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The Latest Breaking News on Financial Services

Corruption scandal threatens to derail Haiti's newly-formed transitional council

Three of its members are accused of demanding over $750,000 from the director of a state-owned bank to let him keep his job

Latin Times

Commonwealth Bank to stop financing fossil fuel companies that don’t comply with Paris climate goals

Shareholders and customers of ANZ, Westpac and NAB are bound to demand their banks do the same, expert says

The Guardian - AU

NatWest latest major lender to offer sub-4pc mortgage rate in new price war

The high street lender began offering a 3.89 per cent deal with a £1,495 fee on Tuesday, following hot on the heels of other attractive offers for homeowners from Santander, Barclays, HSBC and Halifax

The Independent UK

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NatWest joins the rate cutting stampede with 3.89% mortgage deal

Rush of “sub-4” deals is expected to reinject energy back into sluggish property market

Evening Standard

Top Five Benefits of Peer-to-Peer Lending

Flexibility of terms and fast application processing are just two of the perks of P2P lending over traditional lending.

Kiplinger

Entrepreneurial excellence: 2024 Lloyds Bank British Business Excellence Awards finalists announced

Discover the best of British business, as the nominees for these prestigious awards are revealed

The Independent UK

Barclays becomes first UK bank to lift EU cap on bankers’ bonuses

In a memo sent to staff Barclays confirmed it was dropping the bonus cap, which will allow employess to earn up to 10 times their salary

The Independent UK

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Barclays seizes on post-Brexit rules to give bumper bonuses to top bankers

BARCLAYS has become the latest financial giant to allow top bankers the chance to earn eye-watering bonuses as part of a post-Brexit bonanza for fat…

The National (Scotland)

Cello-playing climate activist arrested at New York Citibank protest as crackdown escalates

Second activist also arrested during ‘summer of heat’ protest against second largest financier of fossil fuels

The Guardian - US

Barclays becomes first UK bank to lift cap on bonuses

Memo to staff reveals dropping of restriction, allowing payouts worth up to 10 times bankers’ salaries

The Guardian - UK

HSBC and Barclays slash five-year fixed mortgage rates to below 4%

Home loan price war is expected to boost the property market in the Autumn

Evening Standard

Big UK banks need to do more to be ready for potential failure, says Bank of England

BoE warns lenders including Barclays and Standard Chartered in effort to prevent social media-driven runs

The Guardian - UK

Bank of England seeks action from Britain's biggest banks on crisis plans

Threadneedle Street eyes lessons to be learned after SVB and Credit Suisse demise

Evening Standard

You Can Now Open a 100-Year CD. But Should You?

With a 100-year CD, you could potentially leave millions to a charity or future generation.

Kiplinger

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The Guardian - UK

Metro Bank returns from the brink but tough road lies ahead

The challenger bank has often taken chances but a new business model positions it as more the opportunist rather than the rebel

Tom’s Guide

FBI issues warning over scammers impersonating banks to steal your debit cards

Scammers are calling victims on the phone impersonating their bank while an accomplice goes to their home to get the chip and PIN from their debit card.

The Guardian - UK

Credit cards: ‘My spending limit was slashed by 90%’

How much banks will let you borrow can change without warning. One Money writer had theirs cut, while another’s was increased by a quarter

International Business Times UK

Chase Credit Card To Ban 'Buy Now, Pay Later' Schemes Starting Oct. 10 - Here's Why

JPMorgan Chase has prohibited customers from using its credit cards to repay third-party buy-now-pay-later loans, encouraging customers to use its BNPL service.

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Evening Standard

Bank branch closures, August 2024: full list of UK sites shutting including Lloyds, Halifax and Barclays

A host of big name banks are closing their doors for good at a number of sites around the UK in the coming weeks

The Guardian - UK

Barclays chief praises Wimbledon bosses for ‘resisting’ calls to drop bank’s sponsorship

UK lender has faced backlash for providing services to climate polluters and defence firms with alleged links to Gaza war

The Guardian - UK

HSBC shareholders to receive further $4.8bn as profits rise

Outgoing CEO Noel Quinn will have paid $34.4bn to investors during final 18 months in post

The Guardian - UK

Readers reply: Why do Visa and Mastercard advertise to consumers?

The long-running series in which readers answer other readers’ questions on subjects ranging from trivial flights of fancy to profound scientific and philosophical concepts

The Independent UK

Barclays issues romance scam warning after seeing a jump in claims

Men are more likely to report falling victim to a romance scam, but women are more likely to lose more money, according to the bank’s analysis.

The Guardian - UK

NatWest takes £24m hit from abandoned ‘Tell Sid’-style campaign

Bank left with costs from Sir Trevor McDonald-fronted campaign after early election halted rollout

The Independent UK

Four major banks breached rules to help keep customers informed

Lloyds, TSB and AIB have confirmed they are making changes and HSBC has been issued with directions, the Competition and Markets Authority said.

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