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The Latest Breaking News on Financial Services

High street banks lose £100bn in deposits as UK savers shift to online rivals

KPMG says higher savings rates are fuelling move to challenger banks, specialist lenders and building societies

The Guardian - UK

Bank of America Stock Slides Amid Dual Shocks Of Recession Fears And Geopolitical Threats

Shares of Bank of America Corp (NYSE:BAC) are falling Friday afternoon, caught in a broad market sell-off driven by a one-two punch of alarming U.S. economic data and an escalation in geopolitical tensions.

Benzinga

Barclays follows HSBC in exit from banking industry’s net zero alliance

US banks have already pulled out of NZBA, the UN environment programme’s finance initiative

The Guardian - UK

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Barclays becomes second UK bank to quit industry’s net zero group

The lender joins the growing trend after US banks starting leaving the Net Zero Banking Alliance ahead of Donald Trump’s inauguration.

The Independent UK

‘Shame on them’: Standard Chartered CEO decries banks that drop climate pledges

Bill Winters criticises those that have rowed back on green commitments or have gone quiet amid political pressure

The Guardian - UK

Uniqlo store's historic colonial ties uncovered by Scottish university research

A SCOTLAND-BASED lecturer who has worked with a French Uniqlo store to install an information plaque on colonialism in their building is urging…

The National (Scotland)

Smart Ways to Save Money at Museums

Want to save money at museums, art galleries, zoos and gardens? Use these tips to get free or discounted admission to national and local collections.

Kiplinger

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London Court Rules Oligarch Liable Over $1.9 Bn Ukraine Loan Scheme

The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.

International Business Times

Santander axes 2000 jobs and warns more cuts are possible

High street lender Santander UK revealed it has axed over 2,000 jobs and warned more roles may need to be cut as part of an ongoing overhaul.

The National (Scotland)

HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

International Business Times

HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth

Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget

The Guardian - UK

Major bank slashes thousands of jobs in company overhaul

Santander reported a 5 per cent decline in pre-tax profits, reaching £764 million for the first six months of 2025

The Independent UK

JPMorgan In Advanced Talks To Take Over Apple Card Program: Report

JPMorgan Chase Co (NYSE:JPM) is in late-stage negotiations to take over Apple Inc’s (NASDAQ:AAPL) credit card partnership from Goldman Sachs Group Inc (NYSE:GS), according to a Wall Street Journal report.

Benzinga

Barclays joins rival in cautioning against hiking bank taxes

The lender’s boss said raising taxes for banks and other important sectors was not consistent with the Government’s pro-growth aims.

The Independent UK

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The Guardian - UK

Nationwide building society’s members deserve real votes

Governance needs overhaul after there was no vote on Virgin Money takeover and vote on CEO’s £7m pay was only advisory

The Guardian - UK

NatWest investors given £1.5bn weeks after full privatisation

Profits rise 4.4% at lender, which plans to distribute interim dividend of 9.5p a share on top of fresh £750m buyback

The Guardian - US

‘Wells Fargo is complicit’: seven arrested at climate protests outside bank’s offices

Activists launch civil disobedience campaign in New York and San Francisco after company dropped climate vows

AAP

Bank hit with first strike as shareholders push back

Shareholders in Australia's largest investment bank have expressed their concerns over the firm's pay report, resulting in Macquarie's first-ever strike.

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news in one place.

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International Business Times

UniCredit Boosts Outlook After Walking Away From Banco BPM

Italy's UniCredit posted a sharp rise in quarterly profit on Wednesday despite lower revenues, a day after it withdrew its offer for smaller rival Banco BPM due to government interference.

Benzinga

JPMorgan Chase Shakes Up Quantum Computing Division, Recruits State Street's Rob Otter As Marco Pistoia, Charles Lim Exit

JPMorgan Chase Co. (NYSE:JPM) has revamped the leadership of its internal research group, responsible for quantum computing and other advanced technologies. The bank has appointed a former State Street Corp. (NYSE:STT) executive to lead the team.

The Independent UK

British Business Bank returns to profit amid further investments

It is the first profit the bank has delivered since 2022 after the valuation of firms it invested in were impacted by challenging economic conditions.

The Guardian - AU

Monique Ryan to bring private member’s bill to lower voting age – as it happened

This blog is now closed

Benzinga

Is The Market Missing Bank Of America's Strong Earnings Growth?

Bank of America Corp. (NYSE:BAC) kicked off earnings season with a stronger-than-expected second quarter on Wednesday, reporting net income of $7.1 billion and earnings per share of 89 cents, surpassing analyst expectations.

The Guardian - UK

Anger over Santander charging for business accounts it said would be ‘free for ever’

Exclusive: Thousands of small business owners face charges of £9.99 a month from October despite previous written guarantee

Benzinga

U.S. Bancorp Nails Q2 Profits But Stock Dips On Revenue Miss

U.S. Bancorp (NYSE:USB) edged past earnings estimates in the second quarter but fell short of revenue expectations, causing its shares to decline in Thursday’s premarket trade.

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