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The Latest Breaking News on Financial Services

Former Barclays chief Jes Staley heads to court to clear name from associations to Jeffrey Epstein

American banker had a relationship with the now-deceased Epstein while working at JPMorgan Chase

The Independent UK

Online banking problems prompt MPs’ concern amid UK branch closures

Thousands of Lloyds, Nationwide, Halifax, TSB, Bank of Scotland and First Direct customers affected on Friday

The Guardian - UK

Lloyds and Nationwide online banking down, leaving users locked out of accounts on payday: Live updates

Payday payments affected for second month in a row amid outages across high street

The Independent UK

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Online banking issues hit customers on payday for second month in a row

Four banks have confirmed disruption for customers on Friday morning.

Evening Standard

JP Morgan CEO Jamie Dimon says that he regrets foul-mouthed rant about employees working from home

‘I’m not against work from home. I’m against where it doesn't work’ he said while justifying his in-office mandate

The Independent UK

'Can't work in the dark': ASIC calls out private market

Financial watchdog ASIC is concerned about a lack of transparency in the growing private equity and private credit markets, as well as a slowdown in IPOs.

AAP

Peter Dutton denies having access to sensitive information as Labor questions personal investments

Liberals decry government ‘dirt unit’ as Labor scrutiny leads to fiery clash during Senate estimates

The Guardian - AU

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Antisemitism now Asio’s ‘number one priority’, Burgess says – as it happened

This blog is now closed

The Guardian - AU

Monzo, Revolut, Starling or Chase? The best digital bank accounts, compared

Whether you use an app bank as your main account or your spending one, it’s important to pick the account that suits your needs

The Independent UK

Victim of banking app scam issues warning to other Scots who could fall prey

SCAMMERS have been targeting unsuspecting victims with a fake banking app in Scotland.

The National (Scotland)

Standard Chartered cashes in on wealth arm while boss’s pay surges

The UK-listed bank paid its chief executive £10.7 million last year, 46% more than he earned the previous year.

The Independent UK

Wong says she expressed ‘importance of Oscar Jenkins’ condition’ to Russian foreign minister – as it happened

This blog is now closed

The Guardian - AU

Lloyds puts aside a further £700m for compensation over car finance scandal

Profits hit as total held back for payouts rises to almost £1.2bn amid uncertainty over final financial impact

The Guardian - UK

Gold hits record high amid geopolitical worries; Amazon takes creative control of James Bond – as it happened

Spot price of gold is approaching $3,000/ounce while Amazon has acquired creative control of the spy franchise from the Broccoli dynasty.

The Guardian - UK

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The Independent UK

HSBC pushes back climate targets by 20 years and blames ‘lag’ in government policy

UK head office to bear brunt of job cuts as bank aims to slash staffing costs by £1.2bn

International Business Times

HSBC Targets $1.5 Bn In Annual Cost Savings After Revamp

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.

Dynamite News

Mumbai's EOW summons ex-bank general manager Hitesh Mehta over Rs 122 crore fraud

The Economic Offences Wing (EOW) has summoned Hitesh Pravinchand Mehta, the former General Manager of New India Co-operative Bank Limited, in connection with a Rs122 crore financial fraud case, Mumbai police confirmed in their statement. Read further on Dynamite News:

Top News

Sen. Jim Justice Criticizes Democrats For Excessive Government Spending

Senator Jim Justice criticizes Democrats for opposing cost-cutting measures and supports President Trump's efforts to reduce government spending.

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The Guardian - UK

UK-based lawyers for Hong Kong activist Jimmy Lai targeted by Chinese state

Exclusive: Barristers at Doughty Street Chambers say they have been subject to surveillance, hacking and rape threats

The Guardian - UK

‘Crystal Methodist’ fails to show for Manchester sentencing hearing

Judge issues arrest warrant for disgraced former cleric and ex Co-operative Bank boss Paul Flowers

Evening Standard

Everything you need to know about the Rachel Reeves expenses row

Chancellor under fire for CV and expenses

Evening Standard

Warrant issued for arrest of ‘Crystal Methodist’ former bank boss Paul Flowers

Flowers, 74, who pleaded guilty to a catalogue of fraud, amounting to nearly £100,000, did not appear at court for sentencing.

The Independent UK

Nigel Farage considers private criminal proceedings against NatWest Group over debanking scandal

Row over debanking of Reform UK leader led to departure of chief executive Dame Alison Rose in 2023

The Independent UK

NatWest wants potential 43% payrise for boss as government reduces stake below 7%

The bank are anticipating a ‘new, forward-looking chapter’ once it returns to fully private ownership

The Guardian - UK

NatWest wants to raise CEO’s maximum pay by more than 40%

Paul Thwaite could earn up to £7.7m, and move comes as bank prepares to return to full private ownership

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