Breaking News, World Updates & Headlines
Breaking News, World Updates & Headlines
Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 yearsThe UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.The plans, pu…
Read MoreEquating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profitsBusiness live – latest updatesBarclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by adva…
Read MoreUnion furious as bank scraps remote-first policy from February 2027, forcing all UK employees to come in at least twice a weekNatWest has ordered 13,000 staff to increase their in-office days from two days a month to two days a week, angering its staff…
Read MoreUK banking company insists customers’ funds and data are safe despite problems with sign-in, card payments, transfers and withdrawalsBusiness live – latest updatesRevolut customers have been unable to access their money after the banking app went down,…
Read MoreConcerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profitsThe Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.The Bank’s regulat…
Read MoreSupporters of planned tax, however, say banks were bailed out by taxpayers during financial crisis and can afford to pay more nowJohn Healey poised to raise taxes on banks in budgetThe International Monetary Fund has urged John Healey to target savings…
Read MoreExclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public financesJohn Healey is poised to tax Britain’s banks in his 28 October budget to help offset the damage inflicted on the public finances by wa…
Read MoreMove comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offenderUS lawmakers have unveiled a new bill to hold Wall Street’s “Epstein-connected” bosses to account for helping finance the late sex offende…
Read MoreThird largest fine in US treasury’s history, due to failure to report suspicious activity, may affect third-quarter earningsBank of America (BAC.N), has been fined $1.21bn by US regulators for widespread failures to detect potential money laundering a…
Read More‘Round-up’ pricing in items such as coffee suggests increases are exceeding the typical 1.5% surcharge feeFollow our Australia politics live blog for latest updatesGet our breaking news email, free app or daily news podcastBusinesses are using the rece…
Read MoreFormer City banker becomes eighth to clear their name, just days after five others were acquittedFormer City trader Christian Bittar has become the eighth person to have his conviction for rigging interest rates quashed, just days after five other form…
Read MoreEye-watering sum, to be split between 20 bankers, is one of the biggest payouts in the bank’s historyTop bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street…
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