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The Latest Breaking News on Financial Services

Credit Suisse to Pay $511 Million for Helping US Taxpayers in Hiding Money Offshore

Credit Suisse will pay $511 million for helping wealthy Americans hide $4 billion in offshore accounts.

International Business Times

UK ministers to meet bank bosses over lending to small businesses

Rachel Reeves concerned that lenders’ restrictions are holding back growth in the SME sector

The Guardian - UK

NatWest profits soar by 36% as full privatisation looms

Government stake reduced to less than 2% while bank’s profit of £1.8bn beats analyst forecasts by £200m

The Guardian - UK

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Barclays to bar trans women from using its female bathrooms

Boss confirms policy change as businesses move to comply with recent supreme court ruling

The Guardian - UK

Barclays confirms trans women to be barred from using ladies’ toilets

Group chief executive CS Venkatakrishnan said the move follows the recent Supreme Court ruling that the term woman is defined by biological sex.

Evening Standard

HSBC sets aside more cash for bad loans amid Trump tariff war

UK-based bank warns that trade tensions will lead to lower investment, consumer spending and GDP growth

The Guardian - UK

UK banks brace for first-quarter reports after Trump tariff turmoil

Lenders expected to split into two camps: those focused on domestic customers and those with large operations in the US, China and the EU

The Guardian - UK

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UK banks set to reassure households as tariffs ‘watershed’ moment for economy

Some of the country’s biggest high street lenders will publish their latest financial results next week.

The Independent UK

Bank employee claims she was just ‘borrowing’ money from customers when she took more than $240K from accounts: report

The total amount of money stolen is reportedly in excess of $241,900, according to investigators

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

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

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

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

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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 Guardian - 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

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 Independent 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.

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The Guardian - AU

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 Independent UK

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 Guardian - 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 Independent 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

International Business Times

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.

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.

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