The Latest Breaking News on Financial Services

Bank of England expert predicts global stock market fall and questions ‘are we prepared?’

The FTSE 100 is up more than 24 per cent across the last year – nearly six times the rate of some of the best cash returns in that time

The Independent UK · Apr 24

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view

The Guardian - AU · Apr 24

Capital One settlement: Here’s how to get your share of the $425M

The dispute was over how Capital One handled the transition from its 360 Savings account to its 360 Performance Savings account

The Independent UK · Apr 23

Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report

Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.

International Business Times · Apr 17

Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs

Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire

The Guardian - UK · Apr 16

Boost for buyers as Santander becomes first major lender to cut mortgage rates since Iran war

Mortgage experts say the reductions are a good sign, though it’s still unclear when cheaper mortgages will return

The Independent UK · Apr 15

Banks in US to soon collect citizenship information, Scott Bessent says it's not unreasonable

Treasury Secretary Scott Bessent said that the proposed executive order that would make it mandatory for banks to collect citizenship information is in the process. “It’s in process. And I don’t think it’s unreasonable, because: Why don’t we have information on who’s in our banking system? I have a place…

The Times of India · Apr 14

Jamie Dimon says private credit defaults are not threat to major banks

Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss

The Guardian - UK · Apr 14

Treasury Chief Touts Plan to Require Proof of Citizenship to Open Accounts: 'Why Don't We Know Who's in Our Banking System?"

The proposal could apply not only to new customers but to existing account holders raising the prospect of large-scale compliance requirements for financial institutions

Latin Times · Apr 14

Nationwide named UK’s best bank

The building society beat the likes of Monzo and HSBC’s first direct to top spot

The Independent UK · Apr 13