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The Latest Breaking News on Financial Services

Bendigo Bank profit falls but assets still healthy

Regional lender Bendigo and Adelaide Bank says mortgage holders are keeping ahead of repayments and expects conditions to improve for borrowers next year.

AAP

Missouri man’s armed bank robbery foiled by locked front door

Jacob Lowell Hessing planned to rob the Exchange Bank of Missouri on a Saturday, unaware that access to the building was by appointment only

The Independent UK

Why are nationwide payments delayed? Banking outage explained

Every customer will still be able to access the banking app and their Nationwide online account

Evening Standard

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read the most diverse news in one place.

The horror, the horror: banks are having to compete for our business by offering better rates

Don’t buy the banks’ sob story. They are annoyed Australians are becoming more savvy at shopping around for better deals for their home loans

The Guardian - AU

Kate Forbes hails 'promising future' after state-owned Scottish bank's finance report

KATE Forbes has said that Scotland’s state-owned investment bank has an “increasingly promising future” after new figures ...

The National (Scotland)

If UK bank bosses demand uncapped bonuses then salaries must fall

Barclays was first to formally lift the cap imposed by the EU but the balance between fixed and variable pay has to be addressed

The Guardian - UK

Jamie Dimon Backs Buffett Rule: Advocates 30% Tax for Millionaires to Help Cut $35 Trillion National Debt

Jamie Dimon calls for debt reduction and supports the Buffett Rule, which would increase taxes on the wealthy, amid US economic challenges.

International Business Times UK

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Race for UK banks to repay £100bn in Covid loans could help savers

Lenders may look to attract more deposits from savers to raise funds to repay Bank of England pandemic-era loans

The Guardian - UK

‘Kafkaesque’: bank blocks cash transfer, saying it could be an AI scam

Starling’s fraud team repeatedly refused to allow UK man to send £12,800 to friend in Austria, then froze account

The Guardian - UK

Monzo rated as Britain’s top bank in survey of 36,000 people

The Competition and Markets Authority has published the findings of its latest survey.

The Independent UK

Texas comptroller adds NatWest to list of companies ‘boycotting’ fossil fuel firms

The bank is latest to be named by officials in the US state, which has law to protect oil and gas sector

The Guardian - UK

Barclays planned to withdraw from Israeli bond auctions: Report

UK bank wanted to quell criticism over involvement with defence firms supplying Israeli military.

Al Jazeera

Corruption scandal threatens to derail Haiti's newly-formed transitional council

Three of its members are accused of demanding over $750,000 from the director of a state-owned bank to let him keep his job

Latin Times

Commonwealth Bank to stop financing fossil fuel companies that don’t comply with Paris climate goals

Shareholders and customers of ANZ, Westpac and NAB are bound to demand their banks do the same, expert says

The Guardian - AU

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news in one place.

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The Independent UK

NatWest latest major lender to offer sub-4pc mortgage rate in new price war

The high street lender began offering a 3.89 per cent deal with a £1,495 fee on Tuesday, following hot on the heels of other attractive offers for homeowners from Santander, Barclays, HSBC and Halifax

Evening Standard

NatWest joins the rate cutting stampede with 3.89% mortgage deal

Rush of “sub-4” deals is expected to reinject energy back into sluggish property market

Kiplinger

Top Five Benefits of Peer-to-Peer Lending

Flexibility of terms and fast application processing are just two of the perks of P2P lending over traditional lending.

The Independent UK

Entrepreneurial excellence: 2024 Lloyds Bank British Business Excellence Awards finalists announced

Discover the best of British business, as the nominees for these prestigious awards are revealed

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news in one place.

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The Independent UK

Barclays becomes first UK bank to lift EU cap on bankers’ bonuses

In a memo sent to staff Barclays confirmed it was dropping the bonus cap, which will allow employess to earn up to 10 times their salary

The National (Scotland)

Barclays seizes on post-Brexit rules to give bumper bonuses to top bankers

BARCLAYS has become the latest financial giant to allow top bankers the chance to earn eye-watering bonuses as part of a post-Brexit bonanza for fat…

The Guardian - US

Cello-playing climate activist arrested at New York Citibank protest as crackdown escalates

Second activist also arrested during ‘summer of heat’ protest against second largest financier of fossil fuels

The Guardian - UK

Barclays becomes first UK bank to lift cap on bonuses

Memo to staff reveals dropping of restriction, allowing payouts worth up to 10 times bankers’ salaries

Evening Standard

HSBC and Barclays slash five-year fixed mortgage rates to below 4%

Home loan price war is expected to boost the property market in the Autumn

The Guardian - UK

Big UK banks need to do more to be ready for potential failure, says Bank of England

BoE warns lenders including Barclays and Standard Chartered in effort to prevent social media-driven runs

Evening Standard

Bank of England seeks action from Britain's biggest banks on crisis plans

Threadneedle Street eyes lessons to be learned after SVB and Credit Suisse demise

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