Wells Fargo shares plunge 9% after regulatory rejection
Exclusive: Wells Fargo faces major setback as US regulators reject its resolution plan, triggering a 9% stock plunge and raising concerns over the bank's crisis management capabilities.
Category : Search result: banking policy
Reform UK to Strip FCA of Banking Powers if Elected
Reform UK announces radical manifesto pledge to abolish the Financial Conduct Authority's power to regulate banks, promising a bonfire of red tape for the financial sector.
Hidden bank fees shock for Aussie debit card users
A little-known banking policy is set to deliver a rude financial shock to millions of Australians who prefer using their debit cards, as major banks quietly change how they process payments.
Lloyds warns 3000 staff: Improve performance or face sack
Exclusive: Lloyds Banking Group has issued formal warnings to 3000 employees, stating they face dismissal unless performance improves significantly, in one of the UK's largest workforce restructuring moves.
NatWest to close 26 bank branches in 2024
High street giant NatWest Group announces another wave of closures, shutting 26 branches across England, Scotland, and Wales in 2024, citing a dramatic shift to online banking.
TSB Banking App Crashes in Major Nationwide Outage
TSB's mobile banking app and online services have been hit by a major outage, leaving frustrated customers unable to access their money. The high street bank is investigating the technical meltdown.
HSBC ordered to repay £50k after pensioner scam failure
A retired NHS nurse from London lost her entire life savings in an authorised push payment scam. The Financial Ombudsman Service has now ruled HSBC must refund Katrina Harrison £50,000 after the bank's security systems failed to prevent the fraud.
Reeves Forges New Pact with UK Banks to Boost Economy
Chancellor Rachel Reeves hosts landmark meeting with UK banking chiefs, unveiling a new 'shared commitment' to boost competitiveness and economic growth. Exclusive details on the new Mansion House reforms.
ANZ Bank sacks CEO Nuno Matos in governance scandal
ANZ Bank has abruptly terminated CEO Nuno Matos following an internal investigation into cultural and governance concerns, sending shockwaves through the banking sector.
HSBC and First Direct Hit Major Online Banking Outage
Thousands of HSBC and First Direct customers across the UK were unable to access their online and mobile banking services due to a significant technical outage, with the bank issuing an apology and working to resolve the 'ERR03' error.
HSBC Banking App Crashes, Locking Out Thousands of UK Users
Thousands of HSBC UK customers were left unable to access their money as the banking giant's app and online services suffered a major crash. Frustrated users took to social media to report issues with logins, transactions, and balance checks.
Who is Lisa Cook? The Economist Reshaping US Policy
An in-depth look at the life and career of Dr Lisa Cook, the pioneering economist making history at the Federal Reserve. Discover her journey from academic excellence to shaping global economic policy.
Fed Governor Sues Trump Administration in Landmark Case
Federal Reserve Governor Michelle Bowman initiates landmark legal action against the Trump administration, challenging the President's authority to demote her in a dramatic escalation of tensions between US financial regulators and the White House.
Natwest and RBS Banking App Crashes in Major Outage
Thousands of NatWest and Royal Bank of Scotland customers were left stranded as a major outage knocked out mobile and online banking services, sparking a wave of frustration.
Selfie Scam: Fraudsters Exploit NAB's Facial Recognition
Exclusive: A sophisticated criminal syndicate exploited a major flaw in National Australia Bank's 'selfie' identity verification, stealing over $1.5 million in a high-tech fraud that raises serious questions about biometric security.
NatWest & Halifax Shut 39 Bank Branches
Major banking giants NatWest and Halifax announce the closure of 39 UK branches in 2025, citing a dramatic shift to online banking. Full list of affected locations and what it means for customers.
Mortgage Nightmare After Bank's System Error Empties Account
Exclusive: A UK homeowner reveals how a devastating banking glitch left him unable to pay his mortgage, pushing him to the brink of financial ruin and highlighting a growing crisis in customer service failures.
Thailand's Banks Scrap Foreign Transaction Fees
In a landmark move for Southeast Asian finance, Thailand's top banks eliminate burdensome fees for overseas payments, boosting tourism and digital banking competitiveness.
Best UK Banks 2024 Rankings Revealed
Discover the official rankings of the best UK banks in 2024. Find out which banks lead in customer service, digital banking, and overall satisfaction.
Santander’s New Banking App: Smarter, Safer, Simpler
Santander has launched a cutting-edge banking app designed to simplify money management for UK customers, featuring innovative tools and enhanced security.
Lloyds Bank launches revolutionary mobile banking feature
Lloyds Bank introduces a new mobile banking feature designed to enhance user experience, offering seamless money management on the go.
CBA posts record $10.2bn cash profit
Australia's largest lender, Commonwealth Bank, posts a historic $10.2bn cash profit amid rising interest rates, sparking debate over banking sector accountability.
Grandad loses £1,000 in 18-second banking blunder
A simple 18-second error cost a grandfather nearly £1,000 in a shocking banking blunder. Read how this happened and how you can avoid the same fate.
Lloyds to close 45 UK bank branches
Lloyds Banking Group announces the closure of 45 branches across the UK, impacting Halifax and Bank of Scotland customers. Find out the locations and what alternatives are available.
Defaqto launches revolutionary banking tech platform
Financial research firm Defaqto introduces innovative technology to transform banking services, offering smarter solutions for UK consumers and institutions.
Metro Bank secures £925m rescue package
Metro Bank has finalised a £925 million rescue package, including £325 million in new capital and £600 million in debt refinancing, to stabilise its operations and reassure customers.
Nationwide’s scam warning after customer loses £1,000
Nationwide has issued a warning after a customer lost £1,000 in a sophisticated scam. Here’s how to protect yourself from fraudsters.
Lloyds reserves £450M over car finance scandal
Lloyds Banking Group sets aside £450 million amid an FCA investigation into unfair car finance commissions, causing shares to drop sharply.
Lloyds faces huge compensation over car finance scandal
Lloyds Banking Group has been ordered to establish a compensation scheme following a ruling on the car finance scandal, impacting shares and sparking market reactions.
KPMG UK Faces Backlash Over Bank Remarks
KPMG UK has come under fire after a senior executive made contentious remarks about banks, sparking outrage and calls for accountability. Here’s the full story.
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