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The Latest Breaking News on Financial Services

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

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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

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

The Guardian - UK

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.

Evening Standard

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

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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

The Guardian - UK

Trial of former Russian minister ‘not about Vladimir Putin’, jurors told

Dmitrii Ovsiannikov is facing seven counts of circumventing sanctions in the UK.

The Independent UK

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

Evening Standard

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 Guardian - 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 Independent 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 Guardian - 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 Independent UK

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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

Evening Standard

Revealed: London university named among worst for student loan fraud in leaked report

The Student Loans Company has identified 543 fraudulent applications, amounting to £6.2 million, from students linked to University of West London

The Independent UK

Bank says it fears vice chair was killed in plane crash that set house on fire

Woman who lives in house set alight in crash was walking her dog at the time, while her husband managed to escape unscathed through kitchen

Evening Standard

The City is more than just a London Square Mile it is an asset for the whole country

The Bank of England’s decision to move 1 in 10 staff out of London to Leeds is not a threat to The City, but a way to broaden its relevance

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The Guardian - UK

‘My target is those who have looted my banks’: Bangladesh’s bank governor chases vanished assets

Despite attempts to discredit him, the central bank governor is determined to trace the guilty with the UK’s help

The Independent UK

Bank of America warns it may cancel accounts that aren’t active

Customers who haven’t logged into their accounts for three years may be impacted

Al Jazeera

Bangladesh up against time to find stolen billions: Central bank governor

Central bank Governor Ahsan Mansur talks about the hunt for wealth transferred out of the country by political elites.

The Independent UK

Banks to reach out to struggling customers as bills rise in April

Some high street banks are prepared to get in touch with customers they feel might be teetering on the edge of financial difficulty.

The Independent UK

Fraud warning for people planning to declutter this spring

Barclays said scammers are exploiting trust between buyers and sellers using online marketplaces.

The Guardian - UK

Nigel Farage settles dispute with NatWest Group two years after accounts closure

Reform UK leader threatened legal action after political views cited as reason for closure of Coutts account

Evening Standard

Wife of former Russian minister cries during UK sanctions trial

Ekaterina Ovsiannikova told Southwark Crown Court she ‘did not have a clue’ that sanctions imposed on her husband would affect her family.

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