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The Latest Breaking News on Financial Services

Banking industry’s net zero alliance shuts down amid faltering climate commitments

NZBA had nearly 150 members but banks began leaving when Trump was re-elected on promise to ‘drill, baby, drill’

The Guardian - UK

UN-backed Climate Banking Alliance Ceases Operations

The Net-Zero Banking Alliance, a UN-backed initiative seeking carbon neutral investments by banks, announced Friday its immediate shutdown -- at a time of faltering climate commitments in the United States and Europe.

International Business Times

Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’

Which’s analysis follows research finding that the world’s biggest banks significantly increased their fossil fuel finance in 2024.

The Independent UK

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Lloyds set to take control of Schroders wealth tie-up in ‘mass affluent’ push

The banking group is considering buying out Schroders’ 49.9% stake in Schroders Personal Wealth (SPW).

The Independent UK

Overheated share markets may risk financial meltdown

Australia's central bank warns overpriced stock markets, cyber threats and weakness in China threatens the nation's financial stability.

AAP

South London residents rally to save their community's last remaining bank

New Addington locals have taken to social media and signed petitions in opposition to the closure of the Lloyds branch

Evening Standard

South Carolina prosecutor seeks death penalty in murder case after Biden reduced sentence to life

A local prosecutor in South Carolina plans to seek the death penalty against a man whose federal death sentence for killing two bank employees was commuted to life in prison by President Joe Biden

The Independent UK

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If You'd Put $1,000 Into Bank of America Stock 20 Years Ago, Here's What You'd Have Today

Bank of America stock has been a massive buy-and-hold bust.

Kiplinger

Close Brothers slumps to loss amid write-downs and more compensation provisions

The firm revealed it tumbled to a pre-tax operating loss of £122.4 million for the year to July 31.

Evening Standard

Financial sector urged to shoot higher on climate risk

The global financial sector has been urged to prevent further backsliding on climate and to stop funnelling money into new fossil fuels in an open letter.

AAP

Interest rate decision to dominate economic agenda

Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold on Tuesday.

AAP

Will Donald Trump's Visa Crackdown Backfire? JPMorgan CEO Jamie Dimon 'Begs' POTUS Over 'Damaging' New H-1B Visa Rules

JPMorgan CEO Jamie Dimon has urged Donald Trump to reconsider a proposed $100,000 H-1B visa fee, warning that it could damage US competitiveness, drive jobs offshore, and restrict access to global talent.

International Business Times UK

Economy and tax worries holding back small business spending, Barclays warns

Business investment refers to spending on assets like buildings, machinery and intellectual property.

The Independent UK

Bank closures: All the Lloyds, BoS and Halifax branches that are shutting and when

All the latest branch closures will take place between January and October 2026

The Independent UK

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Evening Standard

Former Co-op Bank boss ordered to pay £184,000 or face more jail

‘Crystal Methodist’ Paul Flowers was jailed after defrauding an elderly spinster.

International Business Times

Asian Markets Mixed As Traders Take Stock After Fed-fuelled Rally

Asian markets fluctuated between gains and losses Monday as investors took a step back after last week's rally fuelled by the Federal Reserve's interest rate cut.

The Guardian - UK

Red flags: how to avoid falling victim to a ‘money mule’ scam

Repercussions of receiving illicit funds, even unwittingly, in your account and passing them on can be long and costly

The Independent UK

A Long Island couple vanished months ago. Now, two people have been accused of stealing nearly $3 million from them

Roy Wang and Qiuju Wu were arrested after police say they stole the couple’s money in a matter of days this summer

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The Independent UK

Mixed markets in London as Donald Trump and Xi Jinping talk

It comes in a week when interest rate decisions went mostly as expected.

Kiplinger

The Best Bank Stocks to Buy

Bank stocks are part of the financial services sector and are a way to gain exposure to the broader economy. Here, we look at how you can find the best ones.

The Independent UK

The six major banks offering up to £200 cash to switch your current account

Nationwide, NatWest and first direct have joined Lloyds in offering cash rewards to move

Investors Business Daily

Prepaid Cards Leader Eyes New High Ground As Sales Rocket

The Bancorp leads the northeast bank stocks group.

Evening Standard

Bank of England slows rate it sells off government bonds

The Bank’s announcement came alongside its decision to keep UK interest rates at 4%.

The Independent UK

Communities are using rules to successfully maintain access to cash – regulator

Monmouth in Wales is the 121st banking hub to open in 12 months, with new Financial Conduct Authority rules having come into force a year ago.

The Independent UK

Well-known chef facing charges in San Francisco after 3 bank robberies

San Francisco Police say a well-known chef is facing charges after three bank robberies last week

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