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The Latest Breaking News on Financial Services

Boost for buyers as Santander becomes first major lender to cut mortgage rates since Iran war

Mortgage experts say the reductions are a good sign, though it’s still unclear when cheaper mortgages will return

The Independent UK

Banks in US to soon collect citizenship information, Scott Bessent says it's not unreasonable

Treasury Secretary Scott Bessent said that the proposed executive order that would make it mandatory for banks to collect citizenship information is in the process. “It’s in process. And I don’t think it’s unreasonable, because: Why don’t we have information on who’s in our banking system? I have a place…

The Times of India

Jamie Dimon says private credit defaults are not threat to major banks

Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss

The Guardian - UK

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Treasury Chief Touts Plan to Require Proof of Citizenship to Open Accounts: 'Why Don't We Know Who's in Our Banking System?"

The proposal could apply not only to new customers but to existing account holders raising the prospect of large-scale compliance requirements for financial institutions

Latin Times

Nationwide named UK’s best bank

The building society beat the likes of Monzo and HSBC’s first direct to top spot

The Independent UK

Retired Couple Lost $10M Over Years — Until A $1,500 Check Exposed Elder Financial Abuse

A routine banking alert over a $1,500 check exposed a massive $10 million fraud by a personal assistant, highlighting the importance of vigilance in financial oversight.

International Business Times UK

Beware the 'urgent' email at the end of the working day

Australian businesses, large and small, are losing millions to email scams each year, reinforcing the need to ensure staff can spot red flags.

AAP

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Spain Arrests Suspected Tren de Aragua Fugitive Wanted by U.S. Over ATM Hacking Scheme

The arrest was carried out by a joint task force within the National Police created specifically to combat Tren de Aragua

Latin Times

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

The Guardian - UK

Reta Jo Lewis: The Art of Leading in a World that Refuses to Slow Down

With a 30-year career, Lewis has undertaken senior roles in diplomacy and trade across three presidential administrations, along with leading the Export-Import (EXIM) Bank of the United States at a moment when global competition sharpened and supply chains became strategic.

International Business Times

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel Reeves

The Guardian - UK

Jamie Dimon's Annual Letter To Shareholders Warns Geopolitical Risks Could Herald Investor Caution

JPMorgan Chase reports record revenue and net income, rewarding shareholders with increased dividends, while CEO Dimon underscores the importance of disciplined growth and technological investment.

International Business Times

Jamie Dimon says US should strengthen allies economically, in veiled criticism of Trump

JP Morgan boss warns of risks of higher inflation and interest rates due to Iran war in annual letter to shareholders

The Guardian - UK

French central bank nets €13bn by pulling gold out of US reserves

France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly €13 billion as it upgrades its holdings.

Radio France Internationale

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news in one place.

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Radio France Internationale

France charges four over failed attack on US bank

French authorities charged Wednesday a young man and three minors in connection with an attempted attack against a Bank of America branch in Paris, as investigators explored suspicions a pro-Iran group was involved.

The Independent UK

French prosecutors seek detention for 4 suspects in foiled Paris Bank of America bomb plot

French prosecutors have placed four suspects under investigation after police stopped a suspected bomb attack outside a Bank of America building in Paris, with possible links to Iran

The Independent UK

Monzo to shut down US operations in ‘deliberate’ and ‘strategic’ move

The decision to leave the US will result in about 50 job losses

Axios

"The Axios Show": Jamie Dimon defends Iran war as overdue

"They've been killing people around the world for 45-plus years."

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The Guardian - AU

Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off?

The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say

The Guardian - UK

I nearly lost my new home because of a NatWest banking error

I transferred money to my current account for exchange of contracts, but the bank refused access to the funds

The Guardian - UK

How many sweeteners does JP Morgan need to build an office in Canary Wharf?

US bank will get deal it doesn’t really need as it would be far too embarrassing for Treasury to see investment sail away

The Times of India

'Put the matter behind...': Bank of America agrees to pay $72.5 million to Epstein victims after years of legal battle

Bank of America has agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of enabling sexual abuse and sex trafficking linked to convicted pedophile Jeffrey Epstein. The settlement was disclosed in court filings on Friday and still requires approval from a federal…

The Guardian - UK

Lloyds bank faces £66m court battle with car loan customers

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them

The Guardian - UK

Almost half a million Lloyds customers had personal data exposed in IT glitch

Letter from group published by MPs blames 12 March glitch on software update to its mobile banking apps

The Guardian - UK

NS&I boss forced out as bank faces £470m payout over missing savings

Pensions minister promises the ‘full truth’ as external advisers are hired to identify the scale of the errors

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