The Latest Breaking News on Financial Services

Will the bonus bubbly still flow as reality bites for British banks?

Job losses, shakeups and the motor finance commission scandal will cast a shadow over lenders when they start reporting results this week

The Guardian - UK · Feb 8, 2025

HSBC considering boosting new CEO’s pay package to £15m

Planned overhaul would see Georges Elhedery’s salary cut, with bonuses potentially raising maximum pay by 43%

The Guardian - UK · Feb 6, 2025

Firms raising prices ahead of trade tariff hikes, report finds

A poll of 1,500 businesses by HSBC found 39% of are increasing prices in anticipation of higher tariffs.

The Independent UK · Feb 6, 2025

Citigroup commits to hybrid working, bucking Wall Street trend

Managers told letting most staff continue to work up to two days from home will give bank competitive advantage

The Guardian - UK · Feb 4, 2025

UBS Profit Beats Forecast As Credit Suisse Merger Nears End

Switzerland's biggest bank posted a net profit of $770 million for the last three months of 2024, compared with a $279 million loss in the same period a year earlier as it wrestled with the weight of integrating its closest domestic rival.

International Business Times · Feb 4, 2025

Lloyds says services ‘back to normal’ after outage

Lloyds Bank and Halifax customers reported issues with payments on Monday morning, in the latest service issue to hit the sector.

Evening Standard · Feb 3, 2025

Big bank clips rates as RBA mulls next move

Strong retail spending figures are not expected to deter the Reserve Bank from cutting rates at its next meeting as one big bank lowers fixed-rate loans.

AAP · Feb 3, 2025

JPMorgan’s $4bn delivery of gold bullion adds to fears Trump’s tariffs will reshape global trade

US bank, world’s biggest bullion dealer, says it will deliver raw material against contracts that will expire in February

The Guardian - US · Feb 1, 2025

Barclays IT glitch locks customers out of accounts for almost 24 hours

Outage comes on HMRC’s deadline day for settling self-assessment tax returns and a pay day for many workers

The Guardian - UK · Feb 1, 2025

‘He spent thousands’: how a bank team tries to rescue scam victims

Santander’s specialist squad aims to save customers from the grips of fraudsters offering romance and more

The Guardian - UK · Feb 1, 2025