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The Latest Breaking News on Financial Services

‘Free money’ and 10% interest: carrots UK banks are dangling to get you to switch

Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached

The Guardian - UK · May 20, 2024

A prison guard trainee walked into a bank, killed five women and called 911. Now a jury will decide his fate

Now 12 jurors will decide whether the 27-year-old former prison guard trainee is sentenced to death or life without parole

The Independent UK · May 19, 2024

Ensure gold loans are repaid and not renewed, banks tell branches

Get insights on gold loans, interest rates, repayment options, and RBI regulations for borrowers and banks.

The Hindu · May 18, 2024

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Vindicated by Court, CFPB Director Chopra says bureau will add staff, consider new rules on banks

Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist at all

The Independent UK · May 17, 2024

Bank of England plans sevenfold expansion of Leeds operation

One in 10 officials to be based in city within three years and 70-strong team will increase to 500

The Guardian - UK · May 17, 2024

More than 6,000 UK bank branches now gone in nine years of ‘disastrous’ closures

Thirty-three constituencies, including two in London, will not have a single bank branch by the end of the year, says Which?

The Guardian - UK · May 16, 2024

Three UK banks announce cuts to cost of fixed-rate mortgages

Barclays Bank, HSBC and TSB reveal changes, reversing some of price rises seen in recent weeks

The Guardian - UK · May 16, 2024

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FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week

The Independent UK · May 16, 2024

Supreme Court Upholds Consumer Financial Protection Bureau's Funding Structure

Supreme Court upholds CFPB's funding structure, ensuring independence and consumer protection mandate.

'Stop this madness': Lloyds bank summit disrupted by climate and Gaza protests

THE Lloyds Banking Group’s annual general meeting (AGM) has been disrupted by pro-Palestinian and climate activists ...

The National (Scotland) · May 16, 2024

More Americans are falling behind on credit card bills

Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates.

WEKU · May 14, 2024

DHFL scam: CBI arrests Dheeraj Wadhawan in ₹34,000-crore bank fraud

Former DHFL Director Dheeraj Wadhawan arrested by CBI for defrauding bank consortium of ₹34,000 crore.

The Hindu · May 14, 2024

Sub-Registrars directed not to harass public for trivial issues

Registration Department addresses delays, transparency issues, and workload analysis in 582 SROs across 56 districts in the State.

The Hindu · May 12, 2024

Capital Group buys more than £110m in NatWest shares after UK government share cut

Leading US investor pours cash into shares after cut helps allay fears of state intervention

The Guardian - UK · May 12, 2024

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The Hindu · May 7, 2024

U.K. court rejects fifth bail plea of PNB scam accused Nirav Modi

Nirav Modi's fifth bail application denied in UK court, extradition to India pending despite legal processes.

The Hindu · May 3, 2024

Wine shop owners in Telangana bemoan cash seizure in election hustle

At least 150 outlets might have been affected by these searches of the 621 shops in the twin cities, Ranga Reddy and Medchal Malkajgiri districts.

Evening Standard · May 2, 2024

Santander raises mortgage rates for second time in four days

Lenders have been increasing mortgage rates again as the bank of England’s first interest rate cut appears further away than previously hoped

Evening Standard · May 2, 2024

Coutts faces new storm as it plans to move £2bn out UK shares

The royal bank claims its ‘home bias’ towards British company shares was an ‘anachronism’ that needed ‘funadamental change’

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Evening Standard · May 2, 2024

Standard Chartered beats UK banks thanks to Asian focus

STANDARD Chartered showed off the benefit of its focus on Asian markets today with a jump in trading income as clients took a more “risk on” approach to investing.

Evening Standard · May 1, 2024

HSBC Innovation Banking chair departs in latest boardroom reshuffle

The chair of HSBC Innovation Banking has stepped down in the latest sign of a boardroom reshuffle at the firm formerly known as Silicon Valley Bank UK.

The Guardian - UK · Apr 30, 2024

HSBC chief Noel Quinn to step down after ‘intense’ five years

Bank says it has started search for a successor as it reports quarterly profits beat forecasts

The Hindu · Apr 26, 2024

Madras High Court refuses to interfere with merger of Lakshmi Vilas Bank with DBS India

Madras High Court refuses to interfere with RBI's decision to amalgamate Lakshmi Vilas Bank with DBS Bank India.

The Guardian - UK · Apr 26, 2024

Barclays accused of greenwashing over financing for Italian oil company

Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production

The Hindu · Apr 26, 2024

Issuance of LOCs at instance of public sector banks sans law is violation of fundamental rights: Bombay High Court

Bombay High Court deems Look Out Circulars by public sector banks against default borrowers without statute unconstitutional

The Guardian - UK · Apr 26, 2024

UK consumers feeling more confident about finances, says NatWest boss

For first time since August 2021 people expect position to be better in a year, Paul Thwaite adds

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