All news on the topic: Banks
654
Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Germany has slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects
1181
DWP confirms exact timetable for when bank account data checks can begin
The DWP will be able to see all of your bank transactions
834
HSBC, NatWest and Virgin Money all hiking mortgage rates from today
Major bank and lender HSBC has today pulled its 3.99% five-year fixed rate remortgage deal, meaning the last sub-4% offering has now disappeared from the market
765
Mum accused of causing baby's death 'was given £50,000 by trust fund'
Constance Marten, who is on trial for causing the death of her baby Victoria, received a payment of £47,886 from C. Hoare & Co solicitors between September 1 2022 and January 17 2023, a court heard
1017
Banks wrongly label accounts as fraud risk to cover up debanking concerns - MPs
An MPs group said debanking is causing certain ethnic, industry or political groups to be "frozen out" of the UK's banking system
1168
Car finance probe: What is being investigated and will customers be compensated?
Lloyds has become the first UK bank to set aside hundreds of millions of pounds in case it has to compensate car finance customers, amid a major investigation into whether people overpaid on their loans
555
HSBC to increase mortgage rates from tomorrow in 'hammer blow' to market
The uprating follows similar moves by other lenders this week, including Santander, Coventry, and TSB.
1098
Lloyds, HSBC, Barclays and NatWest rake in £44bn as borrowers hit by rate hikes
Lloyds Banking Group was the last to report its annual results as it today revealed it made a record £7.5billion last year - a more than 50% leap on 2022
559
HSBC reveals record profits of £24bn as chief sees pay double to £10.6m
The bank said its pre-tax profit surged by nearly 80% to top £24 billion in 2023, up from £13.6 billion the year before
1308
Martin Lewis warning over 'pointless' transactions made by millions of people
Martin Lewis has explained how there are three different types of regular payments that you should be aware of - and warned how millions of people may be wasting money
545
Lloyds profits surge by 57% but bank sets aside £450m for car finance probe
The banking group said it made a pre-tax profit of £7.5 billion over 2023, rising by 57% compared with the £4.8 billion made in 2022, and coming in ahead of analysts' expectations
572
DWP clarifies which benefit claimants' bank data it may look at
The DWP (Department for Work and Pensions) has issued a bank warning to all benefit claimants ahead of a clampdown on benefit fraud, in which it will check data of some claimants
987
Barclays overhaul welcomed by investors, but fears raised about further job cuts
The bank is aiming to save about £1 billion from making the bank more efficient this year, and targeting about £2 billion worth of savings in total by 2026
643
Lloyds Bank launches account to help young adults take first step into investing
This account is free for 18 to 25-year-olds and can be managed alongside their everyday banking in the Lloyds Bank app
1197
Former Bank of China chairman Liu Liange is indicted on bribery charges
The former chairman of the Bank of China has been indicted on bribery charges, prosecutors said Monday, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping's anticorruption drive
915
Couple row over £1m 'joint' Lotto scratch card as he's told he won't get share
Charlotte Cox landed £1million from a scratch card she bought and scratched while with partner Michael Cartlidge in Spalding, Lincolnshire - but now he claims he has a stake after it was his idea and he tried to pay for it
687
Bank of England 'no longer competent' and its freedom 'must be questioned'
Conservative MP Sir Jacob Rees-Mogg took aim at the Bank of England's response to economic events as Labour used a Commons urgent question to raise concerns over the UK falling into recession
949
Barclays profits fall by 6% to £6.6bn as bank spends £1bn on restructuring
In the last quarter, its profit dropped by 92% from £1.3 billion the previous year to £110 million
866
DWP warns some £299 payments 'may fail' to be sent to households - how to claim
The DWP has warned that a "small number" of payments may not go through automatically - however, they have plans in place to make sure everyone gets their money
1318
Moneysupermarket profits rise as customers switch car and home insurance
The group, which helps customers compare deals, reported an 8% rise in pre-tax profits to £92.1 million for 2023, with sales up 11% at £432.1 million
702
Cops looking for 'man in long black wig' after pensioner conned out of £22,000
South Yorkshire Police have released a CCTV image of a man they want to speak to in relation to an elderly man getting cruelly defrauded out of £22,000 in Rotherham
1345
Trump dodges 'corporate death penalty' in fraud case but business hit hard
A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits.
744
Man with rare disease stunned as council claws back £50k he saved before trip
Nathan Lee Davies gave up social activities for years - instead saving up the money to spend on a dream trip. But when he told his support worker the council demanded the money back
1117
Chilling scam warning as heartbroken widowed grandad, 80, loses £17,000 savings
John Fillingham, 80, says his mental health was left "in tatters" after falling for the scam in April 2019 which saw him transfer £17,000 to scammers after they pretended to be his bank
771
NatWest appoints new chief executive as bank reveals highest profit since 2007
The bank reported a pre-tax profit of £6.2 billion for 2023, which is the highest since the £9.9 billion made just before the global financial crisis in 2007
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