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The Latest Breaking News on Financial Services

Barclays follows HSBC in exit from banking industry’s net zero alliance

US banks have already pulled out of NZBA, the UN environment programme’s finance initiative

The Guardian - UK

Barclays becomes second UK bank to quit industry’s net zero group

The lender joins the growing trend after US banks starting leaving the Net Zero Banking Alliance ahead of Donald Trump’s inauguration.

The Independent UK

‘Shame on them’: Standard Chartered CEO decries banks that drop climate pledges

Bill Winters criticises those that have rowed back on green commitments or have gone quiet amid political pressure

The Guardian - UK

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Uniqlo store's historic colonial ties uncovered by Scottish university research

A SCOTLAND-BASED lecturer who has worked with a French Uniqlo store to install an information plaque on colonialism in their building is urging…

The National (Scotland)

Smart Ways to Save Money at Museums

Want to save money at museums, art galleries, zoos and gardens? Use these tips to get free or discounted admission to national and local collections.

Kiplinger

London Court Rules Oligarch Liable Over $1.9 Bn Ukraine Loan Scheme

The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.

International Business Times

Santander axes 2000 jobs and warns more cuts are possible

High street lender Santander UK revealed it has axed over 2,000 jobs and warned more roles may need to be cut as part of an ongoing overhaul.

The National (Scotland)

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HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

International Business Times

HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth

Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget

The Guardian - UK

Major bank slashes thousands of jobs in company overhaul

Santander reported a 5 per cent decline in pre-tax profits, reaching £764 million for the first six months of 2025

The Independent UK

Barclays joins rival in cautioning against hiking bank taxes

The lender’s boss said raising taxes for banks and other important sectors was not consistent with the Government’s pro-growth aims.

The Independent UK

Nationwide building society’s members deserve real votes

Governance needs overhaul after there was no vote on Virgin Money takeover and vote on CEO’s £7m pay was only advisory

The Guardian - UK

How To Invest In JPMorgan Stock For One-Sixth Of The Price

Investors who think JP Morgan stock will continue to rally and don’t want to risk significant capital can use long call options rather than buy the stock outright.

Investors Business Daily

NatWest investors given £1.5bn weeks after full privatisation

Profits rise 4.4% at lender, which plans to distribute interim dividend of 9.5p a share on top of fresh £750m buyback

The Guardian - UK

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The Guardian - US

‘Wells Fargo is complicit’: seven arrested at climate protests outside bank’s offices

Activists launch civil disobedience campaign in New York and San Francisco after company dropped climate vows

AAP

Bank hit with first strike as shareholders push back

Shareholders in Australia's largest investment bank have expressed their concerns over the firm's pay report, resulting in Macquarie's first-ever strike.

International Business Times

UniCredit Boosts Outlook After Walking Away From Banco BPM

Italy's UniCredit posted a sharp rise in quarterly profit on Wednesday despite lower revenues, a day after it withdrew its offer for smaller rival Banco BPM due to government interference.

The Independent UK

British Business Bank returns to profit amid further investments

It is the first profit the bank has delivered since 2022 after the valuation of firms it invested in were impacted by challenging economic conditions.

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Investors Business Daily

Icici Bank, HDFC Face Key Test As Margins Challenge India Bank Earnings

HDFC, Icici bank earnings come as India's banks struggle with margin pressures. They preface a group of foreign bank reports due next week.

The Guardian - AU

Monique Ryan to bring private member’s bill to lower voting age – as it happened

This blog is now closed

The Guardian - UK

Anger over Santander charging for business accounts it said would be ‘free for ever’

Exclusive: Thousands of small business owners face charges of £9.99 a month from October despite previous written guarantee

AAP

Former bank exec accused of grooming girls found dead

Days after a court appearance, a former bank executive accused of "terribly serious" offending has been found dead on the Gold Coast, police have confirmed.

The Guardian - UK

Rachel Reeves warned by City grandees not to weaken banking safeguards

Chancellor’s plan to slash red tape could raise financial risks and do little to help households, say architects of UK’s post-2008 reforms

The Guardian - UK

Diageo CEO Debra Crew steps down; UK inflation rises to 18-month high of 3.6% – as it happened

Crew leaves after investor disquiet over company’s lacklustre performance; UK food prices rise most since February 2024 but economists still expect August rate cut

AAP

Cafes, small businesses fear brunt of surcharge cut

The dreaded $6 line for a coffee could soon become reality for cafe owners after a proposal to scrap card surcharges could force fees to pass on to customers.

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