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The Latest Breaking News on Financial Services

Bank plunge could spell end of an era for ASX investors

Big retail banks have driven returns on the ASX for years, but global asset manager VanEck believes they are overpriced and mid-caps offer better opportunities.

AAP

Nationwide launches new banking app feature to hide abusive payment references

The move is aimed at safeguarding survivors

The Independent UK

If you used a Bank of America card at a 7-Eleven ATM, you are eligible to receive money after settlement

The disputed fees were charged at FCTI-owned 7-Eleven ATMs between May 1, 2018, and November 16, 2021

The Independent UK

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CBA shares suffer biggest drop ever after earnings miss

Australia's largest bank turned a smaller-than-expected quarterly profit of $2.7 billion because it set aside more cash to protect from loans that go bad.

AAP

JP Morgan could scrap £3bn London HQ if Starmer is replaced by PM ‘hostile to banks’

Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lenders

The Guardian - UK

UK households cut back spending at fastest rate in 16 months, Barclays says

Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war fallout

The Guardian - UK

Advisers urge JP Morgan investors to vote to split chair and CEO positions

SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles

The Guardian - UK

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Revealed: The five high street banks with the most customer complaints

In total banks paid out £236.2m to complainants, with the average pay-out totalling £215

The Independent UK

'Come in person': How a bank gave Pope Leo a reality check

Leo identified himself as Robert Prevost. The bank employee asked the required security questions, listened to him, and then delivered the verdict familiar to anyone who has ever dealt with institutional procedure: he would have to come in personally.

The Times of India

Global Watchdog Flags Risks In $2T Private Credit Market As Lending Links Deepen Across Finance Sector

A major global financial watchdog has called for stronger regulatory scrutiny of the rapidly expanding private credit sector, warning of increased vulnerabilities across global markets.

International Business Times

JPMorgan offered $1 million, Chirayu Rana demanded $20 million in sexual harassment lawsuit against Lorna Hajdini: Report

A high-stakes legal battle involving JPMorgan and a sex scandal has taken a fresh turn, with new details revealing a huge gap between settlements sought and offered before a controversial sexual harassment lawsuit became public.

The Times of India

Reinstate windfall tax on banks after surge in profits, TUC urges

Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter

The Guardian - UK

Man arrested over alleged offensive shirt outside royal commission venue – as it happened

This blog is now closed

The Guardian - AU

FBI Warns Of Bank Call Scam Draining Savings In Minutes — How Fraudsters Trick Victims

Authorities in the US warn of a surge in banking spoof scams, where criminals impersonate bank staff to steal money. Victims are urged to verify requests and contact banks directly.

International Business Times UK

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Evening Standard

HSBC profits worse than forecast after jump in bad debt provisions

The UK lender reported first-quarter pre-tax profits of £9.4 billion US dollars (£6.96 billion), down from 9.5 billion (£7 billion) a year earlier.

The Guardian - UK

HSBC profits fall amid $400m fraud-related charge and Iran war

London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict

International Business Times UK

4 Photos of Chirayu Rana's Parents After Former JPMorgan Banker Accused of Faking Dad's Death to Take Months Off

Chirayu Rana, an ex-JPMorgan employee, allegedly faked his father's death for bereavement leave, sparking controversy alongside a lawsuit against a JPMorgan executive for misconduct.

AAP

Big bank warns of recession risk as uncertainty lingers

The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.

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The Times of India

Chirayu Rana took leave for dad's death in 2024 but his father is alive; says he doesn't know anything about JP Morgan row

Chirayu Rana's father Chaitanya Rana has reacted to the row over his son and told New York Post that he was not aware of the sexual abuse case that Chirayu brought against JPMorgan executive Lorna Hajdini. But more interestingly, the Post found out that Chirayu claimed in mid-December 2024 that…

AAP

Most Aussies ready to withstand another rate hike: NAB

The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.

International Business Times UK

JPMorgan Staffer Called an 'Incel' for Fabricating a Sex Harassment Story and Calling His Wife 'Flat' and Racist Slurs

A JPMorgan internal investigation found no evidence supporting sexual harassment claims against executive Lorna Hajdini, filed by former employee Chirayu Rana.

The Times of India

She-Wolf of Wall Street? Decoding the JPMorgan 'sexual harassment scandal' that has broken the internet

The case has gone viral because it flips the usual assumptions around workplace abuse. The complainant is male. The accused executive is female. The setting is not a grimy back office but JPMorgan Chase, the great Wall Street mothership of American finance.

Evening Standard

Drivers take fewer trips to cut back on fuel and adjust spending, bank suggests

The Iran conflict raising the spectre of interest rate hikes also prompted a rush in mortgage activity in March.

International Business Times UK

4 Photos of JPMorgan Executive Lorna Hajdini Named in Lawsuit Claiming Sexual Assault and Career Threats

A lawsuit in New York accuses JPMorgan executive Lorna Hajdini of sexual assault and career intimidation. The bank denies wrongdoing, and the case is ongoing in court.

The Guardian - UK

NatWest faces £140m hit from Iran war as UK growth slows and inflation rises

Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment

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