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The Latest Breaking News on Financial Services

My debit card and pin were stolen but Barclays is treating me as the criminal

It had sent me new ones but before they arrived £1,000 disappeared from my account

The Guardian - UK

Banks' endless battles with scammers

One of New Zealand's biggest banks shows Sharon Brettkelly how they respond to the ever-changing and increasing threat of scammers.

Newsroom.co.nz

Scotland has one of the highest rates of ‘unbanked’ people

MORE than a million adults across the UK do not have access to a bank account, with the highest proportion in the south of Scotland, figures show.

The National (Scotland)

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NatWest chair quitting over Coutts row would not be ‘helpful’, says City minister

Andrew Griffith backs Sir Howard Davies staying in post after resignations of chief executive and head of private banking arm

The Guardian - UK

Bank account closures don't just affect 'politically exposed persons' – sex workers have struggled with financial exclusion for years

The fallout over the closure of Nigel Farage’s bank account has shed light on how financial institutions handle “politically exposed persons”, whom they may view as high-risk clients.

The Conversation

3 Quality Financial Service Stocks to Buy TODAY

Digitalization is poised to transform every niche of the financial services industry, providing numerous growth opportunities to the industry players. Moreover, financial institutions usually benefit in a rising interest rate environment. Hence, it could be wise to buy quality financial services stocks Everi Holdings (EVRI), Medallion Financial (MFIN), and Manhattan…

StockNews.com

Political storm left NatWest chief Dame Alison Rose with no choice but to go, says chairman

NatWest capped a turbulent week with a £1 billion surge in profits

Evening Standard

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The head that should really roll at NatWest for the Farage scandal

City Voices: Howard Davies must go immediately, and frankly, the rest of his fellow, seemingly makeweight directors with him.

Evening Standard

NatWest chair vows to stay on to provide ‘stability’ after Farage controversy

Sir Howard Davies planning ‘orderly transition’ as bank hires lawyers to investigate account closures

The Guardian - UK

NatWest chairman says ‘political reaction’ led to Alison Rose’s departure

Chairman Sir Howard Davies insisted it is important for the stability of the bank that he remains on the board.

The Independent UK

Sir Howard pledges to stay at NatWest despite Nigel Farage scandal

Profits soar by £1bn -- top law firm to probe Farage affair

Evening Standard

The NatWest head that should really roll for the Farage banking farrago

City Voices: Howard Davies must go immediately, and frankly, the rest of his fellow, seemingly makeweight directors with him.

Evening Standard

NatWest to pay UK government £190m as Farage crisis rocks bank

Crisis-hit group plans to pay dividends worth £500m to investors after quarterly profits rise by 27%

The Guardian - UK

NatWest chair defies calls to quit and blames ‘political pressure’ for CEO ousting

Top bosses to face scrutiny from shareholders after turmoil hits bank’s value

The Independent UK

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The Guardian - UK

NatWest chair Howard Davies says Alison Rose was a ‘great leader’ amid Farage row; company insolvencies jump – business live

Davies says NatWest has lost a ‘great leader’, following departure of Alison Rose this week, but must now look forward

The Guardian - AU

Australians pull back on retail spending as case for holding interest rate grows

Sales turnover across most categories dips amid cost-of-living pressures ahead of RBA decision on cash rate next week

The Independent UK

Senior NatWest bosses set to face scrutiny from shareholders over Nigel Farage bank account row

Bank will follow rivals in unveiling half-year financial results on Friday

Zenger

US Regulators Propose Significant Capital Increase For Big Banks To Safeguard Against Future Crises

Financial stocks slump as watchdogs eye one of the biggest overhauls of how lenders are regulated since the 2008 financial crisis.

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news in one place.

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The Independent UK

Citigroup says some predecessor companies likely saw indirect financial benefits from slavery

Some of the companies that formed what is now Citigroup likely benefitted financially from slavery in the 1800’s, the financial giant acknowledged Thursday, an admission that comes at a time when numerous institutions are re-examining their historic roots and the roles they played in slavery in the U.S. In research…

Reason

UK Banks Commit to "the Principle of Non-Discrimination Based on Lawful Freedom of Expression" as to Clients

From The Independent (UK): Economic secretary Andrew Griffith told the bosses of some of the UK's biggest banks on Wednesday that it is important to protect freedom of expression…. It came after former politician Nigel Farage's bank account with Coutts—a bank for the ultra wealthy—was closed. The account was shut…

The Guardian - UK

Coutts chief quits and crisis wipes £1bn off NatWest shares

Ousting of private bank’s chief may not be final departure as future of NatWest Group chairman looks uncertain

The Guardian - UK

Muslim leaders decry ‘double standard’ of Farage bank account closure furore

Longstanding issue for community given little attention compared with closure of ex-Ukip leader’s Coutts account, says mosque chair

StockNews.com

Top 4 Bank Stocks Investors Should Watch Like a Hawk

After a turbulent few months, the banking sector seems to have stabilized lately, as the big banks reported better-than-expected results in the second quarter. However, risks of potential defaults and slowing loan growth could impact the industry in the upcoming months. I think bank stocks JPMorgan Chase (JPM), Bank of…

Evening Standard

Homeowners hope mortgage rates have peaked as Nationwide becomes biggest lender yet to cut prices

Nationwide joins HSBC and Barclays among top lenders in lowering its rates

The Guardian - UK

Rishi Sunak refuses to back NatWest chair over Farage controversy

PM fails to voice support for Sir Howard Davies after resignation of bank’s chief executive, Alison Rose

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