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The Latest Breaking News on Financial Services

Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

AAP

MPs quiz bank bosses over scale of IT failures after Barclays outage

The Treasury Committee, a cross-party group formed of 11 members, wrote to banks including Barclays, HSBC, Lloyds and Nationwide on Monday.

Evening Standard

Everything we know about retired British couple found dead in France

The bodies of Andrew and Dawn Searle were found in Les Pesquiès, southwest France

The Independent UK

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Will the bonus bubbly still flow as reality bites for British banks?

Job losses, shakeups and the motor finance commission scandal will cast a shadow over lenders when they start reporting results this week

The Guardian - UK

HSBC considering boosting new CEO’s pay package to £15m

Planned overhaul would see Georges Elhedery’s salary cut, with bonuses potentially raising maximum pay by 43%

The Guardian - UK

Firms raising prices ahead of trade tariff hikes, report finds

A poll of 1,500 businesses by HSBC found 39% of are increasing prices in anticipation of higher tariffs.

The Independent UK

Evelyn de Rothschild left bank in 2004 after sexual misconduct complaint

Rothschild & Co investigated complaint against the late financier in 2003 and he left shortly afterwards

The Guardian - UK

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3 Regional Bank Stocks Positioned for Long-Term Growth

Regional banks are gearing up for long-term growth as interest rate cuts lower deposit costs and boost lending activity. With a strong financial foundation and increasing optimism in the sector, banks like BOK Financial Corp. (BOKF), Columbia Banking System (COLB), and Sierra Bancorp (BSRR) are well-positioned to thrive. Read more….

StockNews.com

Santander UK staff brace for more job losses after 38% drop in full-year profits

‘Cost efficiencies’ programme planned for UK arm rocked by car loan commission scandal

The Guardian - UK

Late financier Evelyn de Rothschild accused of abuse during banking career

Exclusive: Several women claim City grandee exploited his position to harass or sexually assault them in the 1990s

The Guardian - UK

Citigroup commits to hybrid working, bucking Wall Street trend

Managers told letting most staff continue to work up to two days from home will give bank competitive advantage

The Guardian - UK

UBS Profit Beats Forecast As Credit Suisse Merger Nears End

Switzerland's biggest bank posted a net profit of $770 million for the last three months of 2024, compared with a $279 million loss in the same period a year earlier as it wrestled with the weight of integrating its closest domestic rival.

International Business Times

Lloyds says services ‘back to normal’ after outage

Lloyds Bank and Halifax customers reported issues with payments on Monday morning, in the latest service issue to hit the sector.

Evening Standard

Big bank clips rates as RBA mulls next move

Strong retail spending figures are not expected to deter the Reserve Bank from cutting rates at its next meeting as one big bank lowers fixed-rate loans.

AAP

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The Guardian - US

JPMorgan’s $4bn delivery of gold bullion adds to fears Trump’s tariffs will reshape global trade

US bank, world’s biggest bullion dealer, says it will deliver raw material against contracts that will expire in February

The Guardian - UK

Barclays IT glitch locks customers out of accounts for almost 24 hours

Outage comes on HMRC’s deadline day for settling self-assessment tax returns and a pay day for many workers

The Guardian - UK

‘He spent thousands’: how a bank team tries to rescue scam victims

Santander’s specialist squad aims to save customers from the grips of fraudsters offering romance and more

Evening Standard

Barclays customers ‘still unable to make payments’ as mass bank outage continues

On Friday, the bank apologised to customers, saying they were ‘currently facing intermittent errors’ with their payment system.

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news in one place.

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The Independent UK

The money conversations to have while on a date or in a longer-term relationship

Are you and your partner financially compatible? Here’s how to kickstart some key conversations which could help you to find out.

AAP

Bank fee revenue rises for first time in seven years

A rebound in overseas spending and a jump in mortgage holders refinancing their home loans boosted Australian banks' fee revenue by five per cent in 2023/24.

The National (Scotland)

More than a dozen Bank of Scotland branches set to close – see full list

MORE than a dozen Bank of Scotland branches are set to close across the country as Lloyds Banking Group accelerates its plans to cut costs by moving…

The Independent UK

Lloyds Banking Group: Full list of where branches will close

The company said it will shut 136 branches across Lloyds, Halifax and Bank of Scotland by March next year.

The Guardian - UK

Lloyds Banking Group to shut another 136 UK high street branches

Lloyds, Halifax and Bank of Scotland branches to close as group accelerates shift to digital and mobile banking

The National (Scotland)

First look at £200m revamp of Lloyds banking HQ in Scotland

LLOYDS Banking Group has announced plans to transform its Port Hamilton building in Edinburgh city centre into a "state-of-the-art innovation…

Evening Standard

Barclays signed up as new lead sponsor at Lord's cricket ground

The high street lender is already title sponsor of Barclays’ Women’s Super League, banking partner of the Premier League and banking partner of Wimbledon.

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