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The Latest Breaking News on Financial Services

MPs back Bill to prevent taxpayers being ‘on the hook for small bank failures’

The Government has said the mechanism would provide more flexibility.

The Independent UK · Jan 22, 2025

Manhunt begins after murder of banking executive in London flat

Police believe the suspect was known to Marianne Kilonzi, who worked at Citibank, and may have fled the country

The Guardian - UK · Jan 21, 2025

‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics

Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch

The Guardian - UK · Jan 21, 2025

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Why could Santander bank leave the UK?

The bank has not been performing as well as expected and its owner, Banco Santander, may be looking at an exit

Evening Standard · Jan 21, 2025

Santander rushes guidance to managers as it reviews its future in UK

Bank is considering sale of British business amid mounting frustrations over regulation

The Guardian - UK · Jan 20, 2025

Trio avoid going to jail over attempted $21m bank fraud

A group including a former senior employee have been spared time behind bars after attempting to defraud a major bank out of more than $20 million.

AAP · Jan 20, 2025

Bank of England delays rules designed to avoid banking crash by a year

Donald Trump’s return to White House and Rachel Reeves’s call for regulators to help drive UK growth taken into account

The Guardian - UK · Jan 17, 2025

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Why Bank of America Stock Is Still a Buy After Earnings

Bank of America stock is trading lower Wednesday after the financial firm reported earnings but Wall Street isn't worried. Here's why.

Kiplinger · Jan 16, 2025

Surge in number of Australians seeking debt help

Australians are struggling with the mounting cost of living, with the National Debt Helpline fielding a significant increase in calls.

AAP · Jan 16, 2025

Why Wells Fargo's Revenue Miss Isn't Worrying Wall Street

Wells Fargo is one of the best S&P 500 stocks Wednesday even after the big bank's top-line miss. Here's what you need to know.

Kiplinger · Jan 15, 2025

US Bank Profits Rise As Wall Street Hopes For Merger Boom

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall Street eyes a potential merger boom under the incoming Trump administration.

International Business Times · Jan 15, 2025

Lloyds to close second UK office and cut roles as part of major shake-up

Hundreds of roles will be removed, while new ones will be created as part of the overhaul.

The Independent UK · Jan 15, 2025

Is JPMorgan Chase Stock a Buy, Hold or Sell After Earnings?

JPMorgan Chase is trading higher after the big bank topped fourth-quarter earnings expectations, but is the stock a Buy? Here's what you need to know.

Kiplinger · Jan 15, 2025

Lloyds bank to shut Liverpool office with 500 workers impacted

Lloyds said it has not cut jobs as part of the closure plans but will require around 100 staff to relocate to Chester.

The Independent UK · Jan 15, 2025

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The Guardian - UK · Jan 15, 2025

Major banks are abandoning their climate alliance en masse. So much for ‘woke capital’

The scope of the Cop26 net zero banking alliance may have been limited, but the exodus of six US banks signifies a seismic political shift, says senior research fellow Adrienne Buller

AAP · Jan 14, 2025

Experts put money on early rate cut as spending slides

A decline in spending on household goods has bolstered hopes of an RBA rate cut, which would help boost dour consumer sentiment.

The Independent UK · Jan 14, 2025

Capital One sued by US watchdog alleging bank cheated customers out of $2 billion

A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result

The Guardian - UK · Jan 13, 2025

Axos Financial: how the US bank became one of Trump’s biggest backers

The online lender has thrived as it helped extend $400m in loans with its biggest individual investor, Don Hankey

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The Independent UK · Jan 13, 2025

Lloyds bankers could face bonus cuts unless they turn up to office at least two days a week

The approaching end of hybrid working being dominant in finance roles has been apparent for some time

The Guardian - UK · Jan 13, 2025

Lloyds bankers could face bonus cut if not in office two days a week

Group reviews office attendance as part of performance-related bonus targets for senior employees

The Guardian - US · Jan 10, 2025

JPMorgan Chase requires all workers to return to office five days a week

Executives acknowledge ‘not everyone will agree with this decision’ as bank calls time on remote and hybrid working

Kiplinger · Jan 9, 2025

The Best Bank ETFs to Buy

The best bank ETFs can offer above-average yields and reduce the complexities of investing in financial stocks.

The Independent UK · Jan 9, 2025

Lloyds, Halifax and Bank of Scotland to share bank branches but union fears it means more closures

Lloyds Banking Group, which owns all three brands, said the changes were good news for customers as it gives them more choice and flexibility.

The Guardian - UK · Jan 9, 2025

Lloyds to let customers use Halifax and BoS branches, raising job cut fears

Account holders at the group’s three brands will be able to use any of their locations, but unions fear site closures

The National (Scotland) · Jan 9, 2025

Scottish councils 'must learn' after worker stole £1.1m undetected for 17 years

Scottish councils must learn from the issues that allowed a local authority worker to steal £1.1 million undetected for 17 years, the Accounts…

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