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The Latest Breaking News on Financial Services

Nationwide should give its boardroom challenger a fair run

James Sherwin-Smith’s candidacy is a test of the building society’s commitment to mutual values

The Guardian - UK

HSBC ‘reviewing’ private school perk for bankers in Hong Kong

Hundreds of senior staff in territory benefit from nearly £30,000-a-year grant per child not available to staff in group’s other hubs

The Guardian - UK

NatWest faces AGM showdown over ‘climate backtracking’

Shareholders including the Church of England back call for protest votes against bank’s chair

The Guardian - UK

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Bank of England expert predicts global stock market fall and questions ‘are we prepared?’

The FTSE 100 is up more than 24 per cent across the last year – nearly six times the rate of some of the best cash returns in that time

The Independent UK

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view

The Guardian - AU

Capital One settlement: Here’s how to get your share of the $425M

The dispute was over how Capital One handled the transition from its 360 Savings account to its 360 Performance Savings account

The Independent UK

Hope for borrowers as Skipton and Barclays cut mortgage rates

“Volatile” conditions persist in mortgage market, but cheaper loans are available to some

The Independent UK

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Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says

Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence

The Guardian - UK

Big bank takes action as Middle East crisis rolls on

National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.

AAP

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

The Guardian - UK

Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report

Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.

International Business Times

Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs

Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire

The Guardian - UK

Boost for buyers as Santander becomes first major lender to cut mortgage rates since Iran war

Mortgage experts say the reductions are a good sign, though it’s still unclear when cheaper mortgages will return

The Independent UK

Banks in US to soon collect citizenship information, Scott Bessent says it's not unreasonable

Treasury Secretary Scott Bessent said that the proposed executive order that would make it mandatory for banks to collect citizenship information is in the process. “It’s in process. And I don’t think it’s unreasonable, because: Why don’t we have information on who’s in our banking system? I have a place…

The Times of India

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The Guardian - UK

Jamie Dimon says private credit defaults are not threat to major banks

Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss

Latin Times

Treasury Chief Touts Plan to Require Proof of Citizenship to Open Accounts: 'Why Don't We Know Who's in Our Banking System?"

The proposal could apply not only to new customers but to existing account holders raising the prospect of large-scale compliance requirements for financial institutions

The Independent UK

Nationwide named UK’s best bank

The building society beat the likes of Monzo and HSBC’s first direct to top spot

International Business Times UK

Retired Couple Lost $10M Over Years — Until A $1,500 Check Exposed Elder Financial Abuse

A routine banking alert over a $1,500 check exposed a massive $10 million fraud by a personal assistant, highlighting the importance of vigilance in financial oversight.

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news in one place.

100's of premium titles.
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AAP

Beware the 'urgent' email at the end of the working day

Australian businesses, large and small, are losing millions to email scams each year, reinforcing the need to ensure staff can spot red flags.

Latin Times

Spain Arrests Suspected Tren de Aragua Fugitive Wanted by U.S. Over ATM Hacking Scheme

The arrest was carried out by a joint task force within the National Police created specifically to combat Tren de Aragua

The Guardian - UK

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

International Business Times

Reta Jo Lewis: The Art of Leading in a World that Refuses to Slow Down

With a 30-year career, Lewis has undertaken senior roles in diplomacy and trade across three presidential administrations, along with leading the Export-Import (EXIM) Bank of the United States at a moment when global competition sharpened and supply chains became strategic.

The Guardian - UK

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel Reeves

International Business Times

Jamie Dimon's Annual Letter To Shareholders Warns Geopolitical Risks Could Herald Investor Caution

JPMorgan Chase reports record revenue and net income, rewarding shareholders with increased dividends, while CEO Dimon underscores the importance of disciplined growth and technological investment.

The Guardian - UK

Jamie Dimon says US should strengthen allies economically, in veiled criticism of Trump

JP Morgan boss warns of risks of higher inflation and interest rates due to Iran war in annual letter to shareholders

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