Odey Denies Harassment Claims, Fights FCA Ban in Court
Hedge fund tycoon Crispin Odey testified he cannot recall telling a female employee 'I could attack you now' as he battles a regulatory ban over sexual harassment allegations.
Category : Banking
Oil Market Bets Before Trump's Iran Peace Talks Post Spark Probe
A surge in oil futures trading minutes before Donald Trump announced Iran peace talks has triggered insider trading concerns. Lawmakers demand investigation into $1.5 billion market movement.
McDonald's KPop Demon Hunters Menu Launch with Netflix
McDonald's partners with Netflix to launch limited-edition KPop Demon Hunters meals and McFlurry, available from March 31 in the US following the Big Arch burger introduction.
Bank of London Fined £2m for Misleading Regulator
The Prudential Regulation Authority has issued a £2 million fine to The Bank of London and Oplyse Holdings for integrity failures and misleading financial disclosures, marking a first-of-its-kind penalty in UK banking oversight.
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Revolut Profits Hit £1.7bn as AI and Crypto Pose Risks
Revolut reports a 57% profit surge to £1.7bn in 2025, adding 16 million customers globally, but warns of backlash over energy-intensive AI and crypto support.
HSBC Premier £750 Cashback Bonus for New Account Switchers
HSBC UK has launched a new Premier Bank Account deal offering up to £750 in cashback for eligible customers who switch via the Current Account Switch Service.
UK Bank Fined £2 Million for Misleading Financial Watchdog
The Bank of London and its parent company have been fined £2 million by the PRA for failing to act with integrity and misleading regulators about their financial position.
UK Banks Offer £100-£500 Cash for Account Switching
Barclays, Lloyds, NatWest, Santander, First Direct, and Co-op Bank are providing cash incentives of £100 to £500 to attract new customers. Experts highlight the benefits and criteria for these current account switch deals.
Bank of London fined £2m for misleading banking watchdog
The Prudential Regulation Authority has imposed a £2 million penalty on the Bank of London and its parent firm for failing to act with integrity and misleading the regulator about its capital position.
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Revolut Hits Record £1.7bn Profit, Aims for 100m Customers
Digital bank Revolut announces a record pre-tax profit of £1.7 billion, with a 30% surge in global customers to 68.3 million. The fintech giant secures a UK banking licence and targets 100 million customers by mid-2027.
Revolut Hits Record £1.7B Profit, Aims for 100M Customers
Fintech giant Revolut announces record annual profits of £1.7 billion alongside a 30% customer growth surge, as it secures full UK banking licence and targets 100 million global customers by mid-2027.
Nationwide Explains Account Updates and Branch Policy
Nationwide Building Society has detailed its procedures for account changes, stating joint accounts may take up to seven days to appear online. The mutual also reaffirmed its pledge to keep all branches open until at least 2030.
Halifax Closing 28 Branches in May and June Across UK
Halifax is closing 28 branches across the UK in May and June as part of Lloyds Banking Group's wider closure plan, impacting cities like London, Manchester, and Cardiff.
Mortgage Market Hit by Rate Rise Fears, Moneyfacts Warns
Financial markets predict four Bank of England rate hikes this year, driving up mortgage costs and causing product withdrawals, with analysts divided on the likelihood.
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Martin Lewis: Act Now as Zero Banking App Closes All Accounts
MoneySavingExpert warns customers of the Zero Sustainable Money App to withdraw funds immediately as the fintech startup ceases trading and closes all accounts by March 31.
Zero Banking App Stops Trading, Customers Must Move Money
Fintech app Zero has ceased trading, urging 21,500 customers to withdraw funds by March 31. The sustainable banking service failed to secure additional funding.
Nationwide Offers Up to £650 Free Cash for ISA Transfers
Nationwide Building Society is offering new and existing customers the chance to earn over £650 on average by transferring funds into fixed-rate cash ISAs with rates up to 4.25%.
FCA Investigates MFS Over £1.3bn Mortgage Scandal
The Financial Conduct Authority has opened an enforcement investigation into Market Financial Solutions following its collapse and a £1.3bn worldwide asset-freeze against founder Paresh Raja.
Banks Pay $400m to Epstein Victims, Sparking Cover-Up Claims
JPMorgan Chase, Deutsche Bank, and Bank of America have settled lawsuits totalling $400m with Jeffrey Epstein's victims, raising questions about what the financial giants are concealing.
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Savers Face £430 'Loyalty Penalty' in ISA Season
New analysis reveals savers could lose hundreds by not switching accounts, with top ISA rates now exceeding 4.6% while average closed accounts pay just 2.51%.
Nationwide Explains Online Account Card Renewal Process
Nationwide Building Society has addressed customer confusion over online account details showing new cards before physical arrival, explaining its renewal timeline and savings initiatives.
Nationwide Explains Payment Rules After Customer Query
Nationwide Building Society has detailed its Faster Payments Service timelines after a customer raised concerns about delayed funds. The society advises contacting their banking team if transfers exceed two hours.
Hargreaves Lansdown IT Outage Halts Customer Trades
Hargreaves Lansdown, a major UK investment platform, apologises for a significant IT outage locking customers out of accounts during critical financial market fluctuations.
FCA Scrutinises Later Life Mortgages for Retirement Security
The Financial Conduct Authority launches a market study into later life mortgages, warning 43% undersave for pensions and housing wealth may be crucial for retirement comfort.
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Nationwide Launches Access Guides for All 605 UK Branches
Nationwide Building Society introduces detailed accessibility guides across its entire branch network, partnering with AccessAble to support disabled customers with clear access information before visits.
Lloyds Bank Clarifies Payment Process After Duplicate Debit
Lloyds Bank has issued guidance on handling duplicate direct debit payments, following a customer report of a double charge. This comes after a recent IT glitch allowed users to view others' transactions.
Mortgage Deals Pulled Amid Middle East Conflict Inflation Fears
Over 500 UK mortgage deals withdrawn as Iran conflict sparks inflation concerns, pushing average two-year fixed rates above 5% for the first time since August.
US Moves to Soften Bank Capital Rules, Aiding Major Financial Institutions
Federal Reserve officials are expected to vote on lowering capital requirements for major US banks by up to 7.7%, marking a significant shift in post-2008 financial regulations and drawing criticism from Senator Elizabeth Warren.
JP Morgan Uses AI to Track Junior Banker Hours for Wellbeing
JP Morgan Chase has launched a pilot scheme comparing computer-generated estimates of junior bankers' work hours with self-reported timesheets, aiming to enhance transparency and wellbeing without enforcement.
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Hargreaves Lansdown IT Outage Halts Customer Transactions
Hargreaves Lansdown faces technical issues, preventing customers from accessing accounts and making trades during a period of high financial market volatility.
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