Lloyds Bank Under FCA Investigation: Shares Drop
Lloyds Banking Group faces formal FCA investigation over potential regulatory breaches, sending shares plummeting as market confidence wavers.
Category : Search result: banking sector
JPMorgan CEO Dimon Issues Recession Warning
JPMorgan Chase CEO Jamie Dimon sounds alarm on economic turbulence ahead, highlighting inflation pressures and geopolitical risks that could impact British businesses and households.
Metro Bank glitch leaves customers with missing money
Thousands of Metro Bank customers faced payment chaos and missing money as a major technical glitch crippled online and mobile banking services across the UK.
Metro Bank App Crash: Customers Locked Out of Accounts
Metro Bank customers left stranded as mobile app and online services crash for hours, with frustrated users unable to access their money or make payments during widespread outage.
Banker sacked for lying about sexual harassment claims
A high-flying investment banker has been dismissed after an employment tribunal ruled he fabricated sexual harassment allegations against a female colleague in what's being described as a 'calculated campaign of deception'.
Three major banks shutting dozens of branches across UK
Lloyds, Halifax and Barclays announce sweeping branch closures across England and Wales, leaving customers facing longer journeys to access in-person banking services.
Lloyds Bank cuts overdraft fees from £150 to £15
Lloyds Banking Group announces significant reduction in overdraft fees, cutting charges from £150 to just £15 in major customer-friendly overhaul.
HSBC freezes Melbourne woman's account without explanation
A Melbourne mother's life turned upside down when HSBC suddenly froze her account without explanation, leaving her unable to access her own money for essential expenses in a shocking case of banking bureaucracy gone wrong.
Badenoch criticised over Farage banking row intervention
Business Secretary Kemi Badenoch faces criticism after intervening in Nigel Farage's Coutts banking controversy, raising questions about political influence in financial services.
Lloyds Group Shutters 53 More Bank Branches
Major banking group announces fresh wave of branch closures across England, Scotland and Wales as customers shift to digital banking, leaving communities concerned about access to cash.
Banking Climate Alliance Collapses Amid US Pressure
The UN-backed Net-Zero Banking Alliance has been abruptly dissolved following US political pressure and legal threats, dealing a significant blow to global climate finance efforts.
Sabadell rejects BBVA's £1.7bn takeover bid
Banco Sabadell's board unanimously rejects BBVA's acquisition offer, declaring it undervalues the bank amid Spanish banking consolidation talks.
Nationwide's £56 scam alert for customers
Nationwide Building Society warns customers about sophisticated text scams targeting bank accounts. Learn how to spot fake messages and protect your money from fraudsters.
Australia Post cash ban sparks national outrage
Australia Post faces furious backlash after quietly implementing cashless policies across branches, leaving vulnerable customers stranded and prompting government intervention.
UK Economy Stagnates as Construction Output Plummets
Britain's economic recovery hits a wall as construction output plummets 1.9% in April, wiping out service sector gains and raising Budget concerns for the Chancellor.
NAB customer quits over frozen £1,500 transfer fiasco
Exclusive: A frustrated NAB customer reveals why he's abandoning the banking giant after what he calls a 'complete system failure' left him fighting for his own money.
Labour unveils pay boost and reform for England's care sector
The Labour government announces transformative plans to tackle England's care crisis with significant pay increases and a new national negotiating body, marking the biggest reform in decades.
Private sector jobs surge past pre-pandemic peak
Exclusive analysis of ONS figures shows a dramatic jobs market reversal, with private sector employment hitting a record high as the public sector workforce contracts for the ninth consecutive quarter.
Santander and Nationwide Clash Over Bank Account Switching
High street banking giants Santander and Nationwide are at odds over a proposed overhaul of the UK's current account switching service, a move that could significantly alter how customers change banks.
Shocking New Bank Scam Drains Accounts Without Detection
UK banking customers are being targeted by sophisticated 'withdrawal' scam that bypasses security. Victims report losing thousands as fraudsters exploit system loopholes. Essential reading to protect your savings.
Commonwealth Bank outage locks millions out of online banking
Commonwealth Bank of Australia (CBA) customers were left stranded as a planned maintenance event spiralled into a full-scale online and app banking outage, disrupting payments and access for millions.
CMA Launches Probe into Nationwide-Virgin Money Merger
The UK's Competition and Markets Authority has initiated a formal 'phase 1' investigation into the proposed £2.9 billion acquisition of Virgin Money by Nationwide Building Society, scrutinising potential impacts on consumer choice and competition.
BOE Governor: EU Rules Pose Material Risk to UK Stability
Andrew Bailey cautions that Brussels' post-Brexit financial regulations could create 'material risk' for the UK, urging for greater cooperation to prevent market fragmentation.
Bank of America UK: Pay Rises Amid Branch Closures
Exclusive: Bank of America announces a major pay increase for its UK staff while quietly accelerating a programme of local branch closures, raising questions about the future of high street banking.
Asian Markets Tumble on US Fed Rate Fears
Asian stock markets plunged sharply as fears of prolonged high US interest rates triggered a global sell-off. The Bank of Japan's intervention and regional banking concerns amplify the financial turmoil.
Major UK Bank: AI Could Replace Thousands of Jobs
Exclusive: A leading British bank has warned that artificial intelligence could replace thousands of jobs, signalling a major shift in the UK's financial employment landscape. Discover which roles are most vulnerable.
Lloyds blocks card over twin sister identity mix-up
A Lloyds Banking Group customer reveals how a system error mistakenly linked her identity to her twin sister, leaving her unable to access her new credit card and trapped in a bureaucratic loop for weeks.
ASIC Probes ANZ Over Account Freezing Linked to ABC Report
Australian financial watchdog ASIC investigates ANZ Bank over claims it froze customer accounts based on ABC's controversial 'Banking Crooks' documentary, as presenter Sarah Ferguson is called to testify.
ANZ Bank fined record £240m for charging deceased customers
ANZ Bank has been hit with a monumental £240 million penalty for a litany of serious failures, including charging fees to deceased customers. The Federal Court condemns the bank's 'widespread' and 'systemic' misconduct.
RBA to Ban Card Surcharges, Banks Fight Back
The Reserve Bank of Australia plans to eliminate debit and credit card surcharges, facing fierce opposition from major banks who warn of unintended consequences for consumers and businesses.
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