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SHOCKING: 12 - You Need To See This

Bank of America faces lawsuit from employees for not paying them during pre-shift computer tasks

Logging in and setting up digital workstations could take employees up to 30 minutes — or longer in the event of technical issues — and it was all uncompensated, according to the lawsuit

The Independent UK

Instacart Is Winning More Shoppers By Staying Affordable, Analysts Say

Maplebear Inc. (NASDAQ:CART), operating as Instacart, delivered stronger-than-expected third-quarter results and raised its fourth-quarter outlook, signaling resilient demand despite intensifying competition in grocery delivery.

Benzinga

BMO Stock Surge: Why Big Investors Are Doubling Down on Canada's Oldest Bank

Institutional investors and hedge funds are boosting their positions in BMO, reflecting confidence in its growth and stability amid strong financial performance and strategic acquisitions.

International Business Times UK

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Major bank launches new £200 switch offer – but you could get more than £500

Santander’s offer is the biggest on the market once bonuses are counted

The Independent UK

Metro Bank’s credit file markers are adding to the pain of our son’s death

Bank refuses to remove late payment markers after we were twice late repaying our mortgage in last months of his life

The Guardian - UK

Bank of America sued over not paying workers for PC boot up time in proposed class action lawsuit

Bank of America is facing a proposed class and collective action lawsuit that accuses the company of failing to pay hundreds of hourly workers for time spent booting their computers.

Tom’s Hardware

UK banks still committed to climate goals, Bank of England executive insists

Exclusive: David Bailey plays down concerns after HSBC and Barclays quit UN-backed Net Zero Banking Alliance

The Guardian - UK

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Boost for savers as refreshed British Savings Bonds go on sale with higher rates

NS&I has hiked rates on its new issues of one, two, three and five-year versions of the bonds.

The Independent UK

Jamie Dimon Refuses To Join Big Tech Donors Like Google, Apple, Amazon Funding Trump's $300 Million White House Ballroom: 'We Have An Issue...'

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has made it clear that his bank will not contribute to the Donald Trump administration's $300 million White House ballroom project — even as some of the biggest names in tech and business open their checkbooks.

Benzinga

Banks poised to escape tax rises in Rachel Reeves’s budget

UK bank shares rise after reports, with chancellor wanting sector to remain competitive to help economic growth

The Guardian - UK

Loan defaults bad for business as NAB profit takes hit

Business lending is growing for NAB but so is the level of bad debt from that customer segment, pumping the brakes on profits at the big four bank.

AAP

Nearly 60% Of Small Business Owners Favor Local Community-Focused Lenders Over Big Banks, New Research Shows

Many small-business owners are putting their trust in neighborhood banks rather than big national lenders, according to new research by Academy Bank. The study of 222 U.S. small-business owners found that 58.9% got their most recent business loan from a community or regional bank, compared with 31.5% who secured it…

Benzinga

Liberal party sets date for net zero decision – as it happened

This blog is now closed

The Guardian - AU

Buy Now Pay Later Can Torpedo Mortgage Chances

Buy Now, Pay Later (BNPL) services, such as Affirm Holdings Inc. (NASDAQ:AFRM), Klarna Group PLC (NYSE:KLAR), Afterpay and PayPal Holdings Inc. (NASDAQ:PYPL) Pay Later, have become a common way to split everyday purchases into short installments. However, mortgage experts say that seemingly small debts can create headaches during underwriting, especially…

Benzinga

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AAP

'Cloud' lingers in DNA contest over notorious murder

An ongoing challenge to DNA evidence in one of Australia's most infamous murders needs to be resolved for the sake of the victim's family, a judge says.

The Guardian - UK

UK to launch pilot scheme that helps homeless people access banking

Five biggest banks take part in programme that will also help domestic abuse victims recover their credit score

The Guardian - AU

Commonwealth Bank, Temu and HCF among those named at this year’s Shonky awards

Choice’s annual list also includes the entire energy retail sector for allegedly hoodwinking customers with confusing prices

The Guardian - AU

Afternoon Update: RBA keeps cash rate on hold; female jockey’s Melbourne Cup win; and the forgotten republic of Transnistria

Reserve Bank governor Michele Bullock says unexpected jumps in employment and inflation made the board ‘a little bit cautious’

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The Guardian - UK

City watchdog ‘nakedly’ siding with lenders on car finance redress, MPs say

Cross-party group says Financial Conduct Authority had been ‘patently influenced’ by concerns over profits

Evening Standard

‘Shadow banking’ could lead us into an apocalypse like 2008

Alarm bells are ringing about the private credit market and ‘cockroaches’ in the system — the time to act is now, says Chris Blackhurst

The Guardian - UK

Andrew hoped to meet Jeffrey Epstein after his prison release, emails reveal

Publication of 2010 correspondence comes two days after Mountbatten Windsor was stripped of his titles

The Guardian - US

JP Morgan warned US of $1bn in Epstein transactions possibly related to human trafficking

Bank says it alerted US of ‘suspicious’ transactions just weeks after paedophile was found dead in New York jail cell

The Guardian - AU

‘No empathy’: Australian banks under fire for failing customers in hardship

Banks have continued to dismiss thousands of requests for help despite facing regulatory action enforcing their obligation to work with struggling clients

Benzinga

BofA CEO Warns Shutdown Could Slow Economy; Economist Sees Rising Recession Risk (CORRECTED)

Editor's Note: This article has been updated to correctly reflect comments made by Bank of America CEO Brian Moynihan

Evening Standard

New mortgage price war breaks out amid property market torpor

Some City analysts believe another rate cut from the Bank of England could come as soon as next week

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