Revolut ‘loses $20m to criminals’
Revolut is said to have lost more than $20m (£15.6m) last year to criminals who exploited a flaw in the...
archiveBanks and Finance
Starmer backs criticism of Sadiq Khan’s Ulez expansion
A Labour split over the expansion of the Ulez scheme in outer London has worsened after Sir Keir Starmer backed...
Treasury plots new ‘Tell Sid’ campaign to lure savers into stock market
Andrew Griffith, the economic secretary to the Treasury, said “wider share ownership is good for savers, good for the economy...
Metro Bank ‘prevents gender-critical parents group from opening account’
When on the phone with a Metro manager, Mr Jordan, a former teacher and businessman, claims he was told that...
Building society admits it would closes customers’ accounts if they are ‘rude or discriminate’
A leading building society has revealed that it closes customers’ accounts if they engage in “rude” or “discriminatory” behaviour.The Yorkshire...
Nigel Farage says he may have to leave UK after bank closes his accounts
A bank can close a customer’s account at any time and for various reasons, sometimes without notice.Under the payment accounts...
London Stock Exchange boss accuses pension funds of hypocrisy
In an open letter to the FCA, Railpen and nine other large UK pension schemes said the reforms will “roll...
American tech must compensate fraud victims, banks tell Rishi Sunak
Britain’s largest banks have told the Prime Minister that Facebook-owner Meta and other American technology firms should contribute to refunds for...
Rishi Sunak orders banks to protect borrowers from surging mortgage rates
Mortgage rates have soared since late May, with a typical loan from Halifax rising from 4.59pc to 5.41pc – adding...
JP Morgan to pay Jeffrey Epstein victims $290m
JP Morgan has agreed to pay $290m (£232m) to settle a lawsuit alleging that the bank knowingly benefited from its...
