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The Latest Breaking News on Financial Services

No Bank Account? Your IRS Refund Could Vanish Into Limbo

Millions of Americans risk losing access to their tax refunds as the IRS moves to phase out paper cheques and require direct deposit or digital payments from September 2025.

International Business Times UK

Starmer calls for ‘national debate’ on digital ID in bid to expand technology

Sir Keir defended what he described as the scheme’s ‘huge benefits’ after polls suggested public support for the proposals had plummeted.

Evening Standard

Head of largest US bank warns of risk of American stock market crash

Jamie Dimon, chair of JPMorgan Chase, said he was ‘far more worried than others’ about serious market correction

The Guardian - UK

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Lloyds says it is facing greater hit than expected from car loan finance scandal

Banking group predicts bill will top £1.2bn it has set aside, as Close Brothers also says it expects to pay more

The Guardian - UK

Metro Bank outage causes issues with customer accounts

Are you one of the customers affected?

Evening Standard

Metro Bank customers see red after IT glitch empties accounts

Bank apologises for payments delay that led to angry complaints about ‘negative balances and missing funds’

The Guardian - UK

As London stock market listings show signs of life, Reeves must add momentum

With tentative signs of a revival in IPOs, the chancellor should use the moment to cut the 0.5% charge on share purchases

The Guardian - UK

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Fifth Third To Acquire Comerica In $10.9 Billion All-Stock Deal

Post-merger, Fifth Third shareholders will own about 73% of the combined entity, while Comerica shareholders will hold 27%.

International Business Times

Affluent Americans Boost Charitable Giving By 30% In A Decade, Even As Fewer Households Donate, Finds Bank Of America

Charitable giving among America's wealthiest households has grown 30% in the past decade, even as fewer of them are donating, according to the 2025 Bank of America Study of Philanthropy.

Benzinga

Banking industry’s net zero alliance shuts down amid faltering climate commitments

NZBA had nearly 150 members but banks began leaving when Trump was re-elected on promise to ‘drill, baby, drill’

The Guardian - UK

UN-backed Climate Banking Alliance Ceases Operations

The Net-Zero Banking Alliance, a UN-backed initiative seeking carbon neutral investments by banks, announced Friday its immediate shutdown -- at a time of faltering climate commitments in the United States and Europe.

International Business Times

Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’

Which’s analysis follows research finding that the world’s biggest banks significantly increased their fossil fuel finance in 2024.

The Independent UK

Lloyds set to take control of Schroders wealth tie-up in ‘mass affluent’ push

The banking group is considering buying out Schroders’ 49.9% stake in Schroders Personal Wealth (SPW).

The Independent UK

Overheated share markets may risk financial meltdown

Australia's central bank warns overpriced stock markets, cyber threats and weakness in China threatens the nation's financial stability.

AAP

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Evening Standard

South London residents rally to save their community's last remaining bank

New Addington locals have taken to social media and signed petitions in opposition to the closure of the Lloyds branch

The Independent UK

South Carolina prosecutor seeks death penalty in murder case after Biden reduced sentence to life

A local prosecutor in South Carolina plans to seek the death penalty against a man whose federal death sentence for killing two bank employees was commuted to life in prison by President Joe Biden

Kiplinger

If You'd Put $1,000 Into Bank of America Stock 20 Years Ago, Here's What You'd Have Today

Bank of America stock has been a massive buy-and-hold bust.

Evening Standard

Close Brothers slumps to loss amid write-downs and more compensation provisions

The firm revealed it tumbled to a pre-tax operating loss of £122.4 million for the year to July 31.

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Benzinga

Europe's Digital Euro Just Got a Launch Date—And It Could Reshape How You Pay for Everything by 2029

The European Central Bank just dropped a timeline that could fundamentally alter how 450 million Europeans handle money, and the implications stretch far beyond just replacing cash in your wallet.

AAP

Financial sector urged to shoot higher on climate risk

The global financial sector has been urged to prevent further backsliding on climate and to stop funnelling money into new fossil fuels in an open letter.

AAP

Interest rate decision to dominate economic agenda

Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold on Tuesday.

Benzinga

HSBC Offloads Sri Lanka Consumer Unit, Focuses On Global Corporate Clients

HSBC Holdings’ (NYSE: HSBC) shares are trading relatively flat in the premarket session on Friday.

International Business Times UK

Will Donald Trump's Visa Crackdown Backfire? JPMorgan CEO Jamie Dimon 'Begs' POTUS Over 'Damaging' New H-1B Visa Rules

JPMorgan CEO Jamie Dimon has urged Donald Trump to reconsider a proposed $100,000 H-1B visa fee, warning that it could damage US competitiveness, drive jobs offshore, and restrict access to global talent.

The Independent UK

Economy and tax worries holding back small business spending, Barclays warns

Business investment refers to spending on assets like buildings, machinery and intellectual property.

The Independent UK

Bank closures: All the Lloyds, BoS and Halifax branches that are shutting and when

All the latest branch closures will take place between January and October 2026

1 … 15 16 17 18

People

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