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The Latest Breaking News on Financial Services

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

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

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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

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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

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.

Dynamite News

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.

The Independent UK

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.

International Business Times

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.

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

Evening Standard

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

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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

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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.

Evening Standard

Lloyds and Halifax branch closures: Full list revealed as more than 250 banks shut for good

One Halifax branch is set to close in Lincoln in May and a Lloyds branch will be closing in Hodge Hill, Birmingham

The Guardian - UK

Ex-Barclays boss ‘took a chance’ in lying about his links to Jeffrey Epstein, court hears

UK financial regulator claims Jes Staley feared telling the truth could end his career and fuel potential lawsuits by victims

The Independent UK

Former Barclays CEO ‘rolled the dice’ on misleading regulator, tribunal hears

The hearing is due to conclude on Thursday, with a ruling expected at a later date.

The Guardian - UK

Is my Scottish accent really the problem – or is it just your English ears?

Football manager Gary Caldwell thinks he sounds too ‘aggressive’ and that spells trouble. But as a fellow Scot, I know the answer isn’t to ‘Englify’ ourselves, says Glasgow-based journalist Catriona Stewart

The Independent UK

Monzo muscles in on home insurance market to target underprotected renters

Research by the bank found that millions of renters could have about £12,000 of belongings unprotected.

The Guardian - UK

UK savers could have up to £110,000 protected under regulator’s new plan

Rise from current limit of £85,000 would be first big change to protection scheme since 2008 banking crisis

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