JP Morgan CEO Warns of Rate Shocks from Iran War
Jamie Dimon warns Trump's Iran war could trigger significant interest rate shocks through oil price spikes and supply chain disruptions, reshaping global economic order.
Category : Banking
Santander Closing 40 UK Branches by May 2026
Santander is closing 40 UK branches in April and May 2026, citing a shift to online banking. The closures follow earlier cuts and put 291 jobs at risk, with community bankers planned as replacements.
Digital Banking Gaps Filled by 'Hidden Helpers' Using Risky Methods
A new report reveals millions rely on informal 'financial helpers' for digital banking tasks, often using risky methods like password sharing due to branch closures and digital exclusion.
Bank Loyalty Costs Britons Thousands, Millions Miss Better Deals
Financial experts warn that millions of UK consumers are losing hundreds or thousands of pounds by staying with their bank for decades, despite a competitive market offering superior accounts and services.
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Barclays Revives High Street with New Branches and Managers
Barclays reverses its branch closure strategy, planning to open new high street locations and reintroduce bank managers to enhance customer service and compete with digital rivals.
Ex-Co-op CEO Shirine Khoury-Haq Paid £2m to Leave After Tough Year
Shirine Khoury-Haq, the former chief executive of the Co-operative Group, was paid a £2 million exit package following a difficult year marked by financial and operational challenges at the mutual.
MP Warns of Counterfeit Cash Surge After Bank Visit
Conservative MP Dr Luke Evans issues urgent alert about rising counterfeit notes in circulation, urging public vigilance during cash transactions and social media deals.
Barclays Revives High Street Banking with New Branches
Barclays announces a major shift in strategy, planning to open new branches and reintroduce bank manager roles to counter the rise of digital-only banking and enhance customer service.
Barclays Plans High Street Return with New Branches
Barclays is reversing its branch closure strategy by opening new high street locations and reintroducing bank managers, responding to customer demand for physical banking support.
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Plum Cash ISA: 4.57% Flexible Savings Expert Pick
Financial expert Caitlyn Eastell highlights the Plum Cash ISA as her top pick for last-minute savers before the tax year ends, offering 4.57% AER with flexible withdrawals.
Lloyds Bank: Use ISAs for Small Savings Goals Like Tattoos
Lloyds Bank advises customers to leverage ISAs for modest savings targets, such as funding a tattoo, highlighting tax-free benefits and the psychological boost of naming accounts.
Easter 2026 Bank Opening Hours for Major UK Banks
Discover the Easter 2026 opening times for major UK banks including Nationwide, Lloyds, HSBC, NatWest, TSB, Halifax, Santander, and Barclays. Plan ahead for the long weekend.
Lloyds Maintains £2bn Motor Finance Compensation Provision
Lloyds Banking Group maintains its £1.95 billion provision for car finance mis-selling compensation despite FCA scheme changes, while facing potential legal challenges.
Polymarket Drives Oil Market as Traders Use Betting Data
Energy traders report that anonymous prediction platforms like Polymarket are directly influencing global oil prices through algorithmic trading, raising insider trading concerns.
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Mortgage Lenders to Gain Flexibility on High Loan-to-Income Ratios
The FCA and PRA have launched a consultation to allow mortgage lenders more flexibility in offering high loan-to-income mortgages, potentially boosting homeownership for first-time buyers.
Monzo Shuts US Business, 50 Jobs Cut
Digital bank Monzo has announced a strategic decision to close its US operations, resulting in 50 job losses. The move follows struggles to gain market share and a failed 2021 banking licence application.
Monzo Withdraws from US Market in Strategic Shift
Digital bank Monzo is shutting down its US operations in a deliberate strategic move, resulting in 50 job losses, to concentrate on scaling in the UK and European markets.
Monzo Exits US Market, Focuses on UK and Europe
Digital bank Monzo is shutting down its US operations, resulting in 50 job losses, to concentrate on growth in the UK and Europe, where it has 15 million customers.
Hidden Costs Loom as Australia Bans Card Surcharges
Australia's ban on credit and debit card surcharges from October 1 may not save consumers money, as experts warn costs will be rolled into prices, impacting cash users and small businesses.
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Card Surcharge Ban: Transparency vs. Hidden Costs in Australia
Australia ends debit and credit card surcharges in October, promising price transparency but risking higher fees and inflation as businesses and banks adapt to lost revenue.
McDonald's KPop Demon Hunters Menu Launch with Netflix (31.03.2026)
McDonald's partners with Netflix to launch a KPop Demon Hunters-inspired menu in the US, featuring limited-edition meals and a new McFlurry flavor from March 31.
Car Finance Lenders' Shares Rise After FCA Cuts Redress Bill
Shares in major UK motor finance lenders, including Lloyds and Barclays, climbed after the Financial Conduct Authority finalised a compensation scheme, reducing the industry's total bill by approximately £2 billion.
Barclays £200 Switch Bonus & Apple TV Deal for New Customers
Barclays Bank is offering new customers up to £200 for switching accounts, plus access to discounted Apple TV through their Blue Rewards programme. Learn eligibility and how to apply before the May deadline.
FCA's £7.5bn Car Finance Compensation Scheme for Mis-Sold Loans
The Financial Conduct Authority has confirmed a £7.5 billion compensation scheme for motorists impacted by unfair car finance deals, with millions eligible for payouts averaging £829 per loan.
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JP Morgan Wants Business Rates Cut for London HQ
JP Morgan, which reported a net income of $57 billion in 2025, is negotiating for a business rates discount on its planned Canary Wharf office, raising questions about corporate incentives.
Australia to Scrap Card Surcharges by October
Reserve Bank reforms will eliminate debit and credit card surcharges in Australia by October, saving consumers $1.6bn annually. Treasurer Jim Chalmers hails the move as a cost-of-living relief measure.
Australia Scraps Card Surcharges and Junior Pay Rates
Reserve Bank reforms will eliminate debit and credit card surcharges by October, while Fair Work Commission abolishes junior pay rates for workers aged 18 and over.
NatWest Error Nearly Costs Homebuyer Their New Home
A homebuyer in Northern Ireland faced losing their new home after NatWest blocked access to £260,000 funds due to security checks and a sort code error, causing delays and frustration.
Close Brothers on £7.5bn Car Finance Compensation Scheme
Lender Close Brothers is evaluating the implications of the FCA's £7.5 billion compensation scheme for unfair car loans, which will provide average payouts of £830 to 12.1 million motorists by end of 2026.
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Millions Get £829 Average in Car Loan Payout Scheme
The Financial Conduct Authority unveils final plans for its motor finance redress scheme, with 12.1 million unfair deals eligible for compensation averaging £829 each, totaling £7.5 billion.
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