Santander closes 44 UK branches, 291 jobs at risk
Santander announces the closure of 44 UK bank branches, impacting 291 jobs, as the bank cites a major shift towards digital banking services.
Category : Banking
Santander to Close 44 UK Bank Branches
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 to Close 44 UK Branches, 291 Jobs at Risk
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 Payment Outage Leaves Customers Without Wages
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.
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Nationwide Tops Current Account Switching in 2025
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.
Fed Holds Rates as Trump Pressures Powell
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.
Fed to Hold Rates Despite Trump Pressure
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.
Deutsche Bank Raided in German Money Laundering Probe
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 to Cut 3,500 Jobs in Restructuring Plan
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.
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Deutsche Bank Raided in Abramovich Money Laundering Probe
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.
Nationwide Updates on £175 Bonus and Future Payments
Nationwide Building Society has issued guidance on its current £175 switching incentive and provided insight into potential future bonus schemes for members in 2026.
Martin Lewis £200 Bank Account Alert for Couples
Money expert Martin Lewis highlights Santander Edge joint account with £200 switching bonus and cashback perks, advising couples on managing finances independently.
Co-op Bank Offers £175 Switching Bonus to New and Existing Customers
The Co-operative Bank has reintroduced a £175 cash incentive for account switchers, offering £100 upfront plus £25 monthly payments for three months, alongside access to a 7% AER Regular Saver.
BBC Expert's £12,500 Savings Alert on ISAs
BBC finance expert Iona Bain warns savers with £12,500 that ISAs may not be beneficial due to Personal Savings Allowance and lower interest rates.
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Commonwealth Bank of Australia Hit by Major Digital Outage
The Commonwealth Bank of Australia experienced a significant digital outage, disrupting online banking, mobile app services, and ATM transactions for customers across the country.
TD Bank Closes 51 Branches in 13 States for Digital Focus
TD Bank announces the closure of 51 branches across 13 US states, primarily on the East Coast, as part of a strategy to reduce its retail footprint by 10% and boost digital banking services.
Nationwide May Date for £100 Customer Payments
Nationwide Building Society will announce in May whether millions of members will receive another £100 Fairer Share Payment, with eligibility criteria to be confirmed.
Santander's £20 Alert: Bank Urges UK Customers to Invest
Santander has issued a £20 investment alert to UK customers, promoting affordable entry into funds with expert-managed portfolios and risk warnings.
Fresh Food Inflation Hits 4.4% as Retailers Blame Costs
UK shop price inflation accelerated to 1.5% in January, with fresh food inflation reaching 4.4%. Retailers cite energy costs and national insurance increases as key drivers.
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Nationwide Explains Payment Rules After Fraud Alert
Nationwide Building Society has detailed its payment procedures and timelines following a customer's fraud alert issue, while also highlighting a £175 switching incentive.
Bank of Scotland Fined £160k Over Sanctions Breach
Bank of Scotland has been fined £160,000 by the UK's sanctions watchdog for opening an account and processing payments for a sanctioned Russian ally of Vladimir Putin, Dmitrii Ovsiannikov.
Bank of Scotland Fined for Russian Sanctions Breach
Bank of Scotland fined £160,000 by OFSI for processing payments for a sanctioned British citizen, highlighting UK enforcement of Russia sanctions.
Bank of Scotland fined for Russian sanctions breaches
Bank of Scotland has been fined £160,000 by UK authorities for processing 24 payments totalling £77,383 for a sanctioned individual, highlighting ongoing enforcement of Russia sanctions.
Bank of Scotland fined £160k for Russia sanctions breaches
Bank of Scotland has been fined £160,000 by the UK's Office of Financial Sanctions Implementation for processing 24 payments totalling £77,383 to or from a sanctioned individual's account.
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Nationwide Explains Account Closure Rules for 2026
Nationwide Building Society has informed members about potential account closures in 2026, detailing reasons including fraud, misuse, and inactivity, plus procedures for handling remaining funds.
Nationwide's Cash Machine Rules: Daily Limits Explained
Nationwide Building Society has introduced strict daily limits for cash deposits and withdrawals at its machines, with caps set at £2,500 for deposits and £500 for withdrawals.
Minister Accused of Ignoring £2bn Car Finance Tax Loophole
City Minister Lucy Rigby faces criticism for appearing to dismiss concerns about a £2bn tax loophole that benefits major banks involved in the £11bn car finance scandal.
UK Banks Roll Out Instant Call Checkers to Fight Fraud
UK banks including Barclays, Nationwide, and Monzo have introduced rapid call verification features to help customers instantly confirm if a call is genuine, as fraudsters pose increasing threats.
Lloyds Bank's Fastest Way to Save Money Explained
Lloyds Bank shares expert financial advice on the quickest methods to build savings, including tips on lifestyle changes, using calculators, and managing subscriptions effectively.
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Bank Switching Bonus: Why I Won't Do It Again
A personal account of switching banks for a cash incentive, the process using CASS, and why loyalty payments from Nationwide made further switches unnecessary.
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