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The Latest Breaking News on Financial Services

Aussie shares soar to three-month highs as miners fly

A banking rally has sent Australian shares to three-month highs, while the Australian dollar hit its own milestone by reaching its highest value in three years.

AAP

'Stonking result': big bank basks in best day for years

Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".

AAP

London cowboy builder who fleeced victims out of over £100,000 jailed

Aaron Lee Taylor left his victims thousands out of pocket and sometimes with uninhabitable and unsafe homes

Evening Standard

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Barclays CEO ‘shocked’ by Epstein revelations as bank deals with Staley fallout

CS Venkatakrishnan dismayed by ‘depravity and corruption’ revealed in Epstein files as he announces profits

The Guardian - UK

Barclays boss rewarded with £15 million pay package as bank delivers bumper profit

High street lender sees pre-tax profits rise by 13% to £9.1 billion in 2025

Evening Standard

FTSE 100 Live 10 February: Barclays boss gets £15m pay packet, BP halts buybacks

BP today halted share buybacks and reported a big fall in profits during a weaker session for the FTSE 100 index.

Evening Standard

Furious JP Morgan staff push back at CEO Jamie Dimon’s 5-day office return edict

About 2,000 employees have signed a petition asking for the return-to-office mandate be dropped

The Independent UK

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Bank chairs backtracking on climate commitments could face shareholder revolts

Exclusive: Campaign group calls on institutional shareholders to vote against re-election of bosses overseeing net zero row-back

The Guardian - UK

Monzo wrongly denied refunds to thousands of fraud and scam victims

Ombudsman found bank wrongly rejected 34% of complaints last year, with NatWest and HSBC close behind

The Guardian - UK

Judge warns Nirav Modi of ‘abuse of court process’ as he dismisses eleventh hour applications ahead of Bank of India trial

Fugitive diamond merchant Nirav Modi's bid to delay his trial against the Bank of India in London has been rejected. The court refused to adjourn the $8 million loan case, citing a pattern of delay. Modi, appearing from prison, also failed to amend his defence at the last minute, with…

The Times of India

Australian banks passed interest rate hikes on to mortgage holders – so why haven’t they done so for savings accounts?

There’s an obvious reason for the delay. But the banks still need to compete on savings rates to finance their operations

The Guardian - AU

Santander takes fresh swipe at City watchdog as its car loan scandal bill tops £460m

UK arm brands FCA’s compensation scheme ‘overreach’ as Spanish owner signs surprise $12bn takeover of Webster Bank in US

The Guardian - UK

A whiff of familiarity in Mandelson’s 2009 collusion with the banks

For Labour veterans of the financial crisis the Epstein files revealed a betrayal – but 16 years on, is the City calling the shots?

The Guardian - UK

Santander to cut costs further as profits rise despite another motor finance hit

The Spanish-owned lending giant reported a 14% rise in pre-tax profits to £1.51 billion for 2025.

Evening Standard

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Motorsport

Williams lands major deal with British bank as Santander drops off team partner list

Williams Racing has announced Barclays as its official banking partner for the 2026 F1 season

AAP

Female head for corporate watchdog in milestone move

Jim Chalmers says the next head of Australia's financial watchdog, Sarah Court, is an experienced litigator and leader and will make a positive impact.

The Guardian - UK

Santander to close further 44 branches as it gears up for £2.6bn takeover of TSB

Closure of one in eight sites puts almost 300 branch-based workers’ jobs at risk

Evening Standard

FTSE 100 Live 29 January: Lloyds results cheer, easyJet and Saga shares advance

The FTSE 100 index today traded higher in a session when the price of gold extended its rally to near $5600 an ounce.

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The Independent UK

Al Habtoor Group exits Lebanon and lays off employees after dispute with authorities

Al Habtoor Group, based in the United Arab Emirates, is closing its operations in Lebanon and laying off all employees

The Independent UK

Top bank sees new wave of store closures across 13 states

The major bank is planning to drastically reduce its retail footprint and will axe up to 10 percent of its stores

Motorsport

F1 announces new partnership with Standard Chartered as support expands to F1 Academy

Formula 1 and F1 Academy have signed a multi-year partnership with Standard Chartered, making the bank an official F1 partner and supporting the development of female talent through F1 Academy

The Times of India

Saudi Central Bank releases bank holiday schedule through 2029

The Saudi Central Bank has released a 2026-2029 holiday schedule for financial institutions, aiming to enhance market transparency and operational continuity. This long-term plan provides advance notice for major religious observances like Eid Al Fitr and Eid Al Adha, alongside fixed national holidays, enabling better financial planning for businesses and…

The Guardian - UK

Bank of Scotland fined £160,000 over account for sanctioned Putin ally

Dmitrii Ovsiannikov, who had held senior roles in Russian government, used a variant spelling of his name to access UK banking system

The Independent UK

Lloyds set to see annual profits rise despite motor finance hit

Most analysts expect the lender to deliver a 7% rise in pre-tax profits for the year, with the City pencilling in £6.38 billion.

The Independent UK

Make this your first step in getting out of credit card debt

‘Looking at our credit card statement, learning how much we owe, and creating a repayment plan actually reduces anxiety because we are taking steps to address the issue,’ one expert said

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