Metro Bank secures £925m rescue package
Metro Bank has finalised a £925 million rescue package, including £325 million in new capital and £600 million in debt refinancing, to stabilise its operations and reassure customers.
Category : Banking
Brooklyn Mirage files Chapter 11 after shootings
The renowned Brooklyn Mirage nightclub has filed for Chapter 11 bankruptcy following a series of violent incidents, including a fatal shooting, raising concerns over safety and financial stability.
Bank switching hack saves £1,000 a year
A simple banking trick could help UK savers pocket an extra £1,000 annually—here's how switching accounts boosts your balance effortlessly.
Neil Woodford fined £2.5m over fund collapse
Former star fund manager Neil Woodford and his investment firm have been fined millions for misleading investors and mismanaging funds, marking a dramatic fall from grace.
Nationwide alters savings rules affecting thousands
Nationwide Building Society has announced a major change to its savings account rules, affecting thousands of customers. Find out how this could impact your money.
Tesla gives Musk $30bn share award
Elon Musk secures a colossal $30bn share package from Tesla's board, marking one of the largest executive payouts in corporate history.
Nationwide’s scam warning after customer loses £1,000
Nationwide has issued a warning after a customer lost £1,000 in a sophisticated scam. Here’s how to protect yourself from fraudsters.
FCA cracks down on misleading financial promotions
The Financial Conduct Authority (FCA) has issued new warnings to financial firms over misleading promotions, with 450 alerts issued in just three months. Learn how this affects consumers and firms.
Lloyds reserves £450M over car finance scandal
Lloyds Banking Group sets aside £450 million amid an FCA investigation into unfair car finance commissions, causing shares to drop sharply.
Lloyds faces huge compensation over car finance scandal
Lloyds Banking Group has been ordered to establish a compensation scheme following a ruling on the car finance scandal, impacting shares and sparking market reactions.
KPMG UK Faces Backlash Over Bank Remarks
KPMG UK has come under fire after a senior executive made contentious remarks about banks, sparking outrage and calls for accountability. Here’s the full story.
UK Banks Lose £100bn as Savers Switch Online
Traditional banks in the UK have seen a staggering £100bn deposit exodus as customers switch to digital-first competitors offering better rates and convenience.
£18bn car loan compensation scheme unveiled
The UK's financial watchdog has unveiled a massive £18bn compensation scheme for consumers mis-sold car loans. Find out who's eligible and how to claim.
Bank of England holds rates at 5.25% amid inflation concerns
The Bank of England has kept interest rates unchanged at 5.25% for the sixth consecutive meeting, as policymakers weigh persistent inflation against economic growth risks. Governor Andrew Bailey signals cautious optimism but warns of lingering price press
Bank of England may cut rates amid economic pressures
The Bank of England may slash interest rates as unemployment rises and US tariffs under Trump threaten economic stability. Experts weigh in on the potential impact.
Yorkshire Water boss in offshore pay row
The CEO of Yorkshire Water faces backlash as millions paid to offshore parent company while customers struggle with soaring bills.
Brian Cox stars in 'Make It Happen' – a 2008 crisis musical
Brian Cox delivers a powerhouse performance in 'Make It Happen,' a gripping new musical exploring the 2008 financial crash and the downfall of RBS's Fred Goodwin. Now showing at Edinburgh's Festival Theatre.
Nationwide pays £760 to loyal customers
Nationwide Building Society is rewarding its members with a £760 payout. Find out if you qualify for this windfall and how the mutual bank is sharing its profits.
Brian Cox slams 'odious' bankers in fiery speech
Renowned actor Brian Cox has launched a scathing attack on Britain's banking elite, branding them as 'odious' and calling for greater accountability in the financial sector.
Supreme Court backs FCA in financial promotions case
The UK Supreme Court has ruled in favour of the Financial Conduct Authority in a high-profile case against legal firms over unauthorised financial promotions.
Supreme Court backs FCA in lawyers' case
The UK Supreme Court has upheld the Financial Conduct Authority's authority in a significant case involving legal professionals, reinforcing regulatory oversight in the financial sector.
Supreme Court upholds FCA powers in landmark case
The UK Supreme Court has ruled in favour of the Financial Conduct Authority (FCA) in a high-profile case, reinforcing its regulatory powers over financial disputes.
Barclays, HSBC Exit Net Zero Banking Alliance
Two of the UK's largest banks, Barclays and HSBC, have exited the Net Zero Banking Alliance, raising concerns about the future of sustainable finance commitments.
UK Banks Sever Ties with Trump After Capitol Unrest
Barclays, HSBC, and other leading UK banks have severed financial ties with Donald Trump in the wake of the US Capitol unrest. Discover the implications for Trump’s business empire.
Debit card warning after woman loses £980 in banking error
A savvy shopper shares her shocking experience after a simple debit card transaction left her £1,000 out of pocket – and how you can avoid the same fate.
Bank of England holds interest rates at 5.25%
The Bank of England has kept interest rates unchanged at 5.25% for the seventh consecutive meeting, as inflation remains stubbornly high. Experts weigh in on what this means for mortgages, savings, and the UK economy.
Nationwide cuts mortgage rates after BoE decision
Nationwide Building Society has reduced mortgage rates following the Bank of England's decision to hold interest rates steady, offering relief to borrowers.
Trump's banking alliance may boost your finances
Former President Donald Trump's unexpected collaboration with a top banking executive may signal positive changes for consumers and the financial market. Discover what this means for your money.
Supreme Court rules against FCA in landmark case
The UK Supreme Court has overturned a decision by the Financial Conduct Authority, marking a significant legal precedent for financial regulation.
Trump meets Jamie Dimon amid Fed speculation
Donald Trump reportedly held a private meeting with JPMorgan Chase CEO Jamie Dimon, sparking rumours about potential changes at the Federal Reserve.
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