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The Latest Breaking News on Financial Services

City regulator vows to ease ‘burden’ on UK banks amid government pressure

Bank of England says it is rowing back on ‘overcooked’ regulations introduced after financial crisis

The Guardian - UK · Jan 8, 2025

TikTok ‘cash-stuffing’ budgeting trend contributes to resurgence in ATM use

Cash stuffing was a viral approach to budgeting which helped people to not overspend

The Independent UK · Jan 8, 2025

Six big US banks quit net zero alliance before Trump inauguration

Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts

The Guardian - UK · Jan 8, 2025

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Wall Street bails on climate coalition

Goldman Sachs, Wells Fargo, Morgan Stanley, Citi and Bank of America all left the Net-Zero Banking Alliance

Salon · Jan 7, 2025

Barclays suggested ‘mystery shoppers’ could pretend to be blind or deaf

Bank faces criticism over adverts saying people testing its services could ‘fabricate’ conditions for £45 per visit

The Guardian - UK · Jan 5, 2025

January sales warning issued to bargain hunters by major bank

Lloyds Banking Group recorded a jump in the number of rogue retailers being identified in January last year.

The Independent UK · Jan 2, 2025

Hope for end to wage theft as laws come into force

Criminal penalties for employers who deliberately underpay workers have come into effect, with hopes they will deter bosses from engaging in the practice.

AAP · Jan 1, 2025

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How a batch of tinned meat fostered fears of the millennium bug

Computer system errors led to huge costs for countries as they prepared for potential disaster

The Guardian - UK · Dec 31, 2024

Former bosses of HSBC and Rolls-Royce knighted in new year honours

Noel Quinn and Warren East, as well as Chanel chief Leena Nair among business figures to be honoured

The Guardian - UK · Dec 30, 2024

‘Shockingly lax’: how soaring British bank Starling had its wings clipped

Launched as a challenger to traditional lenders, it profited from offering state-backed loans during Covid. But then the regulator came calling

The Guardian - UK · Dec 29, 2024

Texas man accused of threatening to slaughter Capital One execs who robbed him of ‘life he deserves’

“Please call me before I do things that are unforgivable and will make your executive team question their life choices,” 34-year-old Taylor Bullard warned, according to the FBI.

The Independent UK · Dec 25, 2024

UP police neutralize accused in Lucknow bank robbery case in encounter near Bihar border

In a significant breakthrough, the wanted accused in the Indian Overseas Bank (IOB) robbery case, Sunny Dayal, was neutralized in an encounter in Ghazipur near the Bihar border. Read further on Dynamite News:

Dynamite News · Dec 24, 2024

Two accused in Lucknow bank robbery killed in separate encounters

Two criminals allegedly involved in the robbery at the Indian Overseas Bank Chinhat branch in Lucknow were killed in separate encounters. Read further on Dynamite News:

Dynamite News · Dec 24, 2024

Credit Suisse Collapse Probe Slams Banking Regulator

Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday.

International Business Times · Dec 20, 2024

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The Independent UK · Dec 19, 2024

City watchdog extends motor finance complaints deadline to next December

The extension follows a landmark Court of Appeal ruling in October.

International Business Times · Dec 18, 2024

UniCredit Ups Pressure On Commerzbank, Fuelling German Anger

Italian bank UniCredit said Wednesday it had boosted its stake in Germany's Commerzbank, intensifying takeover speculation and sparking condemnation from Berlin of an "unfriendly" move at a time the country is in political limbo.

The Guardian - UK · Dec 18, 2024

Lloyds advert banned for making false environmental claims

Watchdog ruled social media post failed to provide balanced information over bank’s ongoing financing of polluting industries

The Independent UK · Dec 17, 2024

Big banks urged to step up on sustainable finance in 2025

ShareAction warned the banks they can expect to see shareholder action next year if they fail to meet investor expectations for greener practices.

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The Independent UK · Dec 16, 2024

Japan's largest bank apologizes over theft of millions of dollars from safe deposit boxes

Japan’s biggest bank has apologized after an employee allegedly stole more than 1 billion yen ($6.6 million) from customers' safe deposit boxes

The Conversation · Dec 16, 2024

Chalmers unveils new look Reserve Bank, with women in the majority on both its boards

A person with long experience in the financial services sector, Marnie Baker, and a distinguished academic economist, Renée Fry-McKibbin, have been appointed to serve on the Reserve Bank’s new monetary policy board:

The Guardian - AU · Dec 16, 2024

Jim Chalmers reveals two appointments to Reserve Bank’s new board tasked with setting interest rates

Renée Fry-McKibbin and Marnie Baker will sit on the RBA’s new board, which follows the government’s reform of the central bank

AAP · Dec 15, 2024

Scams lawsuit sends a message to Australia's banks

The corporate cop has put the nation's banks on notice after filing a civil case against HSBC Australia over its alleged failure to stop $23 million in scams.

Dynamite News · Dec 14, 2024

Bank Holiday today: Know banks are open or closed on Dec 14?

December 14, 2024, marks the second Saturday when banks across India will be closed. Read further on Dynamite News:

The Independent UK · Dec 13, 2024

Reeves says towns risk becoming ‘banking deserts’ as she sticks to hubs target

The Chancellor insisted the Government’s target for 350 banking hubs was a ‘massive ramp-up’ of previous plans.

Dynamite News · Dec 13, 2024

Mumbai: RBI receives bomb threat in Russian, probe underway

The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said. Read further on Dynamite News:

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