UK Banks Plan National Payment Network to Counter US Reliance
UK bank bosses are holding talks to establish a national alternative to Visa and Mastercard, amid fears over reliance on US-owned payment systems and potential disruptions.
Category : Banking
Ex-Carillion Boss Fined £237k for Reckless Actions by FCA
The Financial Conduct Authority has fined former Carillion CEO Richard Howson £237,000 for acting recklessly and misleading investors about the firm's financial troubles before its 2018 collapse.
Lloyds Investigates Staff Account Data Use in Pay Talks
Lloyds Banking Group CEO Charlie Nunn addresses concerns after using aggregated employee bank account data during union pay negotiations, prompting ICO inquiries.
Klarna Now on Google Pay for UK Shoppers
Klarna integrates with Google Pay, allowing millions of UK users to access buy now, pay later options directly from their phones, amid upcoming FCA regulation.
Bank of England's Gender-Fluid Dress Code Breaks City Traditions
The Bank of England introduces groundbreaking dress code allowing gender-fluid expression, challenging decades of City tradition while facing economic pressures.
Valentine's Day Chocolate Prices Rise Despite Cocoa Drop
Valentine's Day chocolate prices in the US have increased by 11.8% on average, as manufacturers face high costs from past cocoa purchases and trade tariffs, with consumer demand remaining strong.
Lloyds CEO Could Land £17.7m Under New Pay Policy
Lloyds Banking Group has unveiled a new executive compensation policy that could see CEO Charlie Nunn earn up to £17.7 million this year. The changes aim to align pay more closely with financial performance.
Lloyds, Halifax, NatWest Shut 40+ UK Branches in 2026-27
Major UK banks including Lloyds, Halifax, and NatWest announce closures of over 40 branches from May 2026 to March 2027, citing a shift to digital banking and alternative services.
Jamie Dimon's Legacy at Risk from Epstein Files and Trump
JP Morgan Chase CEO Jamie Dimon faces a turbulent final career phase as Epstein files and Trump's lawsuits threaten his reputation, with questions over his knowledge of the bank's ties to the sex trafficker.
Nationwide Cuts Mortgage Rates Up to 0.16% for Customers
Nationwide Building Society announces significant mortgage rate reductions of up to 0.16 percentage points effective today, offering savings for first-time buyers, home movers, and remortgagers across fixed-rate products.
NatWest Profits Soar 24% with £495m Staff Bonuses
NatWest Group reports a 24.4% rise in pre-tax profits to £7.7 billion for 2025, alongside a £495 million staff bonus pool and CEO pay increase to £6.6 million.
NatWest CEO Paul Thwaite Gets Largest Pay Since Fred Goodwin
NatWest CEO Paul Thwaite receives a £6.6m pay package for 2025, the highest since Fred Goodwin's £7.7m in 2006, amid bank privatisation and bonus cap removal.
NatWest Profits Jump 24% to £7.7bn, Bonuses Swell
NatWest Group reports a 24.4% rise in pre-tax profits to £7.7 billion for 2025, with CEO pay up by a third and staff bonuses increasing by 11%.
Goldman Sachs Lawyer Quits Over Epstein Email Ties
Kathy Ruemmler, Goldman Sachs' chief legal officer, has resigned following the disclosure of emails showing a close personal relationship with convicted sex offender Jeffrey Epstein.
Business Coach Warns: 30-Year Mortgage Is a Financial Trap
A business coach reveals the shocking true cost of a 30-year mortgage, showing how interest can double your loan. She calls it a 'trap' and offers tips to reduce payments.
NS&I Modernisation a 'Disaster' with Costs Hitting £3bn
A parliamentary report condemns NS&I's modernisation programme as a 'full-spectrum disaster', with costs tripling to £3bn and little progress made, exposing taxpayers to high risks.
Magnum CEO: Ice Cream Will Survive Weight-Loss Drug Era
Unilever's ice cream chief Peter ter Kulve says GLP-1 medications reduce mindless eating but won't kill demand for premium treats, as company expands portion-controlled options.
Magnum CEO: Weight-Loss Drugs Boost Demand for Premium Mini Treats
Magnum's CEO says GLP-1 weight-loss drugs reduce mindless eating but increase demand for deliberate, portion-controlled premium treats, creating new market opportunities.
Jes Staley Was Trustee of Jeffrey Epstein Estate Until 2015
Former Barclays chief Jes Staley acted as a trustee for Jeffrey Epstein's estate until 2015, according to newly released court documents, raising questions about his ties to the financier.
Lloyds Banking Group to Close 95 Branches Across UK
Lloyds Banking Group has revealed plans to shut 95 bank branches, including Lloyds, Halifax, and Bank of Scotland sites, between May 2026 and March 2027, with job impacts unclear but alternative roles offered.
Westpac Forecasts Another Rate Hike for Australia This Year
Westpac warns Australians could face another interest rate hike in 2024 to combat inflation, despite recent RBA increases. Consumer sentiment has dropped, with mortgage holders bracing for more financial pressure.
Lloyds to Close 95 Bank Branches Across UK
Lloyds Banking Group will shut 95 bank branches across the UK, affecting Lloyds Bank, Halifax, and Bank of Scotland customers between May 2026 and March 2027.
Lloyds Group to Close 95 UK Bank Branches by 2027
Lloyds Banking Group will shut 95 branches across Lloyds Bank, Halifax, and Bank of Scotland between May 2026 and March 2027, affecting communities nationwide.
Lloyds to Shut 95 More UK Bank Branches in 2026-2027
Lloyds Banking Group will close 95 branches across its Lloyds Bank, Halifax, and Bank of Scotland brands between May 2026 and March 2027, with 15 new banking hubs planned to maintain cash access.
Savers at Major Banks Face £300 Loyalty Penalty
Analysis reveals savers with Barclays, HSBC and Lloyds could lose nearly £300 annually by staying loyal, as challenger banks offer rates over 4% compared to big banks' 1.19% average.
Nationwide First UK Bank to Offer Electronic Mortgage Signatures
Nationwide Building Society introduces Qualified Electronic Signatures for mortgage deeds in England and Wales, streamlining property transactions and removing the need for physical witnesses.
Heineken to Cut Up to 6,000 Jobs as Beer Demand Weakens
Brewing giant Heineken plans to eliminate 5,000 to 6,000 roles globally over two years, impacting 7% of its workforce, due to challenging market conditions and falling sales volumes.
CBA Reports Record Profits and Announces Share Buyback
Commonwealth Bank of Australia has announced a significant surge in profits, leading to a major share buyback program and a rise in share prices.
Enhanced BNPL Safeguards for Shoppers from Summer
New FCA rules promise better protection for buy now pay later users, including clearer terms and affordability checks, as the sector faces regulation from July.
FCA Regulates Buy Now Pay Later from July 2026
The Financial Conduct Authority will regulate buy now pay later providers from July 15, 2026, introducing affordability checks and consumer protections for millions of users.
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