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The Latest Breaking News on Financial Services

Nine-figure profit shows merging Greater and Permanent was the right move

NGM Group's first full financial year results are in.

Newcastle Herald

Chancellor summons City bosses to No 11 for infrastructure taskforce relaunch

Exclusive: Rachel Reeves will meet senior City figures on Friday to discuss funding of national investment projects

The Guardian - UK

Why are mortgage rates rising and when could they fall again?

The Bank of England is still expected to cut its headline lending rate from 5% to 4.75% when its Monetary Policy Committee meets in November

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Stock Market Today: Stocks at Record Highs as Earnings Season Ramps Up

Markets continued where they left off last week amid rising optimism over corporate profits.

Kiplinger

How did a ‘bank snooping’ scandal ensnare politicians in Italy?

Prime Minister Giorgia Meloni says her opponents want to derail democracy – but is that true?

Al Jazeera

The bank named in more fraud complaints than any major UK competitor

One Revolut customer said he had £165,000 stolen from his business account by fraudsters

The Independent UK

JPMorgan Chase Profits Top Estimates, Bank Sees 'Resilient' US Economy

JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.

International Business Times

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TD Bank To Pay More Than $3 Bn To US In Money-laundering Case

Canada's TD Bank has agreed to pay more than $3 billion in penalties for failing to adequately monitor money laundering by drug cartels, US officials said Thursday.

International Business Times

ANZ joins rivals in cutting fixed mortgage rates – as it happened

ANZ joined rivals in cutting fixed mortgage rate; QLD LNP leader said end of coal before 2030s ‘fanciful’

The Guardian - AU

Pro-Palestine activists target every Barclays ATM in Scottish city

PRO-PALESTINE activists have taken part in targeted action against every Barclays Bank ATM in Glasgow.

The National (Scotland)

TSB fined £10.9m for ‘woeful’ systems leaving customers at ‘risk of harm’

The Financial Conduct Authority said the bank had inadequate processes between 2014 and 2020 for customers in arrears.

The Independent UK

New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’

Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units

The Guardian - UK

TSB mobile banking app down: thousands of users report being locked out

Thousands are without access to TSB banking this morning

Evening Standard

The Great Escape festival no longer sponsored by Barclays, after criticism of Israel links

Website for festival no longer names Barclays as a partner, following activist campaign against its sponsorship earlier this year

The Guardian - UK

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Creative Bloq

Lloyds' brand refresh is a powerful symbol of progression

It’s the banking brand’s biggest multi-channel ad campaign to date.

StockNews.com

3 Undervalued Financial Stocks Analysts Are Eyeing

The financial sector is poised for robust growth driven by evolving demand, rapid technological innovation, and economic growth. Hence, let’s analyze currently undervalued financial stocks, such as Synchrony Financial (SYF), Hamilton Insurance Group (HG), and CNB Financial (CCNE). Read more.

Kiplinger

Bank of America Outage Had Customers Seeing Zeros

A widespread outage at Bank of America showed $0 balances for many customers.

The National (Scotland)

Scottish CFO Awards return to celebrate outstanding finance leaders

Leading business and financial adviser, Grant Thornton UK LLP, has again teamed up with international law firm Addleshaw Goddard, leading executive…

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news in one place.

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The Independent UK

Warning over three-day delayed bank payments under new rules

A bank currenlty has until the end of the next business day to either process of refuse a payment

Tom’s Guide

Massive Bank of America outage — live updates on $0 account balances

Bank of America customers across the U.S. are experiencing issues when checking their balances on both the company’s app and website.

The Guardian - UK

Starling Bank is simply not fit to float

Damning report into financial crime controls revealed a shambles at the top and surely ends any dream of a flotation soon

The Guardian - UK

Starling Bank fined £29m for ‘shockingly lax’ financial crime controls

Challenger bank apologises after City regulator says lack of checks ‘left system wide open to criminals and those subject to sanctions’

The Guardian - UK

Vatican bank fires man and woman who flouted staff marriage ban

Newlyweds nicknamed ‘Romeo and Juliet’ by Italian media had both refused to resign so other could keep job

The Independent UK

Romance scams have surged – here are the warning signs to look out for

Be wary of love bombing and suspicious stories.

The Guardian - UK

Barclays delayed porting our mortgage but we still have to pay £13,000

We were in danger of our chain collapsing as it took so long over the paperwork and we had to find an alternative

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