The Latest Breaking News on Financial Services

HSBC and NatWest accused of financing North Sea oil extraction despite pledge

Campaigners call on banks to cease funding Ithaca, which is playing a key role in Rosebank oilfield plan

The Guardian - UK · Mar 22, 2024

Afternoon Update: one in 20 mortgage holders spending more than they earn; Reddit shares soar; and a crocodile in a service station

Reserve Bank says share of mortgage holders under pressure should halve by the end of 2025

The Guardian - AU · Mar 22, 2024

Ethiopian Bank Glitch Lets Customers Withdraw Up To £32m at ATMs

Ethiopian students took advantage of a glitch involving the Commercial Bank of Ethiopia before police stopped further withdrawals from happening.

International Business Times UK · Mar 21, 2024

What will happen to Greater and Permanent HQs beyond $20b bank merger?

It's been one year since the $20-billion merger.

Newcastle Herald · Mar 18, 2024

Scottish Widows staff told not to use the word ‘widow’ as it triggers some customers

Bank bosses say it may spark ‘unwarranted personal memories of trauma and upsetting situations’

Evening Standard · Mar 18, 2024

Starling bank refused a £10,000 scam refund for my grieving, ill husband

The scammers struck two days before he was due to have major heart surgery, and in the midst of grieving for our daughter, who was murdered overseas

The Guardian - UK · Mar 18, 2024

Subsidiaries offer cheaper rates than big bank parents

Big banks are attracting new customers via their subsidiaries and digital offshoots while customers with their main brands keep their margins healthy.

AAP · Mar 18, 2024

Nationwide faces mounting calls to give members say on Virgin Money takeover

Experts question if ‘bigger is better’ and whether members should be consulted on the £2.9bn deal

The Guardian - UK · Mar 17, 2024

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case

The Enforcement Directorate (ED), Mumbai, has provisionally attached immovable properties consisting of Hotel One Continent at King Koti Road, Sultan Bajaar, Abids, Hyderabad, to the extent of ₹43.84 crore under the provisions of Prevention of Money Laundering Act (PMLA), 2002, in loan fraud case of the Punjab and Maharashtra Cooperative…

The Hindu · Mar 17, 2024

Watch | Electoral bonds: Who were the biggest donors?

Overall, donors acquired electoral bonds worth over ₹12,155 crores during this period, with political parties encashing over ₹12,769 crores in the same duration

The Hindu · Mar 16, 2024