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The Latest Breaking News on Financial Services

Bank of England will monitor cash acceptance on ongoing basis

Dame Meg Hillier, chairwoman of the Treasury Committee, described the development as a ‘positive first step’.

The Independent UK

HSBC becomes first UK bank to quit industry’s net zero alliance

Campaigners condemn ‘troubling’ move that follows departure of six of largest US banks after Trump’s election

The Guardian - UK

Wages at top bank's Glasgow HQ 'closer to India than America'

THE wages of workers at a major bank’s Glasgow base are reportedly closer to those it pays in India than in America.

The National (Scotland)

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Barclays launch new sub-4% mortgage to compete with best rates on market

Several lenders are now offering deals with interest rates below 4% - but you need to meet certain criteria

The Independent UK

How To Earn $500 A Month From JPMorgan Stock Ahead Of Q2 Earnings

As JPMorgan Chase Co. (NYSE:JPM) prepares to unveil its second-quarter earnings on July 15, the financial world is bracing for a significant shift that reflects broader economic trends. Over the past year, rising interest rates and inflationary pressures have squeezed borrowers and heightened market volatility, factors that are expected to…

Benzinga

Is Your Local Bank Closing? Why Branches Are Disappearing Nationwide

Major banks are closing branches across the U.S. Discover what's behind the trend and how it could affect your access to in-person banking.

Kiplinger

John Lewis beats M&S and Ocado to be top of the shops for customer satisfaction

Waitrose and Greggs saw customer satisfaction levels fall significantly

The Independent UK

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UK workforce exposed if global trade war intensifies, Bank warns

Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them if conditions worsen.

The Independent UK

Major bank fined £21m after allowing customers to register from Buckingham Palace and Downing Street

The FCA said Monzo’s financial fraud systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in recent years.

The Independent UK

Monzo fined £21m after customers used No 10 and Buckingham Palace as addresses

FCA finds digital bank failed to employ adequate controls when signing up new clients

The Guardian - UK

Afternoon Update: RBA’s surprise decision; how world reported mushroom verdict; and Valerie the dachshund’s new job

The decision came as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting

The Guardian - AU

Business confidence in Scotland at highest level in eight months

BUSINESS confidence has risen to its highest level in eight months, according to a Royal Bank of Scotland (RBS) survey ...

The National (Scotland)

U.S. Bancorp To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Benzinga

Buy now, pay later loans will now affect US credit scores – what does that mean for consumers?

The change has some users of BNPL loans worried, but financial experts say the move could benefit borrowers

The Guardian - US

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The Guardian - UK

Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

Evening Standard

Santander's TSB takeover: What it means for your account

Santander's acquisition of TSB for £2.9 billion could reshape UK banking, affecting 5 million account holders. Here's what it might mean

Newslaundry

After SC verdict, why were over 8,000 electoral bonds still printed?

In February 2024, the Ministry of Finance ordered the State Bank of India to stop the printing of electoral bonds. This was 12 days after the Supreme Court declared the scheme unconstitutional.

Benzinga

HSBC Lifts Gold Forecast, Sees A Volatile Path Ahead

HSBC has raised its average gold price forecast for 2025 to $3,215 an ounce, up from $3,015, citing "elevated geopolitical risks, economic uncertainty, and rising government debt." The bank also increased its 2026 estimate to $3,125 an ounce from $2,915, while projecting a turbulent path ahead.

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news in one place.

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Latin Times

Michigan Bank Robber Coaxed Out of Standoff With Soda Dangling From Drone Before Police Shot Him

A Michigan bank robbery suspect was fatally shot by police after being lured to a window with a Faygo Red Pop delivered by drone.

AAP

Big bank shifts rate cut tip as retail sales disappoint

A slow start to the year for consumers continues, with weaker-than-expected retail sales a sign of "scarring" from a spike in inflation.

International Business Times

IMF Urges Swiss To Strengthen Bank Resilience

The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the flaws exposed by the collapse of Credit Suisse.

International Business Times

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.

Benzinga

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.

Evening Standard

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

The Independent UK

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

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