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The Latest Breaking News on Financial Services

Lloyds Bank sued for discrimination by employees disciplined over pro-Palestine views

Afra Sohail and Aunngbeen Khalid were subject to disciplinary action for their comments by their employer Lloyds Bank

The Independent UK

Disused Lloyds office sites to be converted into social housing

Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s

The Guardian - UK

Banks lashed for ripping off poorer customers

The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.

AAP

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read the most diverse news in one place.

Aussie 'FinFra': Magic wand for technology trailblazers

Australia faces a deadline for decommissioning the decades-old payments system for handling wages, bills and welfare as the velocity of the economy increases.

AAP

Mixed Profits At US Banks Amid Weaker Signs From Low-income Customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

International Business Times

Wells Fargo Stock Falls Despite Q2 Beat: Buy, Sell or Hold?

Wells Fargo stock is down despite reporting better-than-expected second-quarter earnings results. Here’s what you need to know.

Kiplinger

Banking complaints reach highest level in a decade as current account gripes soar

Consumers brought 24,402 credit card complaints, mostly due to perceptions around unaffordable or irresponsible lending

The Independent UK

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Senators accuse JPMorgan’s Jamie Dimon of backtracking on climate commitments

Exclusive: Letter from senators, led by Elizabeth Warren, says JPMorgan may have misled investors and public

The Guardian - US

Signs of household optimism as spending on holidays and entertainment increases

There were also signs of households cutting back on renovation projects and clothing, according to TSB.

The Independent UK

Pacific banking bolstered with federal $6 million boost

Banking services in Pacific nations will be strengthened with $6.3 million from the federal government, as Australian financial services are urged to stay.

AAP

Bank Teller Shares Why You Shouldn't Have Over $3K In Your Chequing Account: 'It's Not As Safe As You Think'

Checking accounts shouldn't hold a fortune! They miss out on interest and protections. Break up large sums for better growth and security.

International Business Times UK

Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week and are likely to show ongoing weakness to reflect a waning economy.

AAP

‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan

Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum

The Guardian - UK

Nation’s largest bank Chase threatens to charge for checking accounts if government caps fees

Under the proposed government regulation, credit card late fees could be capped at $8 and overdraft fees could be capped at $3

The Independent UK

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news in one place.

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The Independent UK

Major mortgage lenders chopping rates as competition heats up

Halifax, HSBC UK, Barclays, Santander and NatWest are among those to have made rate cuts this week, or outlined plans to do so.

AAP

'Deep flaws' in ASIC enforcement prompt calls for split

A bloated remit and chronic under-resourcing at Australia's corporate watchdog have been canvassed in a scathing parliamentary report.

The Independent UK

£235m expected to be withdrawn from ATMs as voters go to polls on Thursday

The predicted ATM withdrawal total is expected to be lower than it was on December 12 2019, when the last general election was held.

StockNews.com

3 Undervalued Small-Cap Stocks to Buy Before They Take Off

As the economy rebounds from tight monetary policies, small caps are poised to benefit from the cyclical upturn due to their greater sensitivity to economic conditions than large caps. Thus, it could be wise to invest in these three undervalued small-cap stocks: LifeVantage Corp. (LFVN), Hudson Global (HSON), and SigmaTron…

Get all your
news in one place.

100’s of premium titles.
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AAP

ANZ named and shamed for charging dead clients

The ANZ bank has been publicly named and shamed for charging fees to dead clients and ignoring requests for information from their representatives.

Evening Standard

Billboards calling on Wimbledon to drop Barclays as sponsor appear near All England Lawn Tennis Club

The guerilla protest accuses Barclays of supporting the arms trade and contributing to global warming

The Independent UK

Artists target Wimbledon with graphic mock adverts over Barclays sponsorship

The All England Lawn Tennis Club has faced pressure to drop the bank as partners

The Guardian - UK

Wimbledon urged to drop Barclays as sponsor over fossil fuel links

Climate groups and anti-war activists say bank using reported £20m deal to ‘hide its multitude of sins’

The Independent UK

Intellectual property valuation and lending: a guide

What is my IP worth?

AAP

Digital systems dethrone cash as dominant payment type

Online payments have surged in the past year to overtake the rate of cash withdrawals at ATMs, research shows.

AAP

Aussies feel social media fails to stop 'scam war'

One in five Australians believe social media giants are encouraging scams to occur on the platforms, a new survey reveals.

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