FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal

Move follows the granting of a worldwide asset-freezing order on company’s founder, Paresh Raja

JP Morgan Chase to use computer estimates to monitor hours worked by junior bankers

Company says tool to compare self-reported hours with computer estimates is for ‘awareness, not enforcement’

US moves to soften capital rules: ‘Big banks can declare mission accomplished’

Fed officials expected to lower capital requirements for banks such as Goldman Sachs and JPMorgan Chase by 4.8%

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