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The Latest Breaking News on Financial Services

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.

Tom’s Guide

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

The Guardian - 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.

International Business Times UK

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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

Evening Standard

Barclays chief praises Wimbledon bosses for ‘resisting’ calls to drop bank’s sponsorship

UK lender has faced backlash for providing services to climate polluters and defence firms with alleged links to Gaza war

The Guardian - UK

HSBC shareholders to receive further $4.8bn as profits rise

Outgoing CEO Noel Quinn will have paid $34.4bn to investors during final 18 months in post

The Guardian - UK

Readers reply: Why do Visa and Mastercard advertise to consumers?

The long-running series in which readers answer other readers’ questions on subjects ranging from trivial flights of fancy to profound scientific and philosophical concepts

The Guardian - UK

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Barclays issues romance scam warning after seeing a jump in claims

Men are more likely to report falling victim to a romance scam, but women are more likely to lose more money, according to the bank’s analysis.

The Independent UK

NatWest takes £24m hit from abandoned ‘Tell Sid’-style campaign

Bank left with costs from Sir Trevor McDonald-fronted campaign after early election halted rollout

The Guardian - UK

Four major banks breached rules to help keep customers informed

Lloyds, TSB and AIB have confirmed they are making changes and HSBC has been issued with directions, the Competition and Markets Authority said.

The Independent UK

Lloyds predicts drop in defaults on loans and mortgages as UK economy improves

Bank sets aside just £44m for bad debts and defaults in second quarter amid upbeat outlook

The Guardian - UK

Banks closing branches will have to protect customers’ access to cash – watchdog

The Financial Conduct Authority said new rules will come into effect from September 18.

The Independent UK

Who is unbanked in the US?

How do the 6% of Americans without a bank account use their money?

USAFacts

Stock market today: Asian shares are mixed after Wall Street breaks losing streak

Shares are mixed in Asia after a rally on Wall Street

The Independent UK

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The Guardian - UK

Northern Rock ‘mortgage prisoners’ sue TSB subsidiary that bought their loans

Borrowers say Whistletree charged inflated interest rates when it took on their debt after lender’s collapse

The Guardian - UK

Exiled pro-democracy Hong Kong activists blocked from accessing pensions

Case raises questions about complicity of western financial institutions in persecution of Chinese government critics

Latin Times

JPMorgan Chase commits $6 Million Investment to expand Latino homeownership opportunities

Philanthropic funding will support UnidosUS capacity building and their HOME (Home Ownership Means Equity) initiative

Top News

Treasury Department Warns Against State Laws Restricting Banks

Treasury Department warns against state laws limiting banks from considering ESG factors, citing national security risks.

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news in one place.

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The Independent UK

NatWest makes banking app available on Apple’s Vision Pro headset

Personal banking customers of NatWest and its sister brands, Royal Bank of Scotland and Ulster Bank, will be able to use the technology.

The Guardian - UK

Canary Wharf Group to carve chunks out of HSBC tower after bank leaves

Revamp of 42-storey block when bank moves out in 2027 will include new terraces and leisure facilities

The Guardian - UK

‘More politicised than any other bank’: HSBC’s new boss prepares to ride the Chinese tiger

Georges Elhedery learned Mandarin in preparation for the top job, a sign that he grasps exactly where his lender’s strength and weakness lie

The Independent UK

Nationwide admits it faces ‘challenges’ in years-long Virgin Money merger

The building society defended the £2.9 billion takeover to members during its annual general meeting on Wednesday.

International Business Times

HSBC Names CFO Elhedery As Next Chief Executive

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive to drive "the next phase of development and growth".

The Independent UK

Lloyds Bank sued for discrimination by employees disciplined over pro-Palestine views

Afra Sohail and Aunngbeen Khalid were subject to disciplinary action for their comments by their employer Lloyds Bank

The Guardian - UK

Disused Lloyds office sites to be converted into social housing

Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s

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