Barclays is first bank to bring back sub-4% mortgage deal – but it’s not for everyone Hundreds of sub-4 per cent products were removed from the market as swap rates shot up during the Iran war The Independent UK · Apr 29
'Bring the Account Holder': Indian Man Dug Up Dead Sister to Withdraw Money After Bank Refused Service An Indian man carried his sister's remains to a bank after being denied withdrawal from her account, highlighting a misunderstanding of procedures and sparking viral attention. International Business Times UK · Apr 29
Banks to reveal how Iran conflict has affected earnings Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days. AAP · Apr 28
The Bahamas Financial Pivot: From Offshore Haven to Digital Hub IMF research has estimated that automatic exchange agreements reduced cross-border deposits in offshore centres by between sixteen and thirty-three per cent. International Business Times · Apr 28
Another shadow banking hit – but otherwise, Barclays looks fine The bank should not sound the all-clear but twin embarrassments do not mean the current credit cycle will end in tears The Guardian - UK · Apr 28
Singing activists disrupt NatWest meeting over ‘climate backtracking’ AGM briefly adjourned after protesters wearing T-shirts labelled ‘No more big oil’ burst into song The Guardian - UK · Apr 28
Barclays cuts back risky lending after £228m hit from UK mortgage firm MFS Bank’s chief executive points to alleged fraud as it sets aside a further £105m for motor finance compensation The Guardian - UK · Apr 28
Nationwide should give its boardroom challenger a fair run James Sherwin-Smith’s candidacy is a test of the building society’s commitment to mutual values The Guardian - UK · Apr 27
HSBC ‘reviewing’ private school perk for bankers in Hong Kong Hundreds of senior staff in territory benefit from nearly £30,000-a-year grant per child not available to staff in group’s other hubs The Guardian - UK · Apr 27
NatWest faces AGM showdown over ‘climate backtracking’ Shareholders including the Church of England back call for protest votes against bank’s chair The Guardian - UK · Apr 26
Bank of England expert predicts global stock market fall and questions ‘are we prepared?’ The FTSE 100 is up more than 24 per cent across the last year – nearly six times the rate of some of the best cash returns in that time The Independent UK · Apr 24
Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view The Guardian - AU · Apr 24
Capital One settlement: Here’s how to get your share of the $425M The dispute was over how Capital One handled the transition from its 360 Savings account to its 360 Performance Savings account The Independent UK · Apr 23
Hope for borrowers as Skipton and Barclays cut mortgage rates “Volatile” conditions persist in mortgage market, but cheaper loans are available to some The Independent UK · Apr 21
The Guardian - UK · Apr 20 Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence
AAP · Apr 20 Big bank takes action as Middle East crisis rolls on National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.
The Guardian - UK · Apr 19 Bank bosses called to meeting with Reeves over impact of Iran war on UK economy HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict
International Business Times · Apr 17 Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.
The Guardian - UK · Apr 16 Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire
The Independent UK · Apr 15 Boost for buyers as Santander becomes first major lender to cut mortgage rates since Iran war Mortgage experts say the reductions are a good sign, though it’s still unclear when cheaper mortgages will return
The Times of India · Apr 14 Banks in US to soon collect citizenship information, Scott Bessent says it's not unreasonable Treasury Secretary Scott Bessent said that the proposed executive order that would make it mandatory for banks to collect citizenship information is in the process. “It’s in process. And I don’t think it’s unreasonable, because: Why don’t we have information on who’s in our banking system? I have a place…
The Guardian - UK · Apr 14 Jamie Dimon says private credit defaults are not threat to major banks Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss
Latin Times · Apr 14 Treasury Chief Touts Plan to Require Proof of Citizenship to Open Accounts: 'Why Don't We Know Who's in Our Banking System?" The proposal could apply not only to new customers but to existing account holders raising the prospect of large-scale compliance requirements for financial institutions
The Independent UK · Apr 13 Nationwide named UK’s best bank The building society beat the likes of Monzo and HSBC’s first direct to top spot
International Business Times UK · Apr 9 Retired Couple Lost $10M Over Years — Until A $1,500 Check Exposed Elder Financial Abuse A routine banking alert over a $1,500 check exposed a massive $10 million fraud by a personal assistant, highlighting the importance of vigilance in financial oversight.