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The Latest Breaking News on Financial Services

Buy now, pay later loans will now affect US credit scores – what does that mean for consumers?

The change has some users of BNPL loans worried, but financial experts say the move could benefit borrowers

The Guardian - US

Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

The Guardian - UK

Santander's TSB takeover: What it means for your account

Santander's acquisition of TSB for £2.9 billion could reshape UK banking, affecting 5 million account holders. Here's what it might mean

Evening Standard

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After SC verdict, why were over 8,000 electoral bonds still printed?

In February 2024, the Ministry of Finance ordered the State Bank of India to stop the printing of electoral bonds. This was 12 days after the Supreme Court declared the scheme unconstitutional.

Newslaundry

HSBC Lifts Gold Forecast, Sees A Volatile Path Ahead

HSBC has raised its average gold price forecast for 2025 to $3,215 an ounce, up from $3,015, citing "elevated geopolitical risks, economic uncertainty, and rising government debt." The bank also increased its 2026 estimate to $3,125 an ounce from $2,915, while projecting a turbulent path ahead.

Benzinga

Michigan Bank Robber Coaxed Out of Standoff With Soda Dangling From Drone Before Police Shot Him

A Michigan bank robbery suspect was fatally shot by police after being lured to a window with a Faygo Red Pop delivered by drone.

Latin Times

Big bank shifts rate cut tip as retail sales disappoint

A slow start to the year for consumers continues, with weaker-than-expected retail sales a sign of "scarring" from a spike in inflation.

AAP

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IMF Urges Swiss To Strengthen Bank Resilience

The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the flaws exposed by the collapse of Credit Suisse.

International Business Times

ADB Acting On US Concerns Over China, Bank Chief Tells AFP

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy.

International Business Times

Barclays Faces Epstein Fallout As Former CEO Faces Trial

Barclays (NYSE:BCS) and its former CEO Jes Staley will have to defend themselves in a U.S. court over accusations that they misled shareholders about Staley's relationship with the late financier Jeffrey Epstein.

Benzinga

Pro-Palestine campaigners stage protest outside Wimbledon tennis championships over Barclays sponsorship

Palestine Solidarity Campaign (PSC) protesters target opening of the championships at the All England Club

Evening Standard

Major UK bank will now pay you £185 to switch to them

Banks and building societies can pay you to move to them but be sure to check the product suits your needs

The Independent UK

Zopa launches current account with cashback and 7.1% on savings

Digital bank hopes to tempt switchers with package including in-credit interest and fee-free travel spending

The Guardian - UK

Jamie Dimon Says CEOs Should Study Athletes Like Serena Williams, Tom Brady And Stephen Curry — 'Look How They Train To Be That Good'

"Look how they train to be that good," JPMorgan Chase Co. (NYSE:JPM) CEO Jamie Dimon told The Economist last month, arguing that CEOs should mirror the discipline of Serena Williams, and Stephen Curry.

Benzinga

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news in one place.

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The Independent UK

Ex-Barclays boss Staley loses bid to overturn UK ban over Epstein ties

Former CEO of Barclays Bank Jes Staley has lost his legal challenge against a U.K. financial regulator's decision to ban him from senior financial roles

The Independent UK

Ex-Barclays chief loses bid to overturn ban over Epstein ties

Mr Staley told the tribunal that while he had a close professional relationship with Epstein, it was not a close personal friendship

The Guardian - UK

British Business Bank back in the spotlight with £10bn UK growth mandate

Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiry

AAP

Local shares flat as Commonwealth Bank hits record high

Commonwealth Bank shares have broken $190 for the first time but weakness in the mining sector has kept the bourse overall little changed.

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news in one place.

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Benzinga

'Big Short' Investor Eisman Warns JPMorgan, Wells Fargo Domination Squeezes Regional Banks

Steve Eisman, the investor widely known for his role in shorting the subprime mortgage market before the 2008 financial crisis, says the U.S. banking landscape is increasingly consolidating into the hands of a few large banks.

The Independent UK

Zopa enters current account market offering cashback and 7.10% savings interest

The new account, called Biscuit, offers 2% interest on balances and 2% cashback on bills, plus 7.10% interest on regular savings.

Evening Standard

British Business Bank invests in entrepreneurs in £6.6bn funding commitment

The UK Government’s development bank has revealed the investment plans as part of Sir Keir Starmer’s 10-year industrial strategy announcement.

The Guardian - UK

Goldman Sachs warns Brent crude could hit $100 per barrel if strait of Hormuz is disrupted; oil dips as Trump demands lower prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – as it happened

UK central bank split 6-3 on interest rate decision, and warns that escalating Middle East conflict is pushing up energy prices

The Independent UK

Redemption Bank becomes the first Black-owned bank in the Rockies

Redemption Holding Company has just acquired the Utah-based Holladay Bank & Trust, becoming the first bank to be owned by a Black-led investment group in the Western U.S. This comes two years after their initial announcement, in which the purchase was delayed due to the collapse of Silicon Valley Bank

The Guardian - UK

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

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