UK banks given extra three days to delay payments in effort to beat scams High street banks handed new powers by the Treasury to delay and investigate payments suspected of being fraudulent
Starling Bank is simply not fit to float Damning report into financial crime controls revealed a shambles at the top and surely ends any dream of a flotation soon
Starling Bank fined £29m for ‘shockingly lax’ financial crime controls Challenger bank apologises after City regulator says lack of checks ‘left system wide open to criminals and those subject to sanctions’
Starling Bank fined £29m for ‘shockingly lax’ sanctions breaches – as it happened Live coverage of business, economics and financial markets as bank gave accounts to 49,000 high-risk customers and oil prices rise after Iranian missile attacks on Israel
UK business confidence dips to lowest level since general election Research concludes Labour warnings of tough budget may have sapped optimism about the economy
Labour to announce £10bn AI project in Northumberland backed by pro-Trump billionaire Stephen Schwarzman’s Blackstone Group will fund data centre bringing 4,000 jobs to north-east England
Co-op chain turns to AI to identify criminals with weapons Group to trial technology that can detect shoplifting and attacks on staff after losses from crime rose by almost 20% to £40m in six months
Yorkshire has lowest ratio of bank branches to people in UK, says Which? Consumer group says 6,161 branches have been shut since 2015 and there are 30 constituencies without one
Nationwide to allow first-time buyers to borrow six times their earnings Building society ramps up mortgage price war with ‘gamechanging’ move, as it also cuts rates
Do packaged bank accounts deliver value for money? As banks raise fees customers pay in exchange for a range of perks, it’s time to ask: Are you are really getting your money’s worth?
HSBC calls on tech firms to help refund victims of fraud Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem
UK savers urged to find better deals after several banks cut interest rates Bank of England may have kept rates steady this week but TSB, NS&I and others have all announced cuts
JP Morgan creates new role to prevent overwork among junior bankers Bank’s head of diversity and inclusion appointed to help tackle long hours and support staff wellbeing
Public Enemy review – anatomy of Greece’s economic crisis framed as epic tragedy Elisa Mantin’s film shows Greeks as the economic victims of ideologically motivated EU forces, imposing punishment-via-austerity
Ex-NatWest CEO who left after Nigel Farage row to advise law firm Alison Rose appointed as diversity and inclusion adviser at leading firm Mishcon de Reya