What will happen now the £100 contactless card limit has been scrapped? Watchdog says banks will be able to respond to changing consumer demands, inflation and new technology
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
What is the £1.3bn MFS mortgage scandal and what is private credit? A worldwide freezing order has been imposed on Paresh Raja, the owner of a UK mortgage provider
New mortgages up by £800 a year amid ‘Trumpflation’ from Iran war Nearly 700 deals pulled in two weeks and only a few fixed-rate products below 4% are available, says Moneyfacts
Close Brothers banking group to cut 600 jobs and roll out AI ‘at pace’ Specialist lender’s shares plunge after short seller claims it will have to raise provision for car finance scandal
European takeover battle hots up with UniCredit’s ‘unfriendly attack’ on Commerzbank Milan-based bank plans to up its near-30% stake in German lender to trigger formal talks despite strong opposition from Berlin
UK regulator examines IT glitch that enabled bank customers to see others’ accounts on app Information Commissioner’s Office made aware of incident affecting Lloyd’s, Halifax and Bank of Scotland
AI scams drove UK reports of fraud to record 444,000 last year Criminals using artificial intelligence tools to take over mobile, bank and online shopping accounts, says Cifas
Top US banks weigh suing federal regulator over crypto banking rules Exclusive: Bank Policy Institute, representing lenders such as JP Morgan and Goldman Sachs, argues that new licenses could harm US consumers and financial system
Average UK office attendance ‘settling’ at highest level since before Covid Figure above 40% every week since early January as report says situation ‘no longer in freefall nor in recovery’
‘Mainly, you fast fooded’: Monzo under fire over ‘shaming’ year-end reviews Bank criticised for tone of spending summaries, with one user complaining to ombudsman over ‘humiliating’ use of data
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
UK bank bosses plan to set up Visa and Mastercard alternative amid Trump fears Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networks
Lloyds investigating after using staff’s bank account data in pay talks CEO Charlie Nunn tells employees that issue ‘created some concern’ but insisted ‘we definitely have listened to it’
Bank bosses get huge pay rises in sign top City salaries back to pre-crash highs Nat West CEO’s £6.6m pay package for 2025 is largest for group since disgraced Fred Goodwin’s £7.7m in 2006