Banks could do more to support debanking victims, FCA finds September 4, 2024 The Financial Conduct Authority (FCA) has said banks could do more to support those who want an account, after finding that several providers could make it easier to apply for one. A new FCA report has urged banks to increase awareness of basic accounts that allow people to make and receive payments but do not [...]
Banks’ fraud loss coverage reportedly to drop to £85,000 after industry backlash September 3, 2024 The maximum fraud losses banks are obliged to cover is set to drop to £85,000, down from a planned £415,000, according to a report.
Lloyds Bank and Nationwide hit by online issues as Microsoft reports outage September 2, 2024 Lloyds Bank and Nationwide have apologised to customers for issues affecting their online services amid a report from Microsoft about a fresh outage that affected its public cloud computing platform.
Santander launches £1.3bn share buyback under new payout scheme August 27, 2024 Santander has launched a share buyback for up to €1.5bn (£1.3bn) as the banking giant fulfills its promises to boost investor payouts.
Bank of England chief Andrew Bailey ‘looking forward’ to serving for another four years August 4, 2024 Andrew Bailey has vowed to stay on for the duration of his eight-year term despite several calls for his resignation.
Lloyds Bank profit slides as interest rate boom slows July 25, 2024 Lloyds Banking Group recorded a slide in profit in the first half of the year after a surge in costs and a slowdown in the amount of cash it was making on the back of interest rates. The group – which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows – reported a pretax [...]
Investec sets aside £30m for FCA motor finance review May 23, 2024 London-listed South African banking group Investec has set aside £30m to cover potential costs from a City regulator probe into unfair car loans that could leave the motor finance industry on the hook for billions in compensation fees.
Arbuthnot: Historic bank posts steady lending growth this year after bumper 2023 May 22, 2024 Arbuthnot Banking Group has reported steady loan and deposit growth in 2024 as it continues to benefit from higher interest rates.
Competition watchdog: Nationwide PPI failures were due to how ‘systems were set up’ May 16, 2024 The competition regulator has written to Nationwide after it was revealed it provided incorrect information to payment protection insurance customers
Santander hit by data breach affecting customers and staff May 14, 2024 Spanish bank Santander has said data managed by an external party was recently accessed without permission, affecting some of its clients and all of its current staff.