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The Latest Breaking News on Financial Services

Staff ‘quit challenger bank Starling’ after being told to return to office

Raman Bhatia, who took over as chief executive in March, told staff he wants them in the office for a minimum of 10 days a month

The Independent UK

Starling Bank staff resign after new chief executive calls for more time in-office

Exclusive: Staff complain Raman Bhatia is creating ‘grey corporate hellscape’ and offices already lack desk space

The Guardian - UK

The Australian government will force some shops to accept cash. So who still uses it, and why?

Cash use has declined drastically across all age groups and for all products, but small pockets of resistance to digital-only payments remain

The Guardian - AU

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No 10 defends Rachel Reeves amid growing scrutiny over 'fake CV' claims

DOWNING Street has defended Rachel Reeves’s record of being “straight with the public” amid claims the Chancellor has embellished her CV.

The National (Scotland)

Young Australians cut back in cost-of-living crisis while older people shop more, data shows

Commonwealth Bank finds over-70s cohort spent 7.7% more from July to September than the same time last year

The Guardian - AU

Rachel Reeves has been straight with the public, says No 10 amid CV questions

Media reports have contested the Chancellor’s work history as listed on the LinkedIn social media site.

The Independent UK

Disgraced Singapore Oil Tycoon To Be Sentenced For Fraud

The founder of a failed Singapore oil trading company will be sentenced Monday for cheating banking giant HSBC out of millions of dollars in one of the country's most serious cases of fraud.

International Business Times

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NAB sued for failing customers in financial hardship

Customers facing issues such as domestic violence and serious medical conditions were let down by NAB in their requests for support, a lawsuit alleges.

AAP

Backflip on international student caps ‘baffling’, MP says – as it happened

This blog is now closed

The Guardian - AU

Santander, HSBC and TSB increase mortgage rates after applications rush in spite of Bank of England cut

Santander, HSBC and TSB raised rates by up to 0.3 percentage points

The Independent UK

NatWest blocks employees from using WhatsApp and Facebook Messenger

Companies in the UK and US have began receiving fines for using messaging services such as WhatsApp and Facebook for work communications

The Independent UK

Property market recovery 'put on pause' by mortgage rate hikes warns Knight Frank

The high street bank is increasing fixed rates for most residential rates for new buyers and remortgage customers by up to 0.29%

Evening Standard

Metro Bank fined nearly £17m for failure to monitor potential money laundering

Problems were raised by junior staff three years before they were completely resolved, says FCA

The Guardian - UK

Australia Moves To Keep Its Banks In The Pacific

Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps.

International Business Times

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The Guardian - UK

NatWest buys back £1bn of its shares from UK government

Privatisation of bailed-out bank continues after plan to offer to retail investors was abandoned

The Independent UK

NatWest app went down for hours as customers vented frustration

Customers took to social media to express their outrage

Kiplinger

Are Credit Cards an Alternative Source of Income?

Thinking that having credit available means you have another source of income is misguided.

The Independent UK

A courtroom of relief: FBI recovers funds for victims of scammed banker

Cheers and sobs of relief broke out in a federal courtroom in Kansas as dozens of people whose life savings had been embezzled by a bank CEO learned federal law enforcement had recovered their money

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news in one place.

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AAP

Westpac's profit dips to $7b as mortgage stress eases

Westpac has posted an annual profit of $7 billion and lifted its final dividend, in Peter King's last financial result as chief executive.

Latin Times

JPMorgan Chase To Pay $151 Million To Settle SEC's Five Enforcement Cases

The U.S. Securities and Exchange Commission has charged J.P. Morgan Securities and J.P. Morgan Investment with misleading brokerage customers with inaccurate disclosures, breaching its fiduciary duty, engaging in prohibited joint transactions and principal trades, and failing to make recommendations that serve the best interests of its customers.

International Business Times

JPMorgan Chase To Pay $151 Million To Settle 5 SEC Enforcement Cases

J.P. Morgan Securities and J.P. Morgan Investment were accused of misleading customers with inaccurate disclosures, breaching its fiduciary duty and engaging in prohibited joint transactions and principal trades.

Marie Claire

5 Steps to Money Mindfulness

It's simpler than you think.

The Guardian - UK

Lloyds shareholders could take £1bn hit over car finance crisis

Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis

Latin Times

Florida Law Aimed at Banning Bad Actors from Scamming Residents Unwittingly Blocks Every Bank from Conducting Business in the State

A new law meant to protect residents inadvertently barred most major banks from conducting securities business in Florida, halting transactions for four weeks.

The Guardian - UK

Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance

Industry and Treasury hold urgent talks after court of appeal rules consumers were mis-sold loans

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