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The Latest Breaking News on Financial Services

ADB Acting On US Concerns Over China, Bank Chief Tells AFP

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy.

International Business Times

Barclays Faces Epstein Fallout As Former CEO Faces Trial

Barclays (NYSE:BCS) and its former CEO Jes Staley will have to defend themselves in a U.S. court over accusations that they misled shareholders about Staley's relationship with the late financier Jeffrey Epstein.

Benzinga

Pro-Palestine campaigners stage protest outside Wimbledon tennis championships over Barclays sponsorship

Palestine Solidarity Campaign (PSC) protesters target opening of the championships at the All England Club

Evening Standard

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Major UK bank will now pay you £185 to switch to them

Banks and building societies can pay you to move to them but be sure to check the product suits your needs

The Independent UK

Zopa launches current account with cashback and 7.1% on savings

Digital bank hopes to tempt switchers with package including in-credit interest and fee-free travel spending

The Guardian - UK

Jamie Dimon Says CEOs Should Study Athletes Like Serena Williams, Tom Brady And Stephen Curry — 'Look How They Train To Be That Good'

"Look how they train to be that good," JPMorgan Chase Co. (NYSE:JPM) CEO Jamie Dimon told The Economist last month, arguing that CEOs should mirror the discipline of Serena Williams, and Stephen Curry.

Benzinga

Ex-Barclays boss Staley loses bid to overturn UK ban over Epstein ties

Former CEO of Barclays Bank Jes Staley has lost his legal challenge against a U.K. financial regulator's decision to ban him from senior financial roles

The Independent UK

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Ex-Barclays chief loses bid to overturn ban over Epstein ties

Mr Staley told the tribunal that while he had a close professional relationship with Epstein, it was not a close personal friendship

The Independent UK

British Business Bank back in the spotlight with £10bn UK growth mandate

Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiry

The Guardian - UK

Local shares flat as Commonwealth Bank hits record high

Commonwealth Bank shares have broken $190 for the first time but weakness in the mining sector has kept the bourse overall little changed.

AAP

'Big Short' Investor Eisman Warns JPMorgan, Wells Fargo Domination Squeezes Regional Banks

Steve Eisman, the investor widely known for his role in shorting the subprime mortgage market before the 2008 financial crisis, says the U.S. banking landscape is increasingly consolidating into the hands of a few large banks.

Benzinga

Zopa enters current account market offering cashback and 7.10% savings interest

The new account, called Biscuit, offers 2% interest on balances and 2% cashback on bills, plus 7.10% interest on regular savings.

The Independent UK

British Business Bank invests in entrepreneurs in £6.6bn funding commitment

The UK Government’s development bank has revealed the investment plans as part of Sir Keir Starmer’s 10-year industrial strategy announcement.

Evening Standard

Goldman Sachs warns Brent crude could hit $100 per barrel if strait of Hormuz is disrupted; oil dips as Trump demands lower prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Guardian - UK

Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – as it happened

UK central bank split 6-3 on interest rate decision, and warns that escalating Middle East conflict is pushing up energy prices

The Independent UK

Redemption Bank becomes the first Black-owned bank in the Rockies

Redemption Holding Company has just acquired the Utah-based Holladay Bank & Trust, becoming the first bank to be owned by a Black-led investment group in the Western U.S. This comes two years after their initial announcement, in which the purchase was delayed due to the collapse of Silicon Valley Bank

The Guardian - UK

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

The Guardian - US

World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds

Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises

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The Guardian - UK

Metro Bank sobers up and attracts a suitor

A lift in share price shows the market expects a deal, but Metro v 2.0 doesn’t need to jump at a takeover at any price

The Guardian - UK

Metro Bank shares surge on talk of private equity takeover

Potential uncertainty for customers and staff as Shawbrook owner Pollen Street Capital sounds out bank’s bosses

The Independent UK

Glasgow-raised Nationwide and Greggs bosses among businesswomen honoured

Debbie Crosbie, the only woman to lead a ‘big six’ bank in the UK, has been given a damehood for her services to financial services.

Reason

Sealing, COVID, and the Fed (Well, the Minneapolis Branch)

From Judge Eric Tostrud (D. Minn.) last week in Maki v. Fed. Reserve Bank of Minneapolis: On May 21, 2025,… The post Sealing, COVID, and the Fed (Well, the Minneapolis Branch) appeared first on Reason.com.

The Guardian - UK

P&O Ferries hires tiny four-person accounting firm to replace KPMG

Move raises questions over governance of ferry company and ‘auditor independence’ of accounting firm

The Guardian - UK

Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

Anonymous messages questioned judgment of senior managers in dealing with Greensill, says Swiss regulator

The Guardian - UK

Britons ‘hoarding cash amid economic uncertainty and fear of outages’

Households seeking safety net in time of global volatility, according to Bank of England’s chief cashier

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