The Latest Breaking News on Financial Services

Crisis-hit group plans to pay dividends worth £500m to investors after quarterly profits rise by 27%

Top bosses to face scrutiny from shareholders after turmoil hits bank’s value

Some of the companies that formed what is now Citigroup likely benefitted financially from slavery in the 1800’s, the financial giant acknowledged Thursday, an admission that comes at a time when numerous institutions are re-examining their historic roots and the roles they played in slavery in the U.S. In research…

From The Independent (UK): Economic secretary Andrew Griffith told the bosses of some of the UK's biggest banks on Wednesday that it is important to protect freedom of expression…. It came after former politician Nigel Farage's bank account with Coutts—a bank for the ultra wealthy—was closed. The account was shut…

Ousting of private bank’s chief may not be final departure as future of NatWest Group chairman looks uncertain

Longstanding issue for community given little attention compared with closure of ex-Ukip leader’s Coutts account, says mosque chair

After a turbulent few months, the banking sector seems to have stabilized lately, as the big banks reported better-than-expected results in the second quarter. However, risks of potential defaults and slowing loan growth could impact the industry in the upcoming months. I think bank stocks JPMorgan Chase (JPM), Bank of…

Nationwide joins HSBC and Barclays among top lenders in lowering its rates

PM fails to voice support for Sir Howard Davies after resignation of bank’s chief executive, Alison Rose