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The Latest Breaking News on Financial Services

Redemption Bank becomes the first Black-owned bank in the Rockies

Redemption Holding Company has just acquired the Utah-based Holladay Bank & Trust, becoming the first bank to be owned by a Black-led investment group in the Western U.S. This comes two years after their initial announcement, in which the purchase was delayed due to the collapse of Silicon Valley Bank

The Independent UK

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

The Guardian - UK

World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds

Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises

The Guardian - US

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Metro Bank sobers up and attracts a suitor

A lift in share price shows the market expects a deal, but Metro v 2.0 doesn’t need to jump at a takeover at any price

The Guardian - UK

Metro Bank shares surge on talk of private equity takeover

Potential uncertainty for customers and staff as Shawbrook owner Pollen Street Capital sounds out bank’s bosses

The Guardian - UK

Glasgow-raised Nationwide and Greggs bosses among businesswomen honoured

Debbie Crosbie, the only woman to lead a ‘big six’ bank in the UK, has been given a damehood for her services to financial services.

The Independent UK

Sealing, COVID, and the Fed (Well, the Minneapolis Branch)

From Judge Eric Tostrud (D. Minn.) last week in Maki v. Fed. Reserve Bank of Minneapolis: On May 21, 2025,… The post Sealing, COVID, and the Fed (Well, the Minneapolis Branch) appeared first on Reason.com.

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P&O Ferries hires tiny four-person accounting firm to replace KPMG

Move raises questions over governance of ferry company and ‘auditor independence’ of accounting firm

The Guardian - UK

Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

Anonymous messages questioned judgment of senior managers in dealing with Greensill, says Swiss regulator

The Guardian - UK

Britons ‘hoarding cash amid economic uncertainty and fear of outages’

Households seeking safety net in time of global volatility, according to Bank of England’s chief cashier

The Guardian - UK

Who Is Marianne Lake: Is International Banking Wiz Set To Replace JP Morgan CEO Jamie Dimon?

Marianne Lake's extensive career and innovative vision position her as a strong contender to lead JPMorgan after Jamie Dimon

International Business Times UK

Ukraine as Hidden Frontier for Bold Investors: B4P's Mark Thornton on Turning Crisis into Capital

The prevailing narrative around Ukraine is usually dominated by images of destruction and disruption. For many in the global business community, these headlines paint a picture of uncertainty and instability. Mark Thornton, the founder and CEO of Business for the Planet (B4P), is among the voices cutting through the noise.

International Business Times

NatWest apologises to millions of customers locked out of app

In latest IT outage to hit a UK bank, group is investigating problem caused by update to app late on Thursday

The Guardian - UK

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture

The Independent UK

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International Business Times UK

No End in Sight: JPMorgan Boss Jamie Dimon Clings to Power as He Keeps Successors Waiting

JPMorgan's Jamie Dimon isn't retiring anytime soon, leaving heirs waiting and shareholders cheering. Can he navigate the bank through economic turmoil?

Kiplinger

Chime IPO: Should You Buy CHYM Stock?

The Chime IPO is one of the biggest new issues of the year, with the mobile banking platform soaring in its June 12 market debut.

The Guardian - UK

Starling pays out fivefold bonus sum despite FCA fine and Covid loan errors

Staff get £24.6m after year in which bank was penalised for ‘shockingly lax’ controls and profits fell 25% to £223m

International Business Times UK

'It's Going to Kill Us': Jamie Dimon Warns of a Threat to the US 'More Dangerous Than China'

JPMorgan CEO Jamie Dimon warns that internal dysfunction—not foreign powers like China—poses the greatest threat to America's future stability and economic health.

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The Guardian - UK

Hubris, crisis and scandal: how the NatWest ‘soap opera’ unfolded

From Fred ‘the Shred’ Goodwin to Nigel Farage ousting the CEO, it’s been a bumpy ride for the now-privatised banking group, formerly RBS

Evening Standard

Why was NatWest rescued in 2008 and what has changed for the bank in that time?

At its peak, the Government had an 84.4% shareholding in the group, and did not start selling shares until 2015.

The Guardian - UK

Government sells final shares in NatWest 17 years after £45bn bailout

Sale ends state ownership of the banking group, then known as Royal Bank of Scotland, after 2008 rescue

The Independent UK

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

Evening Standard

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?

International Business Times

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.

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