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The Latest Breaking News on Financial Services

Bank and building society users hit by 33 days of outages in two years, say MPs

Treasury committee finds disruption a result of 158 IT incidents affecting millions of customers

The Guardian - UK

Barclays could pay up to £12.5m in compensation to customers hit by tech outages

Customers were affected across pay day this year by tech outages at banks

The Independent UK

Barclays to pay up to £12.5m in compensation to customers hit by outages

There has been more than 33 days’ worth of unplanned tech and system outages in the last two years for nine of the UK’s biggest lenders.

Evening Standard

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Barclays chair told FCA Staley ‘had no particular relationship’ with Epstein, court hears

Nigel Higgins said to have given assurances about CEO days after child sex offender Jeffrey Epstein’s death in 2019

The Guardian - UK

Police called after dozens of protesters descend on bank set for closure

Police were called after protesters descended on a town’s last bank to campaign against its planned closure ...

The National (Scotland)

Jeffrey Epstein used lobbyist to push for Jes Staley to be Barclays CEO, court told

‘Project Jes’ planned to target high-level figures including George Osborne and Mervyn King, emails suggest

The Guardian - UK

Jes Staley received images of ‘mature women’ from Jeffrey Epstein, court hears

Lawyers for ex-Barclays CEO challenging FCA ban argue pictures were ‘innocuous’

The Guardian - UK

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Former Barclays boss gambles on courtroom battle over ties to Epstein

Next week Jes Staley will challenge his ban from the City in a case that will reveal his conversations with the disgraced financier

The Guardian - UK

Girl, 14, among three teens arrested as pensioner ‘murdered’ in street outside north London bank

Superintendent Annmarie Cowley said: ‘I know this death will cause shock in Islington’

Evening Standard

Former Barclays chief Jes Staley heads to court to clear name from associations to Jeffrey Epstein

American banker had a relationship with the now-deceased Epstein while working at JPMorgan Chase

The Independent UK

Online banking problems prompt MPs’ concern amid UK branch closures

Thousands of Lloyds, Nationwide, Halifax, TSB, Bank of Scotland and First Direct customers affected on Friday

The Guardian - UK

Lloyds and Nationwide online banking down, leaving users locked out of accounts on payday: Live updates

Payday payments affected for second month in a row amid outages across high street

The Independent UK

Online banking issues hit customers on payday for second month in a row

Four banks have confirmed disruption for customers on Friday morning.

Evening Standard

JP Morgan CEO Jamie Dimon says that he regrets foul-mouthed rant about employees working from home

‘I’m not against work from home. I’m against where it doesn't work’ he said while justifying his in-office mandate

The Independent UK

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AAP

'Can't work in the dark': ASIC calls out private market

Financial watchdog ASIC is concerned about a lack of transparency in the growing private equity and private credit markets, as well as a slowdown in IPOs.

The Guardian - AU

Peter Dutton denies having access to sensitive information as Labor questions personal investments

Liberals decry government ‘dirt unit’ as Labor scrutiny leads to fiery clash during Senate estimates

The Guardian - AU

Antisemitism now Asio’s ‘number one priority’, Burgess says – as it happened

This blog is now closed

The Independent UK

Monzo, Revolut, Starling or Chase? The best digital bank accounts, compared

Whether you use an app bank as your main account or your spending one, it’s important to pick the account that suits your needs

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The National (Scotland)

Victim of banking app scam issues warning to other Scots who could fall prey

SCAMMERS have been targeting unsuspecting victims with a fake banking app in Scotland.

The Independent UK

Standard Chartered cashes in on wealth arm while boss’s pay surges

The UK-listed bank paid its chief executive £10.7 million last year, 46% more than he earned the previous year.

The Guardian - AU

Wong says she expressed ‘importance of Oscar Jenkins’ condition’ to Russian foreign minister – as it happened

This blog is now closed

The Guardian - UK

Lloyds puts aside a further £700m for compensation over car finance scandal

Profits hit as total held back for payouts rises to almost £1.2bn amid uncertainty over final financial impact

The Guardian - UK

Gold hits record high amid geopolitical worries; Amazon takes creative control of James Bond – as it happened

Spot price of gold is approaching $3,000/ounce while Amazon has acquired creative control of the spy franchise from the Broccoli dynasty.

The Independent UK

HSBC pushes back climate targets by 20 years and blames ‘lag’ in government policy

UK head office to bear brunt of job cuts as bank aims to slash staffing costs by £1.2bn

International Business Times

HSBC Targets $1.5 Bn In Annual Cost Savings After Revamp

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.

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