Banking

The first of a planned series of "super-ATMs", which will allow customers from multiple banks to deposit cash and withdraw money for free, has opened its doors. Major high-street banks are collaborating to install "multibank deposit…

According to a New York filing, whistleblowers claim Standard Chartered allegedly conducted billions of dollars in previously undetected transactions on behalf of Iran-linked entities or terrorist organizations. Last week, two…

The European Central Bank sent a strong signal to the world that it would cut rates next week from their historic highs. Its chief economist dismissed fears that cutting interest rates before the US Federal Reserve might backfire. ECB is…

After reducing the value of Numis following a takeover, Deutsche Bank has decided to shut down the US operations. The German lender will merge its New York headquarters with Numis Securities, a US subsidiary. Numis employs 12 people…

HSBC was fined over £6.2 million by the Financial Conduct Authority for failing to treat customers in arrears and financial difficulties. This put about 1.5 million people's financial futures at risk. The Financial Conduct Authority…

Hargreaves Lansdown shares rose the most since a decade ago on Thursday, after a surprise bid led to speculation about a bidding battle. The FTSE 250 company's shares jumped nearly a fifth in one day, marking the largest rise since 2014.…

A general election that was held earlier than expected has cast doubt on UK government plans for a mass public sale of NatWest share. Rishi Sunak (UK Prime Minister) announced on Wednesday that an election would be held on July 4. This…

Financial regulators have fined Citigroup £61.6m after their internal systems failed in preventing a fat-fingered Banker from causing a Flash Crash by placing erroneously more than £1bn worth of orders. The trader intended to sell $58m…

Mastercard and Visa are facing a regulatory crackdown. The payments watchdog has said that the companies have too much dominance and were able to increase the fees they charge British business unchecked. The Payment Systems Regulator…

Bank of England Governor said that he expects "quite a fall" in the inflation rate to be around the 2 percent target level when the official figures are released on Tuesday. He also predicted that the central bank will cut interest rates in…

Virgin Money UK shareholders will vote on the proposed £2.9billion takeover of Nationwide Building Society next week without having seen the audited results from the last half-year due to delays caused by the change in auditor. PwC…

After a significant cut in government shareholding, a leading US investor began to pour cash into NatWest after allaying fears of state interference in the bailed out banking group. Los Angeles-headquartered Capital Group, which is one…

According to the Bank of England chief economist, high levels of immigration fuel Britain's housing crises. He blamed skyrocketing rental prices on a lack of properties. Huw Pill claimed that higher interest rates are not to blame for…

Banco Sabadell, a Spanish lender, has rejected BBVA's €12bn bid for its takeover. The proposed deal is "significantly below" the value of its own growth prospects. Last week BBVA made a surprise bid for Sabadell. They said the merger of…

Retail investors may receive a bonus share of NatWest if hold the stock for more than a year. This is part of plans by ministers to privatise some government shares of the bank in a Tell Sid style. The plan is to sell NatWest shares in a…

The Baltimore Bridge collapse has caused two of the largest players on the Lloyd's of London Insurance market to announce that they will be affected. Hiscox informed investors that the company expected to incur a "moderate loss" from the…

Barclay's Gulf-based supporters are plotting to sell the Very Group, which is the last pillar in their corporate empire. The Abu Dhabi investment company that tried unsuccessfully to buy Barclays media assets last summer is now planning…

General Catalyst, one of Silicon Valley's largest venture capital firms, is poised to raise almost $6bn in order to invest in start-ups. This shows that the sector can still attract investors despite a recent fundraising drought.…