The Latest Breaking News on Financial Services

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

The Guardian - UK · Aug 3, 2024

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.

International Business Times UK · Aug 2, 2024

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

Evening Standard · Aug 1, 2024

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 Guardian - UK · Jul 26, 2024

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.

The Independent UK · Jul 25, 2024

Lloyds predicts drop in defaults on loans and mortgages as UK economy improves

Bank sets aside just £44m for bad debts and defaults in second quarter amid upbeat outlook

The Guardian - UK · Jul 25, 2024

Banks closing branches will have to protect customers’ access to cash – watchdog

The Financial Conduct Authority said new rules will come into effect from September 18.

The Independent UK · Jul 23, 2024

Who is unbanked in the US?

How do the 6% of Americans without a bank account use their money?

USAFacts · Jul 23, 2024

Stock market today: Asian shares are mixed after Wall Street breaks losing streak

Shares are mixed in Asia after a rally on Wall Street

The Independent UK · Jul 23, 2024

Northern Rock ‘mortgage prisoners’ sue TSB subsidiary that bought their loans

Borrowers say Whistletree charged inflated interest rates when it took on their debt after lender’s collapse

The Guardian - UK · Jul 23, 2024