carney will become Canada’s next prime minister after he won Liberal Party leadership vote in a landslide

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Evening Standard

Bank of England head had ‘clear impression’ that Staley was ‘close’ to Epstein

Andrew Bailey, who was chief executive of the Financial Conduct Authority from 2016 to 2020, appeared at the Upper Tribunal in London on Friday.

The National (Scotland)

Ian Murray calls for Scottish investment bank to be able to fund defence firms

SCOTTISH Secretary Ian Murray has called for the Scottish National Investment Bank (SNIB) to be able to invest in defence companies.

The Independent UK

Coventry Building Society sees yearly profit fall as mortgage costs ease

The building society, which is the second largest in the UK, bought The Co-operative Bank at the beginning of the year.

The Independent UK

Santander down: Banking app not working as customers unable to make transactions

Santander’s services have gone down in a major outage.

The Independent UK

Santander down: Users hit by outage affecting banking app and other services

Santander said it was aware of the issue and was working to fix it

Evening Standard

Santander users hit by outage affecting banking app and other services

The firm said it was aware of the issue and was working to fix it.

The Guardian - UK

Bank and building society users hit by 33 days of outages in two years, say MPs

Treasury committee finds disruption a result of 158 IT incidents affecting millions of customers

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