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The Latest Breaking News on Financial Services

JPMorgan Executive Lorna Hajdini Faces Backlash as Alleged Social Media Activity Emerges Amid SA Claims

A lawsuit in New York accuses a JPMorgan executive of sexual assault, drugging, and racial abuse, sparking a crisis for the bank. The allegations remain unproven, with JPMorgan denying the claims.

International Business Times UK

Phone bans are spreading across the US workplace

Phone bans, first popular in schools, are now spreading to workplaces across all sectors

The Independent UK

Who Is Lorna Hajdini? Inside the Explosive JPMorgan Lawsuit Alleging Sexual Assault, Drugging, and Racial Abuse

JPMorgan executive Lorna Hajdini is accused of sexual assault, drugging, and racial abuse in a New York lawsuit, with claims of company retaliation after the victim reported the misconduct.

International Business Times UK

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JPMorgan Female Exec Allegedly Turned Male Employee Into Office Sex Slave: The Lurid Details Revealed

A JPMorgan Chase executive faces serious allegations of abuse and coercion, while the bank denies wrongdoing and says claims lack supporting evidence.

International Business Times UK

Horror as Man Brings Sister's Skeletal Remains to Bank to Prove Her Death and Access Her Account

In Odisha, India, a man brought his sister's skeletal remains to a bank to prove her death and access her savings, highlighting systemic failures in rural banking and documentation.

International Business Times UK

Barclay family avoids bankruptcy after deal with HSBC over £143m debt

Bank says it has withdrawn proceedings against former Telegraph owners Aidan and Howard Barclay at high court

The Guardian - UK

Barclays is first bank to bring back sub-4% mortgage deal – but it’s not for everyone

Hundreds of sub-4 per cent products were removed from the market as swap rates shot up during the Iran war

The Independent UK

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'Bring the Account Holder': Indian Man Dug Up Dead Sister to Withdraw Money After Bank Refused Service

An Indian man carried his sister's remains to a bank after being denied withdrawal from her account, highlighting a misunderstanding of procedures and sparking viral attention.

International Business Times UK

Banks to reveal how Iran conflict has affected earnings

Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

AAP

The Bahamas Financial Pivot: From Offshore Haven to Digital Hub

IMF research has estimated that automatic exchange agreements reduced cross-border deposits in offshore centres by between sixteen and thirty-three per cent.

International Business Times

Another shadow banking hit – but otherwise, Barclays looks fine

The bank should not sound the all-clear but twin embarrassments do not mean the current credit cycle will end in tears

The Guardian - UK

Singing activists disrupt NatWest meeting over ‘climate backtracking’

AGM briefly adjourned after protesters wearing T-shirts labelled ‘No more big oil’ burst into song

The Guardian - UK

Barclays cuts back risky lending after £228m hit from UK mortgage firm MFS

Bank’s chief executive points to alleged fraud as it sets aside a further £105m for motor finance compensation

The Guardian - UK

Nationwide should give its boardroom challenger a fair run

James Sherwin-Smith’s candidacy is a test of the building society’s commitment to mutual values

The Guardian - UK

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The Guardian - UK

HSBC ‘reviewing’ private school perk for bankers in Hong Kong

Hundreds of senior staff in territory benefit from nearly £30,000-a-year grant per child not available to staff in group’s other hubs

The Guardian - UK

NatWest faces AGM showdown over ‘climate backtracking’

Shareholders including the Church of England back call for protest votes against bank’s chair

The Independent UK

Bank of England expert predicts global stock market fall and questions ‘are we prepared?’

The FTSE 100 is up more than 24 per cent across the last year – nearly six times the rate of some of the best cash returns in that time

The Guardian - AU

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view

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The Independent UK

Capital One settlement: Here’s how to get your share of the $425M

The dispute was over how Capital One handled the transition from its 360 Savings account to its 360 Performance Savings account

The Independent UK

Hope for borrowers as Skipton and Barclays cut mortgage rates

“Volatile” conditions persist in mortgage market, but cheaper loans are available to some

The Guardian - UK

Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says

Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence

AAP

Big bank takes action as Middle East crisis rolls on

National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.

The Guardian - UK

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

International Business Times

Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report

Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.

The Guardian - UK

Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs

Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire

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