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The Latest Breaking News on Financial Services

Trump says he’ll sue JPMorgan Chase for allegedly cutting him off after US Capitol riot

President also denies he ever offered JPMorgan CEO Jamie Dimon the chair of the Federal Reserve

The Guardian - US

Hidden Fees: Depositing a Cheque Just Became More Costly — Other Banks May Be Charging Extra Fees Too

Truist Bank recently hiked the cost for cheques drawn on an account that are deposited electronically using a remote deposit capture service.

International Business Times UK

List of Banks Closed on MLK Day Including Chase, Bank of America, and Wells Fargo — Why It Matters for Your Paycheck and Payments

Chase, Bank of America, Wells Fargo, and other major US banks will close on Monday, 19 January 2026 for MLK Day, affecting direct deposits and ACH payments.

International Business Times UK

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HSBC launches review of insurance arm in Singapore

It marks the latest step in a plan being led by boss Georges Elhedery to streamline the banking giant and cut costs.

The Independent UK

Hot or not? Strong spending complicates rate picture

Upcoming data will give the Reserve Bank a better sense of whether higher interest rates are required to take the heat out of Australia's economy.

AAP

Nationwide issues warning to customers after fraud cases

Nationwide has launched a new tool in its banking app to help customers keep scammers away

Evening Standard

Lloyds questioned by watchdog over use of staff banking data in pay talks

ICO says it is making inquiries with banking group over data privacy after it accessed 30,000 staff accounts

The Guardian - UK

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Lending to small businesses and low-income areas must expand, say Labour backbenchers

Senior politicians have tabled bill that would force UK banks to make affordable finance more accessible

The Guardian - UK

Lloyds CEO Charlie Nunn latest banking boss in line for huge bonus hike

Barclays, HSBC and NatWest shareholders already approved big pay rises after post Brexit loosening of remuneration rules

The Guardian - UK

Treasury has ‘limited grasp’ of concerns over booming shadow banking sector, peers say

Report says officials seem unprepared for potential risks that unregulated industry poses to UK financial stability

The Guardian - UK

JPMorgan Takes Over Apple Card, Marking a Major Shift in the US Credit Card Market

JPMorgan is set to take over the Apple Card from Goldman Sachs, a deal that reshapes credit cards, consumer banking strategy, and Big Tech finance.

International Business Times

Nationwide's £100 Cash Handout Could Return — But Only If You Act Now

Nationwide's £100 Fairer Share bonus may return in 2026 — but only if you act early and follow the rules precisely. Miss the window, and it's gone.

International Business Times UK

HSBC becomes first big UK lender to cut its mortgage rates in 2026

Reduction follows Bank of England’s base cut in December, with further cuts expected this year

The Guardian - UK

Here's How India's 2026 New Finance Rules Hit Your PAN-Aadhaar, Credit Cards, & Taxes

Discover how India's 2026 financial reforms impact PAN-Aadhaar linking, credit scores, taxation, and digital payments. Stay informed to avoid financial disruptions.

International Business Times UK

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Kiplinger

What Bilt Cardholders Need to Know as Wells Fargo Exits the Program

A major shake-up in the Bilt Rewards program could affect your credit card, rent rewards and points strategy in 2026.

The Guardian - UK

Branching out: why banks are back on the British high street

In towns such as Northampton, in-person help with finances is a promise many customers still depend upon

The Guardian - UK

Alexander Wishart obituary

Other lives: Banker who began work at 16 and became a director of Harrods Bank in the 1980s

The Guardian - UK

German prosecutors bring charges against Greensill officials over role in bank’s collapse

Bremen lawyers say three unnamed people charged with crimes relating to bankruptcy and misrepresentation of bank’s finances

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International Business Times

PayPal Files With Regulators to Launch Bank Focused on Small Business Needs

PayPal plans to launch PayPal Bank to provide small businesses with loans, savings accounts, and better financial tools.

Evening Standard

FTSE 100 Live 18 December: Currys surges after results beat, BP names first female CEO

The Bank of England will today reduce the cost of borrowing by cutting interest rates from 4% to 3.75%.

AAP

Regional bank pinged over money laundering guardrails

Regulatory action is being taken against a major regional bank after it self-reported suspected money laundering in its operations.

The Independent UK

Asian shares, US futures sink ahead of US jobs report

Shares have tumbled in Asia and U.S. futures also fell ahead of the release of U.S. employment and inflation reports that could drive the direction of interest rates

The Guardian - UK

Rishi Sunak tells Covid inquiry he was worried about UK’s ability to fund itself

Reflecting on chaos of early pandemic, former chancellor said it was ‘acutely stressful’ to see rising interest bill on government bonds

The Independent UK

Three banks where you can redeem credit card rewards for gift cards

‘Gift cards are a standard part of almost every major credit card rewards ecosystem,’ one expert said

The Independent UK

This bank was just named No. 1 for customer satisfaction

’National banks are achieving higher overall customer satisfaction through enhanced digital experiences, improved account offerings and strengthened trust,’ J.D. Power noted

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