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DARK SECRETS: 6 | Vintage Vibes

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

The Guardian - UK

Reta Jo Lewis: The Art of Leading in a World that Refuses to Slow Down

With a 30-year career, Lewis has undertaken senior roles in diplomacy and trade across three presidential administrations, along with leading the Export-Import (EXIM) Bank of the United States at a moment when global competition sharpened and supply chains became strategic.

International Business Times

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel Reeves

The Guardian - UK

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Jamie Dimon's Annual Letter To Shareholders Warns Geopolitical Risks Could Herald Investor Caution

JPMorgan Chase reports record revenue and net income, rewarding shareholders with increased dividends, while CEO Dimon underscores the importance of disciplined growth and technological investment.

International Business Times

Jamie Dimon says US should strengthen allies economically, in veiled criticism of Trump

JP Morgan boss warns of risks of higher inflation and interest rates due to Iran war in annual letter to shareholders

The Guardian - UK

French central bank nets €13bn by pulling gold out of US reserves

France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly €13 billion as it upgrades its holdings.

Radio France Internationale

France charges four over failed attack on US bank

French authorities charged Wednesday a young man and three minors in connection with an attempted attack against a Bank of America branch in Paris, as investigators explored suspicions a pro-Iran group was involved.

Radio France Internationale

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French prosecutors seek detention for 4 suspects in foiled Paris Bank of America bomb plot

French prosecutors have placed four suspects under investigation after police stopped a suspected bomb attack outside a Bank of America building in Paris, with possible links to Iran

The Independent UK

Monzo to shut down US operations in ‘deliberate’ and ‘strategic’ move

The decision to leave the US will result in about 50 job losses

The Independent UK

"The Axios Show": Jamie Dimon defends Iran war as overdue

"They've been killing people around the world for 45-plus years."

Axios

Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off?

The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say

The Guardian - AU

I nearly lost my new home because of a NatWest banking error

I transferred money to my current account for exchange of contracts, but the bank refused access to the funds

The Guardian - UK

How many sweeteners does JP Morgan need to build an office in Canary Wharf?

US bank will get deal it doesn’t really need as it would be far too embarrassing for Treasury to see investment sail away

The Guardian - UK

'Put the matter behind...': Bank of America agrees to pay $72.5 million to Epstein victims after years of legal battle

Bank of America has agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of enabling sexual abuse and sex trafficking linked to convicted pedophile Jeffrey Epstein. The settlement was disclosed in court filings on Friday and still requires approval from a federal…

The Times of India

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The Guardian - UK

Lloyds bank faces £66m court battle with car loan customers

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them

The Guardian - UK

Almost half a million Lloyds customers had personal data exposed in IT glitch

Letter from group published by MPs blames 12 March glitch on software update to its mobile banking apps

The Guardian - UK

NS&I boss forced out as bank faces £470m payout over missing savings

Pensions minister promises the ‘full truth’ as external advisers are hired to identify the scale of the errors

The Guardian - US

New York robber on the run after stealing just $605 from six banks across city

NYPD have yet to catch suspect who appears to be on losing streak after stealing limited funds from Chase banks

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Evening Standard

Bank of London and parent firm fined £2 million for misleading banking watchdog

The Prudential Regulation Authority (PRA) said it is the first time it has fined a firm for failing to conduct its business with integrity.

Evening Standard

Revolut reveals record profits in ‘landmark’ year

The fintech secured the long-awaited all-clear earlier this month to become a fully fledged bank in the UK.

The Times of India

Nirav Modi appears in person to fight Rs 100 crore Bank of India case in London

Fugitive jeweller Nirav Modi appeared in a London court to contest a Rs 100 crore claim by Bank of India. The bank seeks repayment of a loan to his company, Firestar Diamond, for which Modi provided a personal guarantee.

International Business Times UK

Nodus Bank CEO Accused of Using Bank as 'Personal ATM' in $24M Fraud Scheme That Led to Collapse

Former Nodus Bank CEO pleads guilty to a $24M fraud scheme, exposing a shocking abuse of power and leading to the bank's collapse.

The Guardian - UK

JP Morgan Chase to use computer estimates to monitor hours worked by junior bankers

Company says tool to compare self-reported hours with computer estimates is for ‘awareness, not enforcement’

The Independent UK

How Zopa want to be the next great British digital bank success story

The app-based bank reported a third year of profits and are set to push new AI features into their app

The Independent UK

Man tried to rob six NYC banks in 5 days – and made off with just $605

Police are hunting for suspect Gustavo DeJesus Torres after his low-yield crime wave hit New York branches of Chase over the weekend

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