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The Latest Breaking News on Financial Services

Think Twice Before Getting a Credit Card Cash Advance

A credit card cash advance can be a quick solution when you need emergency help with money. But you'll pay for the convenience with high interest and fees.

Kiplinger

Starmer names former Bank deputy governor as his chief economic adviser

Minouche Shafik quit Columbia University after controversy over anti-Israel protests on New York campus

The Guardian - UK

UK bank shares tumble after call for windfall tax on lenders in budget

Investor jitters follow report by IPPR and lead to more than £6bn being wiped off the sector’s market value

The Guardian - UK

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Police warn protesters not to travel to Epping after asylum hotel ruling – as it happened

Home Office and Bell hotel owner challenged injunction granted to council that would have stopped dozens of asylum seekers being housed there

The Guardian - UK

UK bank shares fall as City fears budget tax raid; US trade deficit surges – as it happened

Calls for ‘Thatcher-style tax on bank profits’ to raise billions of pounds rattle bank shares

The Guardian - UK

Windfall tax on banks could recoup QE losses and raise £8bn a year, IPPR says

Hiking a levy on the profits of major firms could raise up to £8 billion a year for public services, the IPPR said.

The Independent UK

Bankers found out they were being fired after email asking for their laptops to be returned sent by mistake

The error occurred at Australian lender ANZ

The Independent UK

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Central Banks Worldwide Hold More Gold Than US Treasuries For 1st Time In Nearly 30 Years: 'Significant Global Rebalancings' On Cards Says Analyst

For the first time since 1996, foreign central banks now hold a larger share of their international reserves in gold than in U.S. Treasuries, a significant shift in the global financial landscape.

Benzinga

5 Regional Bank Stocks Exploding Higher

In a promising sign for investors seeking value in the financial sector, several regional banks have staged a remarkable recovery in quality rankings this week, climbing out of the bottom percentiles of operational efficiency and financial health.

Benzinga

Record Number Of Americans Embrace 'Buy Now, Pay Later' Loans For Daily Essentials As Rising Costs Squeeze Households

A record number of Americans are considering short-term financing options, or “buy now, pay later” (BNPL) loans, to cover their purchases, according to a recent survey by an online lending marketplace.

Benzinga

Bank urged to unfreeze Scottish pro-Palestine group's account by 70 organisations

MORE than 70 trade unions, charities, and community groups have called for a Scottish pro-Palestine groups bank account to be unbanned ...

The National (Scotland)

Man admits murder of customer who was stabbed in bank

Haybe Cabdiraxmaan Nur will be sentenced in October after admitting the murder of 37-year-old Gurvinder Singh Johal.

Evening Standard

Thailand requires banks to cap most online transfers at $1,500 daily to thwart scammers

Banks in Thailand are being required to limit online transfers to as little as $1,500 a day in a move that aims to protect customers from losing money to scams

The Independent UK

Police investigate sabotage claims by UK activists against ‘fossil fuel finance’

Shut the System says its supporters carried out actions at offices of JP Morgan Chase, Allianz and Barclaycard

The Guardian - UK

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Benzinga

Institutions Keep Raising The Gold Bar Despite Short-Term Technical Weakness

Institutions remain vigilant about raising their gold price forecasts, as the precious metal continues to benefit from persistent U.S. macro risks, central bank demand, and inflows from exchange-traded funds.

Benzinga

5 High-Quality Regional Bank Stocks Breaking Out

Small regional banks in the U.S. witness a surge in their “Quality” scores, with big improvements over the past seven days alone, signaling robust financial health and stability.

AAP

Banking heavyweights take shine off Aussie share market

The Australian share market came off its record highs as major bank stocks took a tumble, led by the biggest of the four.

The Guardian - AU

Commonwealth Bank urged to repay fees of 2 million low-income customers after posting record profit

Australia’s biggest bank delivers bumper payout to shareholders as CBA vows to end lending to coal companies with no net zero plans

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news in one place.

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AAP

CommBank's record $10b profit could've been bigger: CEO

Commonwealth Bank could have delivered a better result than its $10 billion profit if it weren't positioning itself for AI revolution, its boss says.

International Business Times UK

What Is The DC National Guard? Chain Of Command, Powers And How Different Are They From US Police Force?

The DC National Guard answers to the US President, not a governor, with powers and duties that set it apart from both state Guard units and local police forces.

The Guardian - AU

Afternoon Update: Reserve Bank decision; Julie Bishop accused of bullying in Senate inquiry; and Swifties celebrate

Jim Chalmers says the rate cut is ‘very welcome relief for millions of Australians’

AAP

Rates cut but borrowers told not to bank on more relief

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

The Guardian - UK

Santander mortgage cap jumps by as much as 24% as bank eases lending rules

Some higher-earning couples with smaller deposits could borrow extra £130,000 as a result of overnight changes

Evening Standard

All the Santander branches closing this week including two in London

The closures are part of a larger restructuring plan to close 95 of its 444 branches across the UK

The Guardian - UK

The Guardian view on climate finance: crumbling under a second Trump presidency

Editorial: Voluntary climate commitments were supposed to be a step towards progress. A change in political climate has revealed their weaknesses

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