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The Latest Breaking News on Financial Services

Rates cut but borrowers told not to bank on more relief

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

AAP

Santander mortgage cap jumps by as much as 24% as bank eases lending rules

Some higher-earning couples with smaller deposits could borrow extra £130,000 as a result of overnight changes

The Guardian - UK

All the Santander branches closing this week including two in London

The closures are part of a larger restructuring plan to close 95 of its 444 branches across the UK

Evening Standard

From analysis to the latest developments in health,
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The Guardian view on climate finance: crumbling under a second Trump presidency

Editorial: Voluntary climate commitments were supposed to be a step towards progress. A change in political climate has revealed their weaknesses

The Guardian - UK

Best Banks for Retirees 2025

National banks offer a wide variety of accounts and services, including wealth and investment management. Here's Kiplinger's pick of the best.

Kiplinger

Best Banks for High-Net-Worth Clients 2025

National banks offer a wide variety of accounts and services, including wealth and investment management. Here's Kiplinger's pick of the best.

Kiplinger

Best Banks for Travelers 2025

If you travel frequently, you may be drawn to these accounts for features such as fee-free ATM access and waived currency-conversion charges. And even if you’re not a jet-setter, you may find these options enticing.

Kiplinger

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Best Credit Unions 2025

Credit unions are nonprofit institutions that are owned by their members. Many of them keep fees down and offer respectable interest rates on at least some of their accounts.

Kiplinger

Best Internet Banks 2025

Internet banks offer a wide variety of accounts and services, including wealth and investment management. Here's Kiplinger's pick of the best.

Kiplinger

Major lenders see share prices surge after car finance mis-selling ruling

A court ruling means payouts will be at the lower end of initial estimates – though are still worth billions

The Independent UK

Shares in lenders soar after motor finance court ruling

Lloyds Banking Group and Close Brothers saw big share gains after the industry won a reprieve in the motor finance case before the UK’s highest court.

The Independent UK

EU-US trade deal hits investor confidence; Tesla awards Elon Musk almost $30bn of shares – as it happened

Rolling coverage of the latest economic and financial news, as shares in Lloyds and Close Brothers jump

The Guardian - UK

High street banks lose £100bn in deposits as UK savers shift to online rivals

KPMG says higher savings rates are fuelling move to challenger banks, specialist lenders and building societies

The Guardian - UK

Barclays follows HSBC in exit from banking industry’s net zero alliance

US banks have already pulled out of NZBA, the UN environment programme’s finance initiative

The Guardian - UK

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The Independent UK

Barclays becomes second UK bank to quit industry’s net zero group

The lender joins the growing trend after US banks starting leaving the Net Zero Banking Alliance ahead of Donald Trump’s inauguration.

The Guardian - UK

‘Shame on them’: Standard Chartered CEO decries banks that drop climate pledges

Bill Winters criticises those that have rowed back on green commitments or have gone quiet amid political pressure

The National (Scotland)

Uniqlo store's historic colonial ties uncovered by Scottish university research

A SCOTLAND-BASED lecturer who has worked with a French Uniqlo store to install an information plaque on colonialism in their building is urging…

Kiplinger

Smart Ways to Save Money at Museums

Want to save money at museums, art galleries, zoos and gardens? Use these tips to get free or discounted admission to national and local collections.

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International Business Times

London Court Rules Oligarch Liable Over $1.9 Bn Ukraine Loan Scheme

The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.

The National (Scotland)

Santander axes 2000 jobs and warns more cuts are possible

High street lender Santander UK revealed it has axed over 2,000 jobs and warned more roles may need to be cut as part of an ongoing overhaul.

International Business Times

HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

The Guardian - UK

HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth

Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget

The Independent UK

Major bank slashes thousands of jobs in company overhaul

Santander reported a 5 per cent decline in pre-tax profits, reaching £764 million for the first six months of 2025

The Independent UK

Barclays joins rival in cautioning against hiking bank taxes

The lender’s boss said raising taxes for banks and other important sectors was not consistent with the Government’s pro-growth aims.

The Guardian - UK

Nationwide building society’s members deserve real votes

Governance needs overhaul after there was no vote on Virgin Money takeover and vote on CEO’s £7m pay was only advisory

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