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The Latest Breaking News on Financial Services

Jamie Dimon Backs Buffett Rule: Advocates 30% Tax for Millionaires to Help Cut $35 Trillion National Debt

Jamie Dimon calls for debt reduction and supports the Buffett Rule, which would increase taxes on the wealthy, amid US economic challenges.

International Business Times UK

Race for UK banks to repay £100bn in Covid loans could help savers

Lenders may look to attract more deposits from savers to raise funds to repay Bank of England pandemic-era loans

The Guardian - UK

‘Kafkaesque’: bank blocks cash transfer, saying it could be an AI scam

Starling’s fraud team repeatedly refused to allow UK man to send £12,800 to friend in Austria, then froze account

The Guardian - UK

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Monzo rated as Britain’s top bank in survey of 36,000 people

The Competition and Markets Authority has published the findings of its latest survey.

The Independent UK

Texas comptroller adds NatWest to list of companies ‘boycotting’ fossil fuel firms

The bank is latest to be named by officials in the US state, which has law to protect oil and gas sector

The Guardian - UK

Barclays planned to withdraw from Israeli bond auctions: Report

UK bank wanted to quell criticism over involvement with defence firms supplying Israeli military.

Al Jazeera

Corruption scandal threatens to derail Haiti's newly-formed transitional council

Three of its members are accused of demanding over $750,000 from the director of a state-owned bank to let him keep his job

Latin Times

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Commonwealth Bank to stop financing fossil fuel companies that don’t comply with Paris climate goals

Shareholders and customers of ANZ, Westpac and NAB are bound to demand their banks do the same, expert says

The Guardian - AU

NatWest latest major lender to offer sub-4pc mortgage rate in new price war

The high street lender began offering a 3.89 per cent deal with a £1,495 fee on Tuesday, following hot on the heels of other attractive offers for homeowners from Santander, Barclays, HSBC and Halifax

The Independent UK

NatWest joins the rate cutting stampede with 3.89% mortgage deal

Rush of “sub-4” deals is expected to reinject energy back into sluggish property market

Evening Standard

Top Five Benefits of Peer-to-Peer Lending

Flexibility of terms and fast application processing are just two of the perks of P2P lending over traditional lending.

Kiplinger

Entrepreneurial excellence: 2024 Lloyds Bank British Business Excellence Awards finalists announced

Discover the best of British business, as the nominees for these prestigious awards are revealed

The Independent UK

Barclays becomes first UK bank to lift EU cap on bankers’ bonuses

In a memo sent to staff Barclays confirmed it was dropping the bonus cap, which will allow employess to earn up to 10 times their salary

The Independent UK

Barclays seizes on post-Brexit rules to give bumper bonuses to top bankers

BARCLAYS has become the latest financial giant to allow top bankers the chance to earn eye-watering bonuses as part of a post-Brexit bonanza for fat…

The National (Scotland)

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The Guardian - US

Cello-playing climate activist arrested at New York Citibank protest as crackdown escalates

Second activist also arrested during ‘summer of heat’ protest against second largest financier of fossil fuels

The Guardian - UK

Barclays becomes first UK bank to lift cap on bonuses

Memo to staff reveals dropping of restriction, allowing payouts worth up to 10 times bankers’ salaries

Evening Standard

HSBC and Barclays slash five-year fixed mortgage rates to below 4%

Home loan price war is expected to boost the property market in the Autumn

The Guardian - UK

Big UK banks need to do more to be ready for potential failure, says Bank of England

BoE warns lenders including Barclays and Standard Chartered in effort to prevent social media-driven runs

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Evening Standard

Bank of England seeks action from Britain's biggest banks on crisis plans

Threadneedle Street eyes lessons to be learned after SVB and Credit Suisse demise

Kiplinger

You Can Now Open a 100-Year CD. But Should You?

With a 100-year CD, you could potentially leave millions to a charity or future generation.

The Guardian - UK

Metro Bank returns from the brink but tough road lies ahead

The challenger bank has often taken chances but a new business model positions it as more the opportunist rather than the rebel

Tom’s Guide

FBI issues warning over scammers impersonating banks to steal your debit cards

Scammers are calling victims on the phone impersonating their bank while an accomplice goes to their home to get the chip and PIN from their debit card.

The Guardian - UK

Credit cards: ‘My spending limit was slashed by 90%’

How much banks will let you borrow can change without warning. One Money writer had theirs cut, while another’s was increased by a quarter

International Business Times UK

Chase Credit Card To Ban 'Buy Now, Pay Later' Schemes Starting Oct. 10 - Here's Why

JPMorgan Chase has prohibited customers from using its credit cards to repay third-party buy-now-pay-later loans, encouraging customers to use its BNPL service.

Evening Standard

Bank branch closures, August 2024: full list of UK sites shutting including Lloyds, Halifax and Barclays

A host of big name banks are closing their doors for good at a number of sites around the UK in the coming weeks

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