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The Latest Breaking News on Financial Services

New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’

Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units

The Guardian - UK

TSB mobile banking app down: thousands of users report being locked out

Thousands are without access to TSB banking this morning

Evening Standard

The Great Escape festival no longer sponsored by Barclays, after criticism of Israel links

Website for festival no longer names Barclays as a partner, following activist campaign against its sponsorship earlier this year

The Guardian - UK

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Lloyds' brand refresh is a powerful symbol of progression

It’s the banking brand’s biggest multi-channel ad campaign to date.

Creative Bloq

3 Undervalued Financial Stocks Analysts Are Eyeing

The financial sector is poised for robust growth driven by evolving demand, rapid technological innovation, and economic growth. Hence, let’s analyze currently undervalued financial stocks, such as Synchrony Financial (SYF), Hamilton Insurance Group (HG), and CNB Financial (CCNE). Read more.

StockNews.com

Bank of America Outage Had Customers Seeing Zeros

A widespread outage at Bank of America showed $0 balances for many customers.

Kiplinger

Scottish CFO Awards return to celebrate outstanding finance leaders

Leading business and financial adviser, Grant Thornton UK LLP, has again teamed up with international law firm Addleshaw Goddard, leading executive…

The National (Scotland)

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Warning over three-day delayed bank payments under new rules

A bank currenlty has until the end of the next business day to either process of refuse a payment

The Independent UK

Massive Bank of America outage — live updates on $0 account balances

Bank of America customers across the U.S. are experiencing issues when checking their balances on both the company’s app and website.

Tom’s Guide

Starling Bank is simply not fit to float

Damning report into financial crime controls revealed a shambles at the top and surely ends any dream of a flotation soon

The Guardian - UK

Starling Bank fined £29m for ‘shockingly lax’ financial crime controls

Challenger bank apologises after City regulator says lack of checks ‘left system wide open to criminals and those subject to sanctions’

The Guardian - UK

Vatican bank fires man and woman who flouted staff marriage ban

Newlyweds nicknamed ‘Romeo and Juliet’ by Italian media had both refused to resign so other could keep job

The Guardian - UK

Romance scams have surged – here are the warning signs to look out for

Be wary of love bombing and suspicious stories.

The Independent UK

Barclays delayed porting our mortgage but we still have to pay £13,000

We were in danger of our chain collapsing as it took so long over the paperwork and we had to find an alternative

The Guardian - UK

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The Guardian - UK

UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economy

The Independent UK

Competition to attract current account customers grows with £150 switching offer

The Co-operative Bank launched a new ‘switch and stay’ offer on Friday, made up of an initial £75 plus £25 per month for three months afterwards.

The Independent UK

Making education accessible for all

As Global Banking School (GBS) makes the E2E Job Creation 100 list, we look at the secrets of its success

The Guardian - AU

In their plaintive call for a return to the office, CEOs reveal how little they are needed

With most company bosses expecting a full return to the office within three years, questions are being raised about the power they wield and the salaries they command

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The Guardian - UK

Yorkshire has lowest ratio of bank branches to people in UK, says Which?

Consumer group says 6,161 branches have been shut since 2015 and there are 30 constituencies without one

The National (Scotland)

Scotland has the 'best' access to bank branches anywhere in the UK

Scotland has the 'best' access to a bank branch anywhere in the UK, according to new research released by consumer watchdog Which?

International Business Times

Citigroup's China Expansion Plans Hit After Failing To Fix Data Management, Risk Control Issues: Report

The fines have hindered the bank's ability to comply with licensing regulations in China. And, to expand its operations into China, the bank needs a clearance letter from the U.S. Federal Reserve.

The Guardian - UK

Do packaged bank accounts deliver value for money?

As banks raise fees customers pay in exchange for a range of perks, it’s time to ask: Are you are really getting your money’s worth?

AAP

'Fragile' fraudster tries to delay inevitable jail-time

Three people caught trying to cheat National Australia Bank out of $21 million want to stay out of jail for a few more months ahead of their sentencing.

AAP

Trio convicted of $21m fraud plot against NAB

Three people, including a former NAB branch senior associate, have been convicted of a multimillion dollar fraud scheme against the bank.

The Guardian - UK

JP Morgan creates new role to prevent overwork among junior bankers

Bank’s head of diversity and inclusion appointed to help tackle long hours and support staff wellbeing

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