£2bn Tax Loophole in Car Finance Scandal Exposed
A major tax loophole will let banks and lenders avoid £2bn in corporation tax on car finance compensation. Ministers are urged to close it. Read the full story.
Category : Search result: banking loophole
Care boss jailed for illegal immigrant employment scheme
A care recruitment boss who exploited a seafarer loophole to employ 13 illegal immigrants has been sentenced to two-and-a-half years in prison. Read the full details of the Bexhill-based operation.
Car insurance loophole saves drivers £800
A major insurance loophole allows drivers to cut premiums by hundreds of pounds simply by identifying as non-binary. Discover how companies are reacting.
German court rules secret sauna filming is legal
A shock ruling in Germany has declared covert filming of nude women in public saunas legal, sparking national outrage and calls for urgent legal reform. Join the petition for change.
Reeves delays Chinese fast fashion tax loophole closure
Chancellor Rachel Reeves faces criticism for delaying the scrapping of a tax loophole benefiting Chinese fast fashion firms until 2029. UK high street retailers demand faster action.
Migrants given 'cheat sheet' for UK asylum claims
A 25-page Arabic manual is coaching migrants to falsely claim to be from Kuwait's stateless Bidoon minority to exploit the UK asylum system. The Home Office vows action.
Congress votes on Epstein files amid Trump U-turn
US Congress votes today on releasing Jeffrey Epstein files as Donald Trump performs dramatic U-turn. Victims lobby for transparency amid fears of obstruction loophole.
YouTuber arrested for tax evasion on burnt Ferrari
Cody Detwiler of WhistlinDiesel faces felony charges for allegedly evading taxes on a $400,000 Ferrari he destroyed in a viral video. Could face 1-6 years in prison.
Village fury over 65ft 'mega-shed' built via planning loophole
Outraged residents in a quiet Buckinghamshire village discover a developer used a 1948 agricultural rule to bypass modern planning permission for a massive industrial structure looming over their homes.
Fourth US Bank Collapses as First Republic Fails
First Republic Bank becomes latest casualty in American banking turmoil, with JPMorgan acquiring assets in dramatic federal intervention following SVB, Signature and Silvergate failures.
Monzo hires Google veteran for African expansion drive
Former Google and Standard Chartered executive Hussain Elius appointed as Monzo's Head of International Markets to drive African expansion strategy
Lloyds Faces Major Fine Over Spanish Property Scandal
Exclusive: Lloyds Banking Group could face substantial penalties after UK regulators uncovered serious misconduct in its Spanish property investment scheme affecting thousands of customers.
Annie Kilner's speeding case dismissed after legal loophole
Manchester City footballer Kyle Walker's partner, Annie Kilner, has her speeding case thrown out after celebrity lawyer Nick Freeman identifies crucial police error in paperwork.
HSBC sued over Bernie Madoff profits in major lawsuit
HSBC confronts explosive legal action alleging the banking giant knowingly profited from Bernie Madoff's notorious Ponzi scheme while ignoring clear warning signs in the largest fraud in Wall Street history.
Secret Bus Hack: Sydney Commuter Travels Free For Years
A savvy Sydney resident has uncovered a clever public transport loophole that's allowed him to commute completely free for years, saving over £200 monthly. Discover the simple bus trick that transport authorities don't want you to know about.
Nationwide announces major branch network changes
Nationwide Building Society announces significant restructuring across its UK branch network, affecting opening hours and services at multiple locations.
Lloyds Bank explains customer access problems
Lloyds Banking Group explains ongoing technical issues affecting mobile and online services, with customers reporting login problems and payment failures.
German legal loophole fuels Channel migrant crisis
Exclusive investigation reveals how people smugglers are exploiting a German legal technicality to flood the English Channel with migrants, as Labour faces mounting pressure to address the crisis.
NatWest Announces Major Banking Overhaul
NatWest Group reveals strategic transformation plan affecting Ulster Bank operations, customer services, and regional banking infrastructure across the UK and Ireland.
Lloyds and Schroders forge wealth management alliance
Lloyds Banking Group announces strategic partnership with Schroders plc to create a new wealth management venture, combining Lloyds' extensive customer base with Schroders' investment expertise.
Reeves slams 'unfair' tax loophole for LLP partners
Shadow Chancellor targets controversial tax arrangement allowing limited liability partners to claim generous reliefs while ordinary taxpayers foot the bill.
ANZ Banking App Crashes in Nationwide Outage
Thousands of ANZ customers across Australia were left stranded as both the mobile app and internet banking services crashed simultaneously, sparking fury and financial anxiety.
Lloyds Banking Group Hit by Major Service Outage
Thousands of UK banking customers were left stranded as Lloyds Banking Group services crashed, leaving accounts inaccessible and payments failing across multiple major banks.
Modern slavery loophole lets burglar stay in UK
Exclusive investigation reveals how a serial Albanian burglar used human rights claims to remain in Britain and continue his crime wave, exposing critical flaws in the UK's immigration and justice systems.
NatWest student account chaos leaves thousands stranded
Exclusive investigation reveals how NatWest's system failures have trapped students in banking chaos, with frozen accounts and mounting financial stress across UK campuses.
Westpac tightens savings rules for younger customers
Major Australian bank Westpac introduces stricter conditions for younger customers seeking competitive savings rates, requiring regular deposits and balance growth to qualify.
Lloyds Bank cuts 1,600 jobs in restructuring
Lloyds Banking Group reveals plans to slash 1,600 jobs while creating 830 new roles in strategic restructuring. The changes affect multiple locations including Bristol and Edinburgh as the bank accelerates its digital transformation.
JP Morgan mandates biometric data for UK staff access
Banking giant JP Morgan requires all UK headquarters staff to share fingerprint and facial recognition data for building access, sparking privacy debates and union concerns.
Tesco Clubcard loophole saves shopper hundreds
A clever customer reveals how he exploited Tesco's Clubcard pricing system to purchase premium products at massive discounts, saving hundreds of pounds on high-end items.
Lloyds warns of bigger car finance scandal hit
Lloyds Banking Group reveals mounting financial pressure from the car finance mis-selling scandal, with provisions now expected to significantly exceed initial estimates as regulatory scrutiny intensifies.
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