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The Latest Breaking News on Financial Services

Jamie Dimon Says JPMorgan's Next CEO Should Be a 'Pied Piper,' Not The Smartest In The Room

Jamie Dimon, the long-standing CEO of JPMorgan Chase, has shed light on the qualities he is looking for in his successor. He places a high value on leadership capabilities, rather than just intellect.

Benzinga

The RBA wants to ban debit and credit card surcharges. Banks are fighting back

Banks say the RBA and government are not telling consumers about the true cost of the changes, including higher fees and weakened loyalty programs

The Guardian - AU

Barclays boss urges UK ministers to limit public sector pay rises

TUC says CS Venkatakrishnan has ‘brass neck’ calling for curbs when his pay packet has doubled to £10.5m

The Guardian - UK

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Major high street bank launches new £200 cash offer to switch your current account

Lloyds want your cash and are offering incentives to attract new customers

The Independent UK

Jamie Dimon's Protege Unveils $4 Billion FirstBank Deal In Bid To Build Trillion-Dollar Banking Giant

The PNC Financial Services Group Inc. (NYSE:PNC) CEO Bill Demchak announced a $4 billion acquisition of Colorado-based FirstBank on Monday, marking a strategic push toward his ambitious goal of creating a trillion-dollar banking giant.

Benzinga

JP Morgan Scandal: How Did Banking Giant Get Involved In The Epstein Files?

Uncover the 2025 Epstein files bombshell: JP Morgan enabled Jeffrey Epstein's crimes with £717M transactions post-conviction. Victims' settlements, executive defences & banking accountability exposed.

International Business Times UK

How Chase bank executives aided Epstein and funneled his money - despite staff concerns about the pedophile

JPMorgan Chase’s spokesperson called the bank’s relationship with Jeffrey Epstein a ‘mistake’

The Independent UK

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UK banks face lawsuits over mortgages that left people with huge debts

Group actions against Barclays and Bank of Scotland over products that left some people owing up to 20 times the sum they borrowed

The Guardian - UK

Spain's BBVA Bank To Start Sabadell Offer Monday

Spanish banking giant BBVA said on Friday its tender offer for smaller national rival Sabadell would start on Monday after its hostile bid received the stock market regulator's green light.

International Business Times

Voices: Does firing your worst employees ever make business sense?

COMMENT : As Lloyds plans to cut its bottom 5 per cent of staff, James Moore asks if threatening thousands of ‘underperformers’ with the sack can have an energising effect on the workforce

The Independent UK

Lloyds to warn 3,000 staff they face sack for ‘underperformance’

With economic uncertainty leading fewer people to leave, bank will put one in 20 on ‘performance plans’

The Guardian - UK

The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes

Editorial: Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demand

The Guardian - UK

China's Xi seeks expanded role for Shanghai Cooperation Organization with development bank

Chinese President Xi Jinping says China would accelerate the building of a SCO development bank as he seeks to expand the organization’s influence and scope

The Independent UK

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

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The Guardian - UK

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

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

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The Independent 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

Benzinga

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.

The National (Scotland)

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 ...

Evening Standard

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.

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