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The Latest Breaking News on Financial Services

Regional bank sees stronger loan growth on the horizon

A regional bank has earmarked money to deal with regulatory issues after reporting a dip in net cash earnings, partly driven by a fall in lending.

AAP

Bank bosses get huge pay rises in sign top City salaries back to pre-crash highs

Nat West CEO’s £6.6m pay package for 2025 is largest for group since disgraced Fred Goodwin’s £7.7m in 2006

The Guardian - UK

Attempt to modernise NS&I has been a ‘full-spectrum disaster’, MPs find

Spending watchdog says state-owned bank exposed taxpayers to ‘unacceptable risk’ as cost spiral to £3bn

The Guardian - UK

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Bank business clients proving resilient, despite rates

One of the bright spots in Commonwealth Bank's interim results this week was its interactions with businesses, particularly in regional Australia.

AAP

Lloyds to close 95 branches - full list revealed

Lloyds will have 610 branches left open after these closures have been enacted

Evening Standard

Full list of Lloyds, Halifax and Bank of Scotland branches set to close

The exact number of job losses is not known at this time

The Independent UK

Shares in wealth manager plunge in earnings bloodbath

AMP shares have plummeted amid questions from analysts about why shareholders should watch their money being "torched" to fund the company's new digital bank.

AAP

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Commonwealth Bank posts record half-year cash profit as investors pile into housing market

CBA shares surge by 7% after bumper $5.45bn result while data shows owner-occupiers’ share of lending has decreased in tight property market

The Guardian - AU

Aussie shares soar to three-month highs as miners fly

A banking rally has sent Australian shares to three-month highs, while the Australian dollar hit its own milestone by reaching its highest value in three years.

AAP

'Stonking result': big bank basks in best day for years

Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".

AAP

London cowboy builder who fleeced victims out of over £100,000 jailed

Aaron Lee Taylor left his victims thousands out of pocket and sometimes with uninhabitable and unsafe homes

Evening Standard

Barclays CEO ‘shocked’ by Epstein revelations as bank deals with Staley fallout

CS Venkatakrishnan dismayed by ‘depravity and corruption’ revealed in Epstein files as he announces profits

The Guardian - UK

Barclays boss rewarded with £15 million pay package as bank delivers bumper profit

High street lender sees pre-tax profits rise by 13% to £9.1 billion in 2025

Evening Standard

FTSE 100 Live 10 February: Barclays boss gets £15m pay packet, BP halts buybacks

BP today halted share buybacks and reported a big fall in profits during a weaker session for the FTSE 100 index.

Evening Standard

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The Independent UK

Furious JP Morgan staff push back at CEO Jamie Dimon’s 5-day office return edict

About 2,000 employees have signed a petition asking for the return-to-office mandate be dropped

The Guardian - UK

Bank chairs backtracking on climate commitments could face shareholder revolts

Exclusive: Campaign group calls on institutional shareholders to vote against re-election of bosses overseeing net zero row-back

The Guardian - UK

Monzo wrongly denied refunds to thousands of fraud and scam victims

Ombudsman found bank wrongly rejected 34% of complaints last year, with NatWest and HSBC close behind

The Times of India

Judge warns Nirav Modi of ‘abuse of court process’ as he dismisses eleventh hour applications ahead of Bank of India trial

Fugitive diamond merchant Nirav Modi's bid to delay his trial against the Bank of India in London has been rejected. The court refused to adjourn the $8 million loan case, citing a pattern of delay. Modi, appearing from prison, also failed to amend his defence at the last minute, with…

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The Guardian - AU

Australian banks passed interest rate hikes on to mortgage holders – so why haven’t they done so for savings accounts?

There’s an obvious reason for the delay. But the banks still need to compete on savings rates to finance their operations

The Guardian - UK

Santander takes fresh swipe at City watchdog as its car loan scandal bill tops £460m

UK arm brands FCA’s compensation scheme ‘overreach’ as Spanish owner signs surprise $12bn takeover of Webster Bank in US

The Guardian - UK

A whiff of familiarity in Mandelson’s 2009 collusion with the banks

For Labour veterans of the financial crisis the Epstein files revealed a betrayal – but 16 years on, is the City calling the shots?

Evening Standard

Santander to cut costs further as profits rise despite another motor finance hit

The Spanish-owned lending giant reported a 14% rise in pre-tax profits to £1.51 billion for 2025.

Motorsport

Williams lands major deal with British bank as Santander drops off team partner list

Williams Racing has announced Barclays as its official banking partner for the 2026 F1 season

AAP

Female head for corporate watchdog in milestone move

Jim Chalmers says the next head of Australia's financial watchdog, Sarah Court, is an experienced litigator and leader and will make a positive impact.

The Guardian - UK

Santander to close further 44 branches as it gears up for £2.6bn takeover of TSB

Closure of one in eight sites puts almost 300 branch-based workers’ jobs at risk

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