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The Latest Breaking News on Financial Services

NS&I to contact bereaved families owed £367m after missing savings scandal

The bank’s interim chief executive says ‘this issue should never have happened’, but warns it may take time to process claims

The Guardian - UK · May 19

Monzo profits surge as digital bank thrives with lending and subscriptions services

The bank, which was launched 11 years ago as a challenger to high street banking, said millions more customers joined in the past year

The Independent UK · May 19

Halifax could disappear from UK high streets as Lloyds assesses branding strategy

Bank founded 174 years ago could be phased out from as early as 1 July as part of group’s review

The Guardian - UK · May 18

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Halifax axed as banking giant set to disappear from UK high streets

A phased closure of Halifax branches could begin as early as this summer, according to reports

Evening Standard · May 18

Halifax could vanish from high streets after 173 years as Lloyds considers major shake-up

Bosses are reportedly expected to announce the end of the brand this summer

The Independent UK · May 18

Bank plunge could spell end of an era for ASX investors

Big retail banks have driven returns on the ASX for years, but global asset manager VanEck believes they are overpriced and mid-caps offer better opportunities.

AAP · May 15

Nationwide launches new banking app feature to hide abusive payment references

The move is aimed at safeguarding survivors

The Independent UK · May 13

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If you used a Bank of America card at a 7-Eleven ATM, you are eligible to receive money after settlement

The disputed fees were charged at FCTI-owned 7-Eleven ATMs between May 1, 2018, and November 16, 2021

The Independent UK · May 13

CBA shares suffer biggest drop ever after earnings miss

Australia's largest bank turned a smaller-than-expected quarterly profit of $2.7 billion because it set aside more cash to protect from loans that go bad.

AAP · May 12

JP Morgan could scrap £3bn London HQ if Starmer is replaced by PM ‘hostile to banks’

Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lenders

The Guardian - UK · May 12

UK households cut back spending at fastest rate in 16 months, Barclays says

Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war fallout

The Guardian - UK · May 11

Advisers urge JP Morgan investors to vote to split chair and CEO positions

SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles

The Guardian - UK · May 10

Revealed: The five high street banks with the most customer complaints

In total banks paid out £236.2m to complainants, with the average pay-out totalling £215

The Independent UK · May 7

'Come in person': How a bank gave Pope Leo a reality check

Leo identified himself as Robert Prevost. The bank employee asked the required security questions, listened to him, and then delivered the verdict familiar to anyone who has ever dealt with institutional procedure: he would have to come in personally.

The Times of India · May 7

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International Business Times · May 6

Global Watchdog Flags Risks In $2T Private Credit Market As Lending Links Deepen Across Finance Sector

A major global financial watchdog has called for stronger regulatory scrutiny of the rapidly expanding private credit sector, warning of increased vulnerabilities across global markets.

The Times of India · May 6

JPMorgan offered $1 million, Chirayu Rana demanded $20 million in sexual harassment lawsuit against Lorna Hajdini: Report

A high-stakes legal battle involving JPMorgan and a sex scandal has taken a fresh turn, with new details revealing a huge gap between settlements sought and offered before a controversial sexual harassment lawsuit became public.

The Guardian - UK · May 5

Reinstate windfall tax on banks after surge in profits, TUC urges

Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter

The Guardian - AU · May 5

Man arrested over alleged offensive shirt outside royal commission venue – as it happened

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International Business Times UK · May 5

FBI Warns Of Bank Call Scam Draining Savings In Minutes — How Fraudsters Trick Victims

Authorities in the US warn of a surge in banking spoof scams, where criminals impersonate bank staff to steal money. Victims are urged to verify requests and contact banks directly.

Evening Standard · May 5

HSBC profits worse than forecast after jump in bad debt provisions

The UK lender reported first-quarter pre-tax profits of £9.4 billion US dollars (£6.96 billion), down from 9.5 billion (£7 billion) a year earlier.

The Guardian - UK · May 5

HSBC profits fall amid $400m fraud-related charge and Iran war

London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict

International Business Times UK · May 5

4 Photos of Chirayu Rana's Parents After Former JPMorgan Banker Accused of Faking Dad's Death to Take Months Off

Chirayu Rana, an ex-JPMorgan employee, allegedly faked his father's death for bereavement leave, sparking controversy alongside a lawsuit against a JPMorgan executive for misconduct.

AAP · May 4

Big bank warns of recession risk as uncertainty lingers

The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.

The Times of India · May 4

Chirayu Rana took leave for dad's death in 2024 but his father is alive; says he doesn't know anything about JP Morgan row

Chirayu Rana's father Chaitanya Rana has reacted to the row over his son and told New York Post that he was not aware of the sexual abuse case that Chirayu brought against JPMorgan executive Lorna Hajdini. But more interestingly, the Post found out that Chirayu claimed in mid-December 2024 that…

AAP · May 3

Most Aussies ready to withstand another rate hike: NAB

The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.

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