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The Latest Breaking News on Financial Services

Business confidence in Scotland at highest level in eight months

BUSINESS confidence has risen to its highest level in eight months, according to a Royal Bank of Scotland (RBS) survey ...

The National (Scotland)

Buy now, pay later loans will now affect US credit scores – what does that mean for consumers?

The change has some users of BNPL loans worried, but financial experts say the move could benefit borrowers

The Guardian - US

Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

The Guardian - UK

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Santander's TSB takeover: What it means for your account

Santander's acquisition of TSB for £2.9 billion could reshape UK banking, affecting 5 million account holders. Here's what it might mean

Evening Standard

After SC verdict, why were over 8,000 electoral bonds still printed?

In February 2024, the Ministry of Finance ordered the State Bank of India to stop the printing of electoral bonds. This was 12 days after the Supreme Court declared the scheme unconstitutional.

Newslaundry

Michigan Bank Robber Coaxed Out of Standoff With Soda Dangling From Drone Before Police Shot Him

A Michigan bank robbery suspect was fatally shot by police after being lured to a window with a Faygo Red Pop delivered by drone.

Latin Times

Big bank shifts rate cut tip as retail sales disappoint

A slow start to the year for consumers continues, with weaker-than-expected retail sales a sign of "scarring" from a spike in inflation.

AAP

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IMF Urges Swiss To Strengthen Bank Resilience

The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the flaws exposed by the collapse of Credit Suisse.

International Business Times

ADB Acting On US Concerns Over China, Bank Chief Tells AFP

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy.

International Business Times

Pro-Palestine campaigners stage protest outside Wimbledon tennis championships over Barclays sponsorship

Palestine Solidarity Campaign (PSC) protesters target opening of the championships at the All England Club

Evening Standard

Major UK bank will now pay you £185 to switch to them

Banks and building societies can pay you to move to them but be sure to check the product suits your needs

The Independent UK

Zopa launches current account with cashback and 7.1% on savings

Digital bank hopes to tempt switchers with package including in-credit interest and fee-free travel spending

The Guardian - UK

Ex-Barclays boss Staley loses bid to overturn UK ban over Epstein ties

Former CEO of Barclays Bank Jes Staley has lost his legal challenge against a U.K. financial regulator's decision to ban him from senior financial roles

The Independent UK

Ex-Barclays chief loses bid to overturn ban over Epstein ties

Mr Staley told the tribunal that while he had a close professional relationship with Epstein, it was not a close personal friendship

The Independent UK

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The Guardian - UK

British Business Bank back in the spotlight with £10bn UK growth mandate

Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiry

The Independent UK

Zopa enters current account market offering cashback and 7.10% savings interest

The new account, called Biscuit, offers 2% interest on balances and 2% cashback on bills, plus 7.10% interest on regular savings.

Evening Standard

British Business Bank invests in entrepreneurs in £6.6bn funding commitment

The UK Government’s development bank has revealed the investment plans as part of Sir Keir Starmer’s 10-year industrial strategy announcement.

The Guardian - UK

Goldman Sachs warns Brent crude could hit $100 per barrel if strait of Hormuz is disrupted; oil dips as Trump demands lower prices – as it happened

Rolling coverage of the latest economic and financial news

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The Guardian - UK

Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – as it happened

UK central bank split 6-3 on interest rate decision, and warns that escalating Middle East conflict is pushing up energy prices

The Independent UK

Redemption Bank becomes the first Black-owned bank in the Rockies

Redemption Holding Company has just acquired the Utah-based Holladay Bank & Trust, becoming the first bank to be owned by a Black-led investment group in the Western U.S. This comes two years after their initial announcement, in which the purchase was delayed due to the collapse of Silicon Valley Bank

The Guardian - UK

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

The Guardian - US

World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds

Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises

The Guardian - UK

Metro Bank sobers up and attracts a suitor

A lift in share price shows the market expects a deal, but Metro v 2.0 doesn’t need to jump at a takeover at any price

The Guardian - UK

Metro Bank shares surge on talk of private equity takeover

Potential uncertainty for customers and staff as Shawbrook owner Pollen Street Capital sounds out bank’s bosses

The Independent UK

Glasgow-raised Nationwide and Greggs bosses among businesswomen honoured

Debbie Crosbie, the only woman to lead a ‘big six’ bank in the UK, has been given a damehood for her services to financial services.

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