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The Latest Breaking News on Financial Services

HSBC becomes first UK bank to quit industry’s net zero alliance

Campaigners condemn ‘troubling’ move that follows departure of six of largest US banks after Trump’s election

The Guardian - UK

Wages at top bank's Glasgow HQ 'closer to India than America'

THE wages of workers at a major bank’s Glasgow base are reportedly closer to those it pays in India than in America.

The National (Scotland)

Barclays launch new sub-4% mortgage to compete with best rates on market

Several lenders are now offering deals with interest rates below 4% - but you need to meet certain criteria

The Independent UK

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Is Your Local Bank Closing? Why Branches Are Disappearing Nationwide

Major banks are closing branches across the U.S. Discover what's behind the trend and how it could affect your access to in-person banking.

Kiplinger

John Lewis beats M&S and Ocado to be top of the shops for customer satisfaction

Waitrose and Greggs saw customer satisfaction levels fall significantly

The Independent UK

UK workforce exposed if global trade war intensifies, Bank warns

Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them if conditions worsen.

The Independent UK

Major bank fined £21m after allowing customers to register from Buckingham Palace and Downing Street

The FCA said Monzo’s financial fraud systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in recent years.

The Independent UK

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Monzo fined £21m after customers used No 10 and Buckingham Palace as addresses

FCA finds digital bank failed to employ adequate controls when signing up new clients

The Guardian - UK

Afternoon Update: RBA’s surprise decision; how world reported mushroom verdict; and Valerie the dachshund’s new job

The decision came as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting

The Guardian - AU

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

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

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Latin Times

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.

AAP

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.

International Business Times

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.

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Evening Standard

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

The Independent UK

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 Guardian - 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 Independent 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 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.

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