Barclays charges £100 fee for 67p overdraft
A Barclays customer was left in shock after being charged a staggering £100 fee for a minuscule 67p overdraft. Read the full story of this banking scandal and how to protect yourself from similar charges.
Category : Search result: banking reforms
Autumn 2025 Bank Closures: Full List of Shutting Branches
Exclusive: Major UK banks including Barclays, Lloyds, and HSBC announce a fresh wave of branch closures for Autumn 2025, leaving communities without vital local banking services and raising concerns about financial exclusion.
Barclays & BoS Face Massive Fines Over Unfair Mortgages
The UK's financial watchdog, the FCA, is set to impose significant penalties on Barclays and Bank of Scotland for failing to offer existing customers the same competitive mortgage rates available to new clients, a practice affecting thousands of borrowers
Lloyds Bank to Close 45 Branches in 2025
Lloyds Banking Group announces the closure of 45 Lloyds and Halifax branches across England and Wales in 2025, citing a dramatic shift to digital banking. Discover if your local branch is affected.
Osborne's Robey Warshaw in shock Evercore takeover bid
Former Chancellor George Osborne's boutique investment bank, Robey Warshaw, is in advanced talks to acquire Wall Street giant Evercore in a monumental deal that would reshape the global financial advisory landscape and create a transatlantic powerhouse.
Barclays App Outage: Customers Locked Out of Accounts
Barclays customers were left furious and financially stranded after a major outage in the banking app and online service blocked access to accounts and halted payments for hours.
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.
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.
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.
Australia's Diplomatic Storm and Reform Controversy
Exclusive insight into Australia's escalating diplomatic row, the controversial 'Barry' roundtable reforms, and the political turmoil gripping Canberra. Discover the internal and external pressures shaping the nation's future.
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.
Social Security reforms coming in 2026
The UK government is planning significant changes to Social Security payments by 2026, impacting millions of beneficiaries. Here’s what you need to know about the upcoming reforms.
Ministers pledge action on A-Level inequality
Ministers vow to tackle persistent disparities in A-Level outcomes, as new data reveals widening gaps between regions and socioeconomic groups.
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.
Reeves axes non-dom tax status in economic overhaul
Chancellor Rachel Reeves announces sweeping reforms to scrap non-dom tax loopholes and stimulate the UK economy with new housing and investment strategies.
State pension age rising to 67: what you need to know
The UK government has confirmed an increase in the state pension age to 67. Find out how this change affects you based on your birth year.
Phillipson vows to end teacher exodus with bold reforms
Education Secretary Bridget Phillipson announces sweeping reforms to tackle the teacher shortage crisis, promising better pay and working conditions.
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.
Cooper's justice reforms: solution or new problem?
Home Secretary Yvette Cooper's latest policy aims to ease pressures on courts but risks creating new challenges. Experts weigh in on the potential fallout.
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