Donald Trump has nominated former Fed governor Kevin Warsh to replace Jerome Powell as Federal Reserve chair, seeking a more compliant central bank leader amid ongoing tensions over monetary policy independence.
TSB is offering new customers up to £255 in cash, cashback and vouchers for switching to their Spend & Save account. The deal includes £150 upfront cash, monthly rewards and an Amazon voucher.
A banking expert has told MPs that auto-enrolment payroll savings could transform Britain's savings crisis, as new ISA rules and tax changes loom for 2027.
NatWest has confirmed plans to close 32 additional branches nationwide, citing shifting customer demand toward online banking. The closures affect locations from London to Halifax.
President Donald Trump has announced Kevin Warsh as the next chair of the Federal Reserve, succeeding Jerome Powell. At 35, Warsh becomes the youngest person ever to hold this pivotal economic role.
Mahesh Aditya, currently group chief risk officer at Banco Santander, will become chief executive of Santander UK on March 1, replacing Mike Regnier as the bank prepares to integrate TSB following a £2.65 billion acquisition deal.
Donald Trump is set to announce his nominee for US Federal Reserve chair, with speculation favouring Kevin Warsh, as tensions over interest rate policy and institutional independence intensify.
Mahesh Aditya, currently group chief risk officer at Banco Santander, will become chief executive of Santander UK on March 1, replacing Mike Regnier as the bank prepares to integrate TSB following a £2.65 billion acquisition deal.
Donald Trump is reportedly preparing to nominate former Federal Reserve governor Kevin Warsh as the next chair of the US central bank, a move seen as an attempt to influence monetary policy.
Ford and General Motors receive conditional FDIC approval to operate their own banks, potentially reshaping auto financing amid rising vehicle prices and longer loan terms.
The Criminal Cases Review Commission has referred five former bankers' rate-rigging convictions to the Court of Appeal following landmark Supreme Court rulings.
Cash access body Link has recommended four new banking hubs, bringing its total recommendations to 250, as Santander confirms plans to close 44 branches across the UK.
Lloyds Banking Group CEO Charlie Nunn warns AI will radically change customer experience in finance, requiring staff to reskill while acknowledging potential job reductions in some areas.
Nationwide leads current account switches with 41,450 new customers, while Santander loses nearly 20,000. Over a million switched in 2025, driven by cash incentives and competitive offers.
Santander UK is closing 44 branches, risking nearly 300 jobs, as it prepares for a £2.6bn takeover of TSB, citing a shift to digital banking and regulatory delays.
Cash access body Link has confirmed four new banking hub recommendations, bringing its total to 250, as Santander announces 44 branch closures across the UK.
Lloyds Banking Group has announced a 12% increase in pre-tax profits to £6.66 billion for 2025, despite setting aside £968 million for remediation costs, primarily for mis-sold car finance compensation.
Santander confirms 44 more UK bank branch closures, putting 291 jobs at risk, as digital banking now accounts for 96% of all transactions.
Santander announces closure of 44 UK bank branches, putting 291 jobs at risk, as digital banking shift accelerates. The move follows last year's 95 branch closures.
Lloyds Banking Group has announced a 12% rise in annual pre-tax profits to £6.66 billion for 2025, overcoming significant motor finance compensation costs of nearly £1 billion.
Santander announces the closure of 44 UK bank branches, impacting 291 jobs, as the bank cites a major shift towards digital banking services.
Santander has revealed plans to shut 44 branches across the UK, putting 291 jobs at risk as part of a significant restructuring of its physical store network.
Santander has revealed plans to shut 44 bank branches across the UK as part of a major network shake-up, putting 291 jobs at potential risk in communities nationwide.
ANZ customers are experiencing severe financial hardship after a technical outage delayed salary payments, leaving many unable to pay rent and bills, with the bank facing backlash for inadequate communication.
Current account switching surpassed one million for the third consecutive year in 2025, with Nationwide Building Society attracting over 41,000 customers in one quarter alone through competitive offers.
The Federal Reserve paused interest rate cuts, keeping them at 3.5%-3.75%, despite intense pressure from the Trump administration and a criminal probe into Chair Jerome Powell.
The Federal Reserve is poised to maintain current interest rates despite President Trump's demands for cuts, citing stable economic growth and persistent inflation above target levels.
German prosecutors have conducted raids at Deutsche Bank offices in Frankfurt and Berlin as part of a money laundering investigation targeting unknown employees and foreign business relationships.
Deutsche Bank has unveiled a significant restructuring strategy, including the elimination of 3,500 jobs globally, as part of efforts to reduce costs and enhance profitability.
German prosecutors have raided Deutsche Bank offices in Frankfurt and Berlin as part of a money laundering investigation connected to sanctioned Russian oligarch Roman Abramovich.