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The Latest Breaking News on Financial Services

UK’s ‘green’ digital bank makes first profit as challengers boom

Tandem Bank, which launched in 2014, is among UK challenger banks to see earnings rocket over the past year.

The Independent UK

Millions switched current accounts last year as bank with most switchers revealed

March has been the busiest month of the year so far for changing providers, the Current Account Switch Service said.

The Independent UK

Nearly one in four people ‘describe finances as uncomfortable’

Two-fifths of people expect their spending to increase in the next six months, TSB said.

The Independent UK

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NatWest chair thanks UK taxpayers for bailout ahead of return to private ownership

Rick Haythornthwaite said bank was indebted to public for £46bn rescue package that kept it afloat in 2008

The Guardian - UK

NatWest vows not to forget ‘lessons’ on bankers’ bonuses

Chairman Rick Haythornthwaite said the bank had become a ‘simpler, safer, customer-focused bank’.

The Independent UK

NatWest ‘grateful’ to UK taxpayers as Government prepares to offload stake

NatWest’s chairman, Rick Haythornthwaite, said it would be a symbolic moment when the Government no longer has shares in the bank.

The Independent UK

Santander looks at splitting car finance from rest of UK division

Review follows fallout from commission scandal, which could cost bank up to £1.9bn in compensation

The Guardian - UK

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NatWest investors to scrutinise pay in last AGM before full privatisation

UK government expected to sell remaining stake in bailed-out bank in coming weeks

The Guardian - UK

Third of 18 to 21-year-olds ‘worry about money every day’

Less than a third of young adults surveyed said they had learned about student loans at school, Santander UK said.

The Independent UK

Tuvalu marks ‘momentous occasion’ with unveiling of its first ATMs

All banking in the Pacific nation used to be done in cash but that is about to change on the main island of Funafuti

The Guardian - AU

Texas judge throws out rule that would have capped credit card late fees

A Texas judge has thrown out a federal rule that would have capped credit card late fees

The Independent UK

HSBC and Co-op Bank cut mortgage rates as Halifax and Lloyds ease rules

Lenders stepping up mortgage price war in apparent response to financial turmoil sparked by US tariffs

The Guardian - UK

Low-rate mortgages hit 17-year high – but it’s not all good news for first-time buyers

There are hundreds of products on the market for those with a five or 10 per cent deposit

The Independent UK

Asian Stocks Rise On Electronics Tariffs Exemption, Gold Hits New High

Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived.

International Business Times

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Dynamite News

DFS Secretary M. Nagaraju lauds PNB for cyber awareness programme during 131st Foundation Day

Punjab National Bank celebrates 131 years with digital push and new customer schemes. Read more at Dynamite News.

The Independent UK

Some banks ‘adding to stress’ of bereaved, warns regulator

The Financial Conduct Authority said some banks and building societies have clear policies and procedures but there are areas for improvement.

International Business Times

JPMorgan Chase Sees 'Considerable Turbulence' Facing Economy As Profits Rise

JPMorgan Chase CEO Jamie Dimon said Friday that US Treasury bonds remained a safe place in an unpredictable world as he warned of "considerable turbulence" facing the economy.

Evening Standard

Former Russian minister jailed for UK sanctions breaches

Dmitrii Ovsiannikov was previously found guilty of six out of seven counts of circumventing sanctions between February 2023 and January 2024.

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Evening Standard

Eco friendly City office block sold 'to US bank' for £333 million

Sale of refurbished 100 New Bridge Street expected to complete in April next year

The Guardian - UK

Trump tariffs likely to drag down weak UK growth, Bank policymaker warns

Sarah Breedon says too early to judge impact on inflation of ‘most significant change in trade policy in a century’

The Guardian - UK

Barclays cuts rates on some mortgages to below 4% amid US tariffs turmoil

Bank is largest UK lender to cut rates in apparent response to turbulence, and experts predict others will follow

Evening Standard

Former Russian minister found guilty of breaching UK sanctions

Dmitrii Ovsiannikov was found guilty at Southwark Crown Court of six out of seven counts of circumventing sanctions.

The Guardian - UK

Barclays ditches gender and ethnicity targets in US

Bank says it still values inclusivity after bowing to Trump agenda by changing hiring and promotion policy

The Guardian - UK

Ex-Metro Bank CEO says FCA ruling has left him unable to secure permanent job

Craig Donaldson challenging ruling by UK regulator, which accused him of misleading investors over £900m accounting blunder

The Independent UK

Trial of former Russian minister ‘not about Vladimir Putin’, jurors told

Dmitrii Ovsiannikov is facing seven counts of circumventing sanctions in the UK.

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