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The Latest Breaking News on Financial Services

JPMorgan Plans Major London HQ Expansion

JP Morgan Chase Co. (NYSE:JPM) announced Thursday a massive London expansion plan. The bank said it intends to construct a three-million-square-foot tower on the Riverside site in Canary Wharf.

Benzinga

JPMorgan to build £3 billion mega tower HQ at Canary Wharf in boost for London

Facilities including terraces and roof-tops, wellness spaces, nursing rooms, restaurants and cafés, and bicycle parking spaces.

Evening Standard

What are banking hubs for and how can I find one near me?

Branches are disappearing across the nation - can hubs really take their place?

The Independent UK

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UK bank shares rise after reports of budget tax reprieve

NatWest, Lloyds and Barclays stock up amid expectation Rachel Reeves will spare lenders from further levy

The Guardian - UK

'100 Calls in 90 Days': Bank Hit With Nearly $40K Penalty Over Aggressive Debt-Collection Tactics

Consumer Protection BC ordered Scotiabank to pay nearly $40,000 after finding the bank harassed a Vancouver customer with more than 100 collection calls despite instructions to contact only his lawyer.

International Business Times UK

Dubai bank is behind British businessman’s 30-year jail sentence, family claims

Ryan Cornelius was arrested in 2008 over a bank loan and will be 84 years old when he is due to be released

The Guardian - UK

How to Skip Fees at the Bank

You can steer clear of fees, especially if you choose your account wisely. Here are some tips to keep them at bay.

Kiplinger

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4 High-Quality International Stocks To Consider As AI Rally Falters

U.S. investors are staring down several headwinds at the moment: heightened tech stock valuations, hawkish Federal Reserve commentary, and erratic tariff policies from the Trump administration.

Benzinga

Federal Reserve releases new guidance for bank oversight in move praised by industry

The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor

The Independent UK

CBA boss says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money

Commonwealth Bank Australia– which reported a record cash profit of $10.3bn in most recent financial year – charged $270m in ‘excessive fees’ over five years

The Guardian - AU

Commonwealth Bank boss reveals preferred migration rate

The boss of Australia's biggest bank has nominated a preferred migration rate while appearing before a parliamentary committee. saying a target is appropriate.

AAP

The remarkable story of Canary Wharf's renaissance

It emptied out in the Covid years — but with a reinvention and the decline of WFH, Docklands is back in business says Jonathan Prynn

Evening Standard

Why Trump targeted JPMorgan in call for Justice Department Epstein probe

Trump said he will direct the Justice Department to investigate Epstein's connections to former President Clinton and others.

Axios

House passes bill to reopen government as new Epstein revelations roil US politics – as it happened

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The Guardian - US

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The Independent UK

Bank of America faces lawsuit from employees for not paying them during pre-shift computer tasks

Logging in and setting up digital workstations could take employees up to 30 minutes — or longer in the event of technical issues — and it was all uncompensated, according to the lawsuit

Benzinga

Instacart Is Winning More Shoppers By Staying Affordable, Analysts Say

Maplebear Inc. (NASDAQ:CART), operating as Instacart, delivered stronger-than-expected third-quarter results and raised its fourth-quarter outlook, signaling resilient demand despite intensifying competition in grocery delivery.

International Business Times UK

BMO Stock Surge: Why Big Investors Are Doubling Down on Canada's Oldest Bank

Institutional investors and hedge funds are boosting their positions in BMO, reflecting confidence in its growth and stability amid strong financial performance and strategic acquisitions.

The Independent UK

Major bank launches new £200 switch offer – but you could get more than £500

Santander’s offer is the biggest on the market once bonuses are counted

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The Guardian - UK

Metro Bank’s credit file markers are adding to the pain of our son’s death

Bank refuses to remove late payment markers after we were twice late repaying our mortgage in last months of his life

Tom’s Hardware

Bank of America sued over not paying workers for PC boot up time in proposed class action lawsuit

Bank of America is facing a proposed class and collective action lawsuit that accuses the company of failing to pay hundreds of hourly workers for time spent booting their computers.

The Guardian - UK

UK banks still committed to climate goals, Bank of England executive insists

Exclusive: David Bailey plays down concerns after HSBC and Barclays quit UN-backed Net Zero Banking Alliance

The Independent UK

Boost for savers as refreshed British Savings Bonds go on sale with higher rates

NS&I has hiked rates on its new issues of one, two, three and five-year versions of the bonds.

Benzinga

Jamie Dimon Refuses To Join Big Tech Donors Like Google, Apple, Amazon Funding Trump's $300 Million White House Ballroom: 'We Have An Issue...'

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has made it clear that his bank will not contribute to the Donald Trump administration's $300 million White House ballroom project — even as some of the biggest names in tech and business open their checkbooks.

The Guardian - UK

Banks poised to escape tax rises in Rachel Reeves’s budget

UK bank shares rise after reports, with chancellor wanting sector to remain competitive to help economic growth

AAP

Loan defaults bad for business as NAB profit takes hit

Business lending is growing for NAB but so is the level of bad debt from that customer segment, pumping the brakes on profits at the big four bank.

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