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The Latest Breaking News on Financial Services

Man tried to rob six NYC banks in 5 days – and made off with just $605

Police are hunting for suspect Gustavo DeJesus Torres after his low-yield crime wave hit New York branches of Chase over the weekend

The Independent UK

Michael Bambang Hartono, tobacco tycoon and Indonesia's richest man, dies at 86

Indonesia’s richest man, Michael Bambang Hartono, has died at the age of 86

The Independent UK

UK banks keep £100 limit for contactless card payments despite FCA scrapping it

Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for now

The Guardian - UK

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RBA frets over severe global shock from Middle East war

Spillover from the Iran war and an uptick in risky lending to first-home buyers could threaten Australia's financial stability, the Reserve Bank warns.

AAP

From NIL deals to retirement at 35: JPMorgan aims to help athletes avoid bad money habits

JPMorgan Chase is making a new wealth advising push for athletes at every income level, so their money lasts longer

The Independent UK

5 red flags of friendship scams to look out for

Friendship fraud can have big financial consequences.

The Independent UK

Bank of America agrees to settle lawsuit over Epstein ties

The lawsuit said the bank ignored “numerous red flags” of improper financial dealings

The Independent UK

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Close Brothers to cut hundreds of jobs amid criticism over car finance scandal payouts plan

A short seller has suggested they’ll need to pay out far more than the bank has initially flagged

The Independent UK

Fake rooms, props and a script to lure victims: inside an abandoned Cambodia scam centre

Sprawling compound, including mock-up banks and police offices, uncovered by Thai military during border clashes

The Guardian - UK

Dubai news: ‘Evacuate the office?’ Standard Chartered responds to viral rumours in UAE emirate amid Iran vs US-Israel war

Amidst escalating Iran vs US-Israel war, Standard Chartered clarified reports of a Dubai office evacuation, stating it extended existing work-from-home measures as a precaution. The bank emphasised its regional operations remain active. This comes as other financial institutions also implement safety protocols, highlighting Dubai's crucial role as a financial hub…

The Times of India

Middle East news: HSBC makes bold GCC prediction as Iran vs US-Israel war rattles markets and oil prices surge

Despite escalating Iran vs US-Israel war, HSBC reaffirms strong confidence in GCC economies, signalling global banks are not retreating. The region's diversified economies, fiscal strength and strategic location continue to attract capital, even as markets grapple with conflict-driven volatility and energy price surges. Financial hubs like Dubai and Abu Dhabi…

The Times of India

Citibank temporarily shuts most UAE branches from March 12–14, shifts staff to remote work

Citibank has temporarily closed most of its branches and financial centers across the UAE from March 12-14 as a precautionary measure due to escalating geopolitical tensions in the Middle East. The Mall of the Emirates branch will remain open, and digital services are fully operational. Other global banks are also…

The Times of India

British fintech Revolut gets full banking licence

Group lodged application in 2021 but had to overcome accounting issues and reputational concerns

The Guardian - UK

Revolut finally secures full UK banking licence after lengthy wait

The fintech was granted a licence with restrictions in July 2024, having first applied to become a full bank in 2021

The Independent UK

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news in one place.

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The Independent UK

Barclays becomes latest bank to offer new customers £200 to switch

Barclays becomes the latest bank to offer a cash incentive to new customers, joining a host of high street banks including Santander and Natwest

The Independent UK

Britain’s biggest mortgage lenders are hiking rates – here’s what we know

Several lenders have increased their mortgage rates in recent days, with more signalling they are set to follow

The Times of India

Emirates NBD bank waives fees for cash withdrawals from other ATMs across UAE, GCC as Iran and US–Israel war fears grow

Emirates NBD is waiving ATM withdrawal fees across the UAE and GCC until March 31, 2026, to ease financial access amid regional disruptions. This move also includes free debit card replacements and delivery, offering crucial support to stranded travelers and residents navigating travel uncertainties. The initiative aims to ensure uninterrupted…

The Guardian - UK

HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis

Experts say Iran war could cause energy price shock that pushes up UK inflation, in turn forcing up interest rates

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Evening Standard

HSBC and Nationwide hike mortgage rates as Iran was fallout hits borrowers

Moves by HSBC and Coventry Building Society are likely to be followed by other big players

Evening Standard

Metro Bank bounces back to profit after cost-cutting

The company has heavily reduced its cost base in recent years as part of a major turnaround since 2023.

The Independent UK

US moves to cut off a Swiss bank over alleged Iran and Russia money flows

The U.S. Treasury is moving to cut a small Swiss bank off from the U.S. financial system over alleged illicit ties to Iran and Russia

The Guardian - UK

HSBC bankers to share $3.9bn bonus pot, the highest in more than a decade

Bank reports better-than-expected annual results and CEO signals overhaul of lender is almost over

The Guardian - UK

Facial recognition error prompts police to arrest Asian man for burglary 100 miles away

Exclusive: Alvi Choudhury claiming damages against Thames Valley police after biased technology confused him with man looking ‘10 years younger’

Evening Standard

FTSE 100 Live 24 February: AI disruption fears continue, banking stocks struggle

A mixed performance by the FTSE 100 index today reflected ongoing tariffs uncertainty and AI disruption fears.

International Business Times

JPMorgan Chase Sees $150B–$200B Refund Risk After Trump Tariff Setback

JPMorgan warns the U.S. could owe up to $200 billion in tariff refunds after the Supreme Court struck down key Trump emergency trade duties.

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