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The Latest Breaking News on Financial Services

African Development Bank elects top economist as president to face funding challenges

The African Development Bank Group has elected Mauritanian economist Sidi Ould Tah as its ninth president

The Independent UK

53 NatWest branches to close in 2025 – full list revealed

Dozens of NatWest bank branches have closed down over the last few years, with plenty more scheduled for 2025.

Evening Standard

Nationwide to hand out £100 each to 4 million people from next month - are you eligible?

Are you eligible for the building society’s latest hand out?

Evening Standard

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Africa Elects Its Next 'Super Banker'

The race to become Africa's next "super banker" ends on Thursday, with five candidates, including one woman, vying to succeed Nigeria's Akinwumi Adesina as head of the African Development Bank in a contest that appears too close to call.

International Business Times

Starling’s profits drop 25% as bank takes blame for Covid loan losses

Our own weak controls led to £28m of losses through government’s bounce back loans, says chief executive

The Guardian - UK

Customers conned into sharing passcodes as online fraud cases surge in UK

Criminals are using social engineering to trick people into divulging one-time passcodes

The Independent UK

Ailing hospital operator vows wards will stay open

Tens of thousands of Australian hospital workers are being assured their jobs are safe as a lifeline from banks props up a major private health operator.

AAP

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Taxpayers set for £10bn loss on NatWest as disgraced ex-boss takes £600k-a-year pension

Government expected to sell last shares in banking group this week, drawing a line under 2008 financial crisis bailout

The Guardian - UK

Card-skimming scam nets almost $1m before pair charged

Federal police are investigating whether two Romanian men arrested over the alleged card-skimming scheme had any links to an earlier scam.

AAP

JPMorgan’s Dimon warns of US stagflation risk: Report

Economists echo Jamie Dimon’s concerns as US credit downgrade and tariff-driven uncertainty continue.

Al Jazeera

HSBC high street bank staff face bonus cuts over remote working

Bank’s UK division hardens hybrid working policy with requirement to spend at least 60% of time in office

The Guardian - UK

Lloyds account ‘will help empower affluent customers to reach financial goals’

The bank said the Lloyds Premier account is a ‘strategically important milestone’ in its growth ambitions for affluent customers.

The Independent UK

Capital One $425M Class Action Settlement: Do You Qualify?

Capital One agreed to a $425 million settlement over its 360 Savings account interest rates. Here’s what you need to know.

Kiplinger

Breakthrough in India manhunt for suspect in 24-year-old woman’s East London murder

Pankaj Lamba reportedly caught on surveillance camera taking cash from bank in northern India

The Independent UK

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The Independent UK

Couple tried in New Zealand after escaping on business class flight after $2m fraud

Neha Sharma remains in jail in New Zealand with her baby while husband awaits sentencing

The Guardian - UK

Santander UK freezes salaries and cuts jobs in commercial banking arm

Exclusive: Bank also set to slash bonuses in wider shake-up that could help make it more attractive to potential buyers

The Guardian - UK

Five common banking mistakes – and how to avoid making them

If you are sticking loyally with a bank, using an overdraft or failing to read the small print, you may well be losing out

Al Jazeera

World Bank says Syria eligible for new loans after debts cleared

Saudi and Qatari payments settle Syria’s arrears, allowing World Bank and IMF to re-engage.

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AAP

'Eye-watering': CBA shares break all-time highs

Commonwealth Bank shares have surged to record levels yet again, but experts say its earnings don't justify the price tag.

The Guardian - UK

US reportedly plans to slash bank rules imposed to prevent 2008-style crash

Watchdogs could cut capital rules as Trump’s deregulation drive opens door to rollback of post-crisis protections

The Guardian - UK

‘Significant doubt’ revealed over Bank of London’s ability to keep operating

Auditors question if Peter Mandelson-linked firm can raise adequate funding after news of regulator’s investigation

The Independent UK

Nationwide £100 bonus payment to be revealed this week – what you need to know

The payment has been given to millions customers for the past two years

The Guardian - UK

Metro Bank risks backlash over £60m bonus scheme for chief executive

Shareholder advisory firms concerned long-term reward plan could pay out to bosses regardless of performance

The Guardian - UK

BlackRock to order senior managers back to office five days a week – reports

New-York based asset management company about to issue new guidance, according to FT

Kiplinger

Check Your Mailbox: Wells Fargo Settlement Payments Have Begun

Wells Fargo settlement customers whose mortgages were placed in forbearance without their permission should keep an eye on the mail, as checks are going out.

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