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The Latest Breaking News from Barclays

JPMorgan doesn’t want CEO Jamie Dimon questioned under oath in Jeffrey Epstein case

The bank said its CEO was “not relevant” in the lawsuit being brought by the U.S. Virgin Islands.

Fortune

Banking giants asked to explain why some savings rates remain so low

The Treasury Committee is asking major banks for a breakdown of the revenue and profits generated from their savings products.

The Independent UK

Tesla's Buys On Wall Street Are Higher Than Ever

As shareholders pick up many more of Tesla’s shares, the company has more support from Wall Street analysts than ever, with a similar rise in “Buy” ratings.

InsideEVs

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read the most diverse news in one place.

‘How I learned to manage my money better’: the life skills programme that’s making an impact

In-depth advice and support for job interviews, budgeting and being more confident is helping people develop skills for the world of work that will open up opportunities

The Guardian - UK

Hydrogen-powered cars and high-tech animal feed: two sustainable ventures on finding funding and creating jobs

Entrepreneurs with big ideas for taking on some of the world’s biggest social and environmental challenges need finance and support to bring their innovations to market. Here’s how one bank is stepping in to back these businesses

The Guardian - UK

Big banks are raking in billions, and we all pay the price – time for a new windfall tax

Rises in interest rates are driving unemployment, low wages and poverty while the banks cash in, says campaigner Fran Boait

The Guardian - UK

Jeffrey Epstein’s long shadow falls on JPMorgan and Barclays once more

Newly public allegations about the convicted sex offender’s relationship to Jes Staley include 1,200 emails and ‘seductive’ photos

Financial Times

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Cruel ‘scam of mum and dad’ sparks a regulatory crackdown

Rules are set to be tightened to help reimburse victims of fraudsters exploiting parents’ instinct to help their offspring

The Guardian - UK

B&Q, Wetherspoon, Subway - all the shops, pubs and banks closing in 2023 listed

Because of the cost of living crisis, an increasing number of businesses have been forced to close down. These include independent shops as well as bigger chains of pubs, bars and supermarkets

Daily Mirror

Too slow and too secret? Pace of Staley investigation undermines trust

City watchdog’s investigation into former Barclays chief executive’s account of his relationship with Jeffrey Epstein needs resolution

The Guardian - UK

91% of card payments were contactless last year

Across all age groups, contactless users made an average of 220 “tap and go” transactions last year

Wales Online

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Contactless users made an average of 220 such transactions last year and contactless use particularly increased among over-65s, according to Barclays.

The Independent UK

Ex-Barclays boss accused of holding discussions with Jeffrey Epstein about photos of young women

US lawsuit claims Jes Staley received pictures of young women in seductive poses from the sex offender

The Guardian - UK

Who is Kate Forbes? The former minister who could replace Humza Yousaf

KATE Forbes could be a contender in the race to replace Humza Yousaf.

The National (Scotland)

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The Guardian - UK

Barclays staff to share £1.2bn in bonuses despite drop in profits

The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers

Evening Standard

Former Barclays boss Jes Staley gets £2.3m pay-off, fight with FCA over Epstein continues

Barclays profits slide on investment bank and litigation woes

Chronicle Live

Fears betting shop in former Ashington bank could cause rise in crime and gambling

Boylesports want to open a betting shop in the old Barclays bank in Ashington

The Guardian - UK

NatWest poised to report biggest profits since 2008 financial crisis

Expected hike in bonuses could also prove controversial given cost of living crisis and government’s stake

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news in one place.

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Wales Online

Homesense, Wetherspoons, Halifax and Barclays to close Welsh branches soon

Branches are set to close across different parts of Wales

Evening Standard

Bank profits poised to top £40 billion while UK economy struggles

Calls for windfall tax likely as bank profits hit record

Insider UK

Bosses of major banks defend branch closures

In a Treasury Committee hearing they also denied relying on customer account switching inertia

The Independent UK

Bosses of major banks defend branch closures to MPs

Chief executives from NatWest Group, Barclays UK, HSBC UK and Lloyds Banking Group appeared before the Treasury Committee.

Wales Online

Retailers endure disappointing January as consumers brace for further bill rises

Own-brand ranges remain popular across food and non-food products

The Independent UK

Retailers suffer disappointing January as consumers brace for more bill rises

Total UK retail sales increased by 4.2% in January, less than half the 11.9% rise seen a year earlier, according to the BRC-KPMG retail sales monitor.

Liverpool Echo

Full list of Barclays, Natwest, HSBC, Lloyds and Halifax bank branches closing in 2023

Several branches are closing in Merseyside

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