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The Latest Breaking News on Financial Services

Government agency skewered by banking group for stern take on credit card rewards programs

The American Bankers Association argues against Consumer Financial Protection Bureau’s claim that credit card issuers may be using bait-and-switch tactics in their rewards programs

The Independent UK

Inside the Career of Brijesh Mishra: The Former Banking Leader Helping Global Entrepreneurs Enter Dubai's Market

Mishra is selective about the clients he works with, unafraid to decline engagements where he senses a misalignment. Quality, transparency, and principle-driven decision-making guide every interaction.

International Business Times

This bank offers the best mobile credit card experience, according to new study

Winning bank beat competitors in categories like cardholder acquisition, app features, and card comparison tools

The Independent UK

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Regulators to announce plans to bolster mutuals after Labour vows to double £223bn sector

Bank of England and FCA to join city minister in Rochdale amid plans to streamline regulation and expand expert support

The Guardian - UK

Bank of England to stress test private credit firms as concerns grow

The central bank said it has launched a new exercise to stress-test the resilience of the market.

The Independent UK

An eco obscenity: Norman Foster’s steroidal new skyscraper is an affront to the New York skyline

It contains enough steel to go round the world twice – and even has a fake breeze to flutter the stars-and-stripes flag in its lobby. If this $4bn colossus is just the first of a new breed of bulky supertalls, is Britain next?

The Guardian - UK

BoE Eases Bank Capital Requirements for the First Time Since 2008—What It Means for You

The Bank of England has eased bank capital rules for the first time since 2008. Here's what it means for borrowing, savings and the wider economy.

International Business Times UK

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FTSE 100 ends flat as bank gains offset weak gold

Elsewhere, UK lenders passed the latest Bank of England stress tests.

The Independent UK

BoE governor says it has not forgotten lessons of financial crisis, as it eases capital rules

Bank of England’s move risks stoking concerns about weakening protections against UK bank failures

The Guardian - UK

Bank of England defends OBR’s independence against political attacks; UK banks pass stress tests – as it happened

BoE governor Andrew Bailey says it’s important to remember why Office for Budget Responsibility was created, amid row over budget leaks

The Guardian - UK

Wall Street Giant Denies Trump Ballroom Donation Over 'Bribery Probe' Concerns

JPMorgan Chase CEO Jamie Dimon has refused to contribute to Donald Trump's White House ballroom project, citing concerns over perceptions of 'buying favours' and possible scrutiny by the U.S. Department of Justice.

International Business Times UK

JPMorgan Forecasts a Global Reordering in 2026 With Latin America as a Critical Supplier

Countries across the region have maintained strong commercial ties with both the United States and China, an alignment that has become central as supply chains reconfigure

Latin Times

JPMorgan Plans Major London HQ Expansion

JP Morgan Chase Co. (NYSE:JPM) announced Thursday a massive London expansion plan. The bank said it intends to construct a three-million-square-foot tower on the Riverside site in Canary Wharf.

Benzinga

JPMorgan to build £3 billion mega tower HQ at Canary Wharf in boost for London

Facilities including terraces and roof-tops, wellness spaces, nursing rooms, restaurants and cafés, and bicycle parking spaces.

Evening Standard

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The Independent UK

What are banking hubs for and how can I find one near me?

Branches are disappearing across the nation - can hubs really take their place?

The Guardian - UK

UK bank shares rise after reports of budget tax reprieve

NatWest, Lloyds and Barclays stock up amid expectation Rachel Reeves will spare lenders from further levy

International Business Times UK

'100 Calls in 90 Days': Bank Hit With Nearly $40K Penalty Over Aggressive Debt-Collection Tactics

Consumer Protection BC ordered Scotiabank to pay nearly $40,000 after finding the bank harassed a Vancouver customer with more than 100 collection calls despite instructions to contact only his lawyer.

The Guardian - UK

Dubai bank is behind British businessman’s 30-year jail sentence, family claims

Ryan Cornelius was arrested in 2008 over a bank loan and will be 84 years old when he is due to be released

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Kiplinger

How to Skip Fees at the Bank

You can steer clear of fees, especially if you choose your account wisely. Here are some tips to keep them at bay.

Benzinga

4 High-Quality International Stocks To Consider As AI Rally Falters

U.S. investors are staring down several headwinds at the moment: heightened tech stock valuations, hawkish Federal Reserve commentary, and erratic tariff policies from the Trump administration.

The Independent UK

Federal Reserve releases new guidance for bank oversight in move praised by industry

The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor

The Guardian - AU

CBA boss says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money

Commonwealth Bank Australia– which reported a record cash profit of $10.3bn in most recent financial year – charged $270m in ‘excessive fees’ over five years

AAP

Commonwealth Bank boss reveals preferred migration rate

The boss of Australia's biggest bank has nominated a preferred migration rate while appearing before a parliamentary committee. saying a target is appropriate.

Evening Standard

The remarkable story of Canary Wharf's renaissance

It emptied out in the Covid years — but with a reinvention and the decline of WFH, Docklands is back in business says Jonathan Prynn

Axios

Why Trump targeted JPMorgan in call for Justice Department Epstein probe

Trump said he will direct the Justice Department to investigate Epstein's connections to former President Clinton and others.

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