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The Latest Breaking News on Financial Services

Stubborn UK inflation may lead to 7% interest rates, economists warn

JP Morgan says risk of ‘hard landing’ for economy heightened, with higher borrowing costs hitting business

The Guardian - UK

Natwest and RBS announce 36 branches to close - full list

Move means many communities will lose their access to high street banking

Nottingham Post

RBS shuts account of Scotland's equalities and human rights commissioner

THE bank account of a women’s rights and equalities campaigner has been shut by the Royal Bank of Scotland without explanation, her family has…

The National (Scotland)

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Banks warned over financing of Rosebank's developer

A decision on the potential approval of the controversial oil field off Shetland is expected imminently

Insider UK

Neapolitan pizzeria plan for old Nottingham city centre bank after bar scheme scrapped

A new Neapolitan-inspired pizza restaurant could be coming to Nottingham city centre, after plans for Rudy's to set up in the old Midland Bank on Victoria Street were submitted to Nottingham City Council

Nottingham Post

Seva Vikas Bank scam | Court sends BJP leader Amar Mulchandani to ED custody

According to ED, BJP leader Amar Mulchandani's ’arrest is made because of the bank fraud case in which the bank suffered a loss of ₹429 crore in 124 non-performing assets loan accounts.

The Hindu

CCTV appeal after man burst into bank and 'pointed item in bag' at terrified staff

The suspect demanded money from the till

Manchester Evening News

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Watchdog summons UK bank bosses to discuss weak savings rates

Financial Conduct Authority to meet executives on Thursday as part of its investigation into savings market

The Guardian - UK

Minister blasts closure of Nigel Farage's bank account 'on political grounds'

A HOME Office minister has said it should be “completely unacceptable” for banks to close the accounts of public figures on “political…

The National (Scotland)

Wimbledon: Emma Thompson among celebrities calling for end to Barclays sponsorship

Letter objects to bank sponsoring the tennis tournament on climate grounds

The Independent UK

Disney Signs Barclays as Wimbledon Presenting Sponsor

British celebrities criticize bank

Broadcasting & Cable

First Direct SCRAPS fees for oversea spending and cash withdrawals for debit card holders

From June 28 First Direct stop changing customers a non-sterling transaction fee as well as a non sterling cash fee so is now offering a "near perfect exchange rate".

Daily Mirror

Residents to face 60-mile round trip to nearest bank branch

South Ayrshire residents face a 60-mile round trip to their nearest bank after branches leave the area "one by one".

The National (Scotland)

HSBC service issue saw customers unable to withdraw cash or pay with card

The major UK bank said in a tweet that "some customers" were experiencing issues although it is unclear exactly how many people are being affected.

Daily Mirror

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Daily Record

'Major blow' for retail and residents as bank to close Ayrshire branch

Councillors unite over Cllr Alec Clark's call to put pressure on the Bank of Scotland which announced plans to close the branch in February 2024.

Daily Mirror

Emma Thompson joins celebs fuming at Wimbledon change after switch-up this year

Emma Thompson has signed a letter to the CEO of Wimbledon objecting to one of its sponsors ahead of the tennis tournament kicking off in South West London today

Daily Record

Urgent warning as free £200 switching offer to bank customers ends tonight

Savvy customers could nab £200 if they hurry - HSBC's switching offer ends at midnight today.

The Hindu

Delhi HC dismisses PIL against withdrawal of ₹2,000 notes

The Delhi High Court on July 3 dismissed a public interest litigation (PIL) challenging the Reserve Bank of India (RBI’s) decision to withdraw ₹2000 denomination currency notes from circulation.

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news in one place.

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The Guardian - UK

MPs launch inquiry into challenges small firms face when seeking finance

As borrowing costs soar, committee will look at regulation of small business lending as part of process

Daily Mirror

Urgent warning as bank customers have just hours left to claim £200 - how to apply

People have just hours to capitalise on a bank hack which will see you £200 of free money, or other perks, with a quick and easy trick

Insider UK

Scottish business confidence shoots up in June

Scotland reported the second highest confidence reading across all the UK's nations and regions this month

Birmingham Post

Business confidence in the South West remains high according to latest Lloyds research

According to the latest business barometer business confidence fell one point in June to 29%

Bangkok Post

Thai banks top Asean bad debt rankings

Thailand's top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco).

The National (Scotland)

Nigel Farage says he cannot open UK bank account due to prejudice against him

NIGEL Farage has said he has been left unable to open a UK bank account because of his political opinions.

The Independent UK

NS&I exceeded its financing target following US banking sector uncertainty

NS&I, which is backed by the Treasury, said it unexpectedly received a number of high-value deposits at the very end of the financial year.

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