Millionaire banker dies in wellness retreat accident
A 43-year-old millionaire banker has died following a bizarre accident at a high-end wellness resort, leaving the financial world in shock.
Category : Banking
Goldman Sachs shifts from London to EU post-Brexit
Goldman Sachs is relocating key operations from London to the EU following Brexit, signalling a broader trend of financial sector migration and its impact on the UK economy.
City traders cleared in rate-rigging appeal
Two former City traders have had their convictions for rigging key financial rates quashed by the Court of Appeal, marking a dramatic turn in a long-running legal saga.
Tom Hayes cleared in Libor-rigging case
Tom Hayes, the ex-UBS and Citigroup trader, has had his conviction for Libor manipulation overturned in a major legal reversal.
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UK ATMs disappearing as cash use declines
With the rise of digital banking, ATMs across the UK are disappearing at an alarming rate. What does this mean for cash users and local communities?
HSBC fined £6.2m over deposit protection failures
HSBC has been hit with a £6.2 million fine by the Financial Conduct Authority for failing to protect customer deposits adequately. The bank's errors affected over 99% of eligible accounts.
Supreme Court backs Barclays and UBS in banking case
The UK Supreme Court has delivered a decisive ruling in favour of Barclays and UBS, overturning a previous Court of Appeal decision that could have exposed banks to billions in compensation claims.
NatWest changes rules for benefit claimants
NatWest has revealed a significant update affecting benefit claimants, aiming to simplify banking processes. Here's how it impacts you.
Mike Lynch ordered to pay HP £700m in Autonomy case
Tech entrepreneur Mike Lynch must pay HP £700m after a UK court ruled against him in the high-profile Autonomy fraud case. The verdict marks a pivotal moment in one of Britain's biggest corporate scandals.
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Bank warns ATMs could fail in crisis - keep cash
The Bank of England has issued a stark warning that cash machines and card payments could stop working in a major crisis, urging the public to keep some physical money as a backup.
Reeves and Bailey clash over banking rules
Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey are at odds over proposed banking regulations, sparking debate on financial stability and economic growth.
Wells Fargo banker blocked from leaving China
A senior Wells Fargo executive was reportedly prevented from departing Beijing, highlighting escalating US-China tensions over financial regulations.
FCA warns banks and insurers over customer protection
The Financial Conduct Authority has issued a stark warning to banks and insurers, demanding immediate improvements in how they treat vulnerable customers and handle complaints.
Bank of England and FCA announce new financial rules
The Bank of England and Financial Conduct Authority introduce stricter regulations to safeguard consumers and enhance financial stability.
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Barclays introduces new banking fees - what you'll pay
Barclays has announced new fees for certain banking services, affecting millions of customers. Find out how these changes could impact your finances.
Bank warns of rising ATM fees amid inflation
The Bank of England has raised concerns over increasing ATM withdrawal fees as inflation pressures mount, leaving consumers facing higher costs for accessing cash.
Federal Reserve unveils $2bn HQ renovation plans
The US Federal Reserve has unveiled ambitious renovation plans for its headquarters, sparking debate over costs and necessity in a challenging economic climate.
TSB offers £310 bonus for new customers
TSB is offering a £310 cash bonus to customers who switch to its Spend & Save or Spend & Save Plus accounts. Find out eligibility criteria and how to apply.
Steward Health Care bankrupt as CEO faces lawsuit
Steward Health Care has filed for bankruptcy while its CEO, Ralph de la Torre, faces legal action over alleged financial misconduct. The crisis raises concerns over healthcare stability and corporate governance.
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Australia's cash dilemma: The sacrifices required to use physical money
As Australia edges closer to a cashless society, experts reveal the sacrifices citizens must make to continue using physical currency. Discover the challenges and potential solutions in this in-depth report.
Govt may nationalise Thames Water amid financial crisis
The UK government is reportedly considering placing Thames Water under special administration as the debt-laden utility faces potential collapse. Read more on the looming water crisis.
Nationwide CEO's £7m pay sparks outrage
Nationwide Building Society faces backlash as CEO's potential £7m pay package is revealed, raising questions over executive pay in challenging economic times.
Halifax warns of scam text surge targeting customers
Halifax has alerted customers to a surge in scam texts impersonating the bank, urging vigilance to avoid falling victim to fraud.
Banks cut deposit rates faster than RBA cuts
As savings surge among Australians, banks are reducing deposit interest rates at a quicker pace than the Reserve Bank’s official cash rate adjustments, squeezing returns for savers.
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Barclays £175 Bonus: Who Qualifies?
Barclays has clarified the eligibility rules for its £175 current account switching bonus. Find out if you qualify and how to claim the cash incentive.
Bank exec dies after child sex charges
A senior executive at Commonwealth Bank took his own life after facing charges of procuring children for sex. The shocking case has sent ripples through the banking community.
Odey Faces FT in High Court Defamation Clash
Hedge fund tycoon Crispin Odey is embroiled in a High Court clash with the Financial Times over alleged defamation, as the legal saga intensifies.
CBA shifts jobs to India amid record profits, cuts local staff
Australia's Commonwealth Bank is outsourcing hundreds of jobs to India while cutting local positions, despite posting record profits, sparking outrage among employees and unions.
Clive Palmer accused of hacking bank accounts
Australian billionaire Clive Palmer faces allegations of hacking into bank accounts, raising serious concerns over financial security and fraud.
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Federal Reserve building inspected amid Powell-Trump tensions
The Federal Reserve building faces an unprecedented inspection amid rising tensions between Chair Jerome Powell and former President Donald Trump. Discover the implications for US monetary policy.
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