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The Latest Breaking News on Financial Services

BofA Extends Guaranteed FX Rates Up To One Year, Industry's Longest Tenor

In the 8th year since the bank launched guaranteed FX rates with tenors longer than 24 hours, the solution currently supports more than 200 currency pairings across various tenors, with the 1-year tenor now available for 37 currency pairs.

International Business Times

Faith-based environmental groups take on fossil fuels as 'a sacred duty'

Over the summer, faith-based environmental groups took part in the Summer of Heat, a campaign that organized more than 40 protests at Citigroup investment bank’s headquarters in Lower Manhattan, condemning the bank’s financing of fossil fuel projects

The Independent UK

‘They refused to let me go’: Japanese workers turn to resignation agencies to quit jobs

One in six workers has engaged a firm to hand in notice for them, as younger workers reject traditional work ethic

The Guardian - UK

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Concerns over Barclays Tesco Bank transfer

The deal would see BBUK continue to operate the business under the Tesco Bank

The Independent UK

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

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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

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)

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The Independent UK

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 Guardian - 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

Evening Standard

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

Thousands are without access to TSB banking this morning

The Guardian - UK

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

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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…

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

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