CBA Cuts 300 Australian Jobs, Expands India Hiring
Commonwealth Bank has eliminated approximately 300 positions in Australia despite posting $5 billion in profits, while simultaneously increasing its workforce in India by 21%.
Category : Banking
Premium Bonds Prize Fund Cut and Odds Worsen from April
National Savings and Investments reduces Premium Bonds prize rate to 3.3% and lengthens odds to 23,000:1, cutting higher-value prizes. Experts advise comparing with tax-free ISAs.
Topo Chico US Shortage Could Last Months, Return Expected July
Topo Chico mineral water will be temporarily unavailable in the US for months as Coca-Cola upgrades production facilities and water sources in Mexico, with a return expected around July.
Vinted March Goldmine: 3 Non-Clothing Items to Sell
A top Vinted seller reveals three highly sought-after items to list in March for maximum profit, including seasonal decor and layering pieces beyond just clothing.
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Lloyds Bank Explains Payment Block Procedures and Fees
Lloyds Bank has detailed its security protocols for temporarily blocking payments and addressed customer complaints over fees, offering guidance on resolution channels.
Lloyds Bank Offers £500 Bonuses and Cashback for Switchers
Lloyds Bank launches new switching incentives offering up to £500 cash plus cashback on savings and investments, intensifying competition among UK banks.
Santander Alert: Money Mule Scams Risk Account Closures
Santander warns customers about money mule scams targeting young adults, with 31% of cases involving 18-24 year olds. The bank highlights severe consequences including criminal records.
Standard Chartered Profits Soar on Wealth Demand
Standard Chartered reports a $7 billion pre-tax profit for 2025, driven by a 24% surge in wealth income and 15% growth in global banking. CEO Bill Winters' pay rises to £12.7 million amid geopolitical trade shifts.
Lloyds Bank Explains How Account Fees and Charges Work
Lloyds Bank has responded to customer concerns over fees, detailing how charges vary by account type and usage, including regular monthly fees and transaction costs.
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Lloyds Banking Group Axes Post Office Cheque Deposits for Millions
Lloyds Banking Group has removed cheque deposit services at Post Offices for its 28 million customers, amid ongoing branch closures and a shift to digital banking alternatives.
CBA's Fixed-Rate Move Hints at Triple RBA Hikes, Defying Forecasts
Analysis reveals Commonwealth Bank's 0.7% fixed-rate increase for owner-occupier loans suggests expectations of three RBA hikes, contradicting its official forecast of just one rise in May.
Lloyds Bank £50 Referral Bonus: How to Claim Payments
Lloyds Bank explains how customers can earn up to £250 per year through its referral scheme, with steps to claim £50 bonuses and resolve payment issues.
Brits Owed Thousands from Mis-Sold Bank Accounts
Money Saving Expert reveals that many Brits may have been mis-sold packaged bank accounts, potentially entitling them to thousands in refunds. Learn how to check eligibility and claim back fees plus interest.
JPMorgan Confirms Closing Trump Accounts Post-Jan. 6
JPMorgan Chase has acknowledged for the first time that it closed Donald Trump's bank accounts following the January 6 Capitol attack, as revealed in a court filing for his $5 billion lawsuit alleging political debanking.
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JPMorgan Confirms Closing Trump Accounts After Jan. 6
JPMorgan Chase has acknowledged for the first time that it closed Donald Trump's bank accounts following the January 6 Capitol attack, as revealed in a $5 billion lawsuit filed by the former president.
Robot Slicers and Smart Kitchens: GDK's Strategy for Survival
German Doner Kebab is deploying robotic kebab-shavers, self-service screens, and loyalty apps to tackle labour costs and attract Gen Z diners amid a challenging high street environment.
UK Banks Offer Up to £400 in Switch Bonuses
High street banks like HSBC, Barclays, and Santander are providing cash incentives of up to £400 for customers who switch accounts, with eligibility criteria including minimum deposits and Direct Debit requirements.
UK Contactless Payment Rules Change in March 2026
New FCA rules from March 19, 2026, allow UK banks to raise contactless limits above £100. Defaqto analysis reveals only 42% of banks currently let customers set their own limit.
Lloyds Bank: 40-Day Warning for £250 Account Switch Payment
Lloyds Bank has issued a detailed update regarding its £250 switching incentive, clarifying that payments may take up to 40 days to reach eligible customers who completed the process by the February 3 deadline.
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Fewer Than Half of Banks Let Customers Set Contactless Limits
A Defaqto study shows only 42% of UK banks and building societies allow customers to set their own contactless card limits ahead of new FCA rules. Experts urge consumers to choose providers with robust in-app controls for better money management.
Banker's Sentence Halved Over False Harassment Claims
Damilare Ajao, a former Commerzbank employee, had his 20-month sentence for contempt of court reduced to eight months after appeal judges found sentencing guidelines were misapplied.
Nationwide Explains Legal Changes Before July Deadline
Nationwide Building Society has detailed upcoming legislative changes affecting its funding limits, which could unlock billions for mortgages and business loans. MPs will consider the new regulations before the summer recess.
Sydney Mum Sues Bank Over $44 Credit Rating Mistake
A Sydney mother took Westpac to court after a $44 debt led to a wrongful bad credit rating, scuttling her property purchase. The judge criticised the bank's handling.
NatWest's £150 Bank Switch Offer vs Competition
NatWest offers £150 to switch current accounts, plus a 7% regular saver. We compare it to Santander, Nationwide, and others to help you maximise your money.
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Bank of Ireland UK Fined £3.7m for Late Fraud Tool
The Payment Systems Regulator has fined Bank of Ireland UK £3.7 million after it implemented a crucial anti-fraud system over a year late, leaving £6.9 billion in payments unprotected.
Goldman Sachs Scraps Diversity Factors in Board Hiring
Goldman Sachs has removed race, gender identity and sexual orientation from board candidate criteria following conservative activist pressure, joining a broader corporate retreat from DEI initiatives.
Martin Lewis: Top Bank Accounts for Free £200 and Perks
Money Saving Expert founder Martin Lewis explains how switching to packaged bank accounts can earn you up to £200 free cash plus valuable insurance benefits.
Goldman Drops Race, Gender from Board Hiring Criteria
Goldman Sachs will no longer consider race, gender identity, ethnicity or sexual orientation when hiring board members, marking a significant retreat from DEI initiatives following pressure from conservative groups and the Trump administration.
UK Banks Plan Payments System Over Trump Security Fears
Major UK banks are developing a national payments system to reduce reliance on US networks like Visa and Mastercard, driven by concerns over potential disruptions from US political actions.
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UK Banks Plan National Payment System Over Trump Fears
Britain's largest banks are developing a domestic payments network to reduce reliance on US-based Visa and Mastercard, driven by concerns over potential disruption under a Trump administration.
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