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THE TRUTH ABOUT: 4 | History Defined

Dubai news: ‘Evacuate the office?’ Standard Chartered responds to viral rumours in UAE emirate amid Iran vs US-Israel war

Amidst escalating Iran vs US-Israel war, Standard Chartered clarified reports of a Dubai office evacuation, stating it extended existing work-from-home measures as a precaution. The bank emphasised its regional operations remain active. This comes as other financial institutions also implement safety protocols, highlighting Dubai's crucial role as a financial hub…

The Times of India

Middle East news: HSBC makes bold GCC prediction as Iran vs US-Israel war rattles markets and oil prices surge

Despite escalating Iran vs US-Israel war, HSBC reaffirms strong confidence in GCC economies, signalling global banks are not retreating. The region's diversified economies, fiscal strength and strategic location continue to attract capital, even as markets grapple with conflict-driven volatility and energy price surges. Financial hubs like Dubai and Abu Dhabi…

The Times of India

Citibank temporarily shuts most UAE branches from March 12–14, shifts staff to remote work

Citibank has temporarily closed most of its branches and financial centers across the UAE from March 12-14 as a precautionary measure due to escalating geopolitical tensions in the Middle East. The Mall of the Emirates branch will remain open, and digital services are fully operational. Other global banks are also…

The Times of India

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British fintech Revolut gets full banking licence

Group lodged application in 2021 but had to overcome accounting issues and reputational concerns

The Guardian - UK

Revolut finally secures full UK banking licence after lengthy wait

The fintech was granted a licence with restrictions in July 2024, having first applied to become a full bank in 2021

The Independent UK

Barclays becomes latest bank to offer new customers £200 to switch

Barclays becomes the latest bank to offer a cash incentive to new customers, joining a host of high street banks including Santander and Natwest

The Independent UK

Britain’s biggest mortgage lenders are hiking rates – here’s what we know

Several lenders have increased their mortgage rates in recent days, with more signalling they are set to follow

The Independent UK

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Emirates NBD bank waives fees for cash withdrawals from other ATMs across UAE, GCC as Iran and US–Israel war fears grow

Emirates NBD is waiving ATM withdrawal fees across the UAE and GCC until March 31, 2026, to ease financial access amid regional disruptions. This move also includes free debit card replacements and delivery, offering crucial support to stranded travelers and residents navigating travel uncertainties. The initiative aims to ensure uninterrupted…

The Times of India

HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis

Experts say Iran war could cause energy price shock that pushes up UK inflation, in turn forcing up interest rates

The Guardian - UK

HSBC and Nationwide hike mortgage rates as Iran was fallout hits borrowers

Moves by HSBC and Coventry Building Society are likely to be followed by other big players

Evening Standard

Metro Bank bounces back to profit after cost-cutting

The company has heavily reduced its cost base in recent years as part of a major turnaround since 2023.

Evening Standard

US moves to cut off a Swiss bank over alleged Iran and Russia money flows

The U.S. Treasury is moving to cut a small Swiss bank off from the U.S. financial system over alleged illicit ties to Iran and Russia

The Independent UK

HSBC bankers to share $3.9bn bonus pot, the highest in more than a decade

Bank reports better-than-expected annual results and CEO signals overhaul of lender is almost over

The Guardian - UK

Facial recognition error prompts police to arrest Asian man for burglary 100 miles away

Exclusive: Alvi Choudhury claiming damages against Thames Valley police after biased technology confused him with man looking ‘10 years younger’

The Guardian - UK

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Evening Standard

FTSE 100 Live 24 February: AI disruption fears continue, banking stocks struggle

A mixed performance by the FTSE 100 index today reflected ongoing tariffs uncertainty and AI disruption fears.

International Business Times

JPMorgan Chase Sees $150B–$200B Refund Risk After Trump Tariff Setback

JPMorgan warns the U.S. could owe up to $200 billion in tariff refunds after the Supreme Court struck down key Trump emergency trade duties.

The Independent UK

JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack

JPMorgan Chase now confirms it closed Trump’s accounts after mob of his supporters stormed halls of Congress

The Independent UK

How does NatWest’s £150 bank switch offer stack up against the competition?

Banks and building societies will pay you to join them - but make sure you know the terms

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Evening Standard

Ex-HSBC banker dodged £5,900 in London train fares by using 'doughnutting' fraud

Joseph Molloy, a former HSBC executive, exploited the scam over 740 times in 11 months, saving a total of £5,911 on Southeastern train fares, Inner London Crown Court heard

AAP

Aussie shares clinch third session of gains, NAB soars

The washout in precious metals does not appear over, with gold miners still under pressure and dragging on the raw materials sector.

The Guardian - UK

UK bank bosses plan to set up Visa and Mastercard alternative amid Trump fears

Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networks

The Guardian - UK

Lloyds investigating after using staff’s bank account data in pay talks

CEO Charlie Nunn tells employees that issue ‘created some concern’ but insisted ‘we definitely have listened to it’

AAP

Regional bank sees stronger loan growth on the horizon

A regional bank has earmarked money to deal with regulatory issues after reporting a dip in net cash earnings, partly driven by a fall in lending.

The Guardian - UK

Bank bosses get huge pay rises in sign top City salaries back to pre-crash highs

Nat West CEO’s £6.6m pay package for 2025 is largest for group since disgraced Fred Goodwin’s £7.7m in 2006

The Guardian - UK

Attempt to modernise NS&I has been a ‘full-spectrum disaster’, MPs find

Spending watchdog says state-owned bank exposed taxpayers to ‘unacceptable risk’ as cost spiral to £3bn

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