Category : Banking


CBA Boss Confronted Over AI Sacking Scandal

A former Commonwealth Bank worker dramatically confronted CEO Matt Comyn after being terminated by artificial intelligence, exposing growing concerns about algorithmic accountability in Australia's banking sector.

Bank Urges Gold in 401(k) Plans Amid Inflation Fears

Exclusive: Banking giant recommends allocating up to 10% of retirement portfolios to gold as inflation hedge and strategic diversification move. Learn why experts say this could protect your savings.

Lloyds Bank Faces FCA Motor Finance Probe

The Financial Conduct Authority launches investigation into Lloyds Banking Group's motor finance practices, potentially impacting millions of customers and leading to significant compensation claims.

Lloyds adds £800m to car finance compensation pot

Lloyds Banking Group faces mounting costs as it allocates another £800 million to cover compensation for historical motor finance commission claims, bringing total provisions to a staggering £2 billion.

Lloyds sets aside £450m for car finance probe

Exclusive: Lloyds sets aside massive sum as FCA investigates discretionary commission arrangements in car finance market. Potential compensation claims could affect millions.

Ben Smith appointed Newcastle Building Society CEO

Newcastle Building Society announces Ben Smith as incoming Chief Executive, bringing extensive financial services experience to lead the mutual's next chapter of growth and member-focused strategy.

Lloyds Bank cuts 1,600 jobs in restructuring

Lloyds Banking Group reveals plans to slash 1,600 jobs while creating 830 new roles in strategic restructuring. The changes affect multiple locations including Bristol and Edinburgh as the bank accelerates its digital transformation.

Bank error leaves man £2.6 million richer

A British man's ordinary day turned extraordinary when he discovered his bank account had been credited with an unexpected £2.6 million payment, sparking a whirlwind of excitement and ethical dilemmas.

Lloyds Bank Urgent Scam Alert for Millions

Lloyds Banking Group warns millions of UK customers about sophisticated new scams targeting online banking users. Learn how to protect your savings from these convincing fraud attempts.

Queenstown forces Bendigo Bank cash policy reversal

The remote community of Queenstown, Tasmania, has emerged victorious in a landmark battle against banking giant Bendigo Bank, successfully reversing a controversial cashless policy that threatened to leave elderly and vulnerable residents stranded.

Major UK banks hit by payment system outage

Millions of UK banking customers faced payment chaos as major high street banks including Lloyds, Barclays and Santander experienced significant technical failures, leaving many unable to send or receive money.

Lloyds warns of bigger car finance scandal hit

Lloyds Banking Group reveals mounting financial pressure from the car finance mis-selling scandal, with provisions now expected to significantly exceed initial estimates as regulatory scrutiny intensifies.

Lloyds faces FCA probe over motor finance practices

The Financial Conduct Authority has launched a formal investigation into Lloyds Banking Group's motor finance lending practices, raising concerns about potential customer harm in the lucrative car finance market.

Revolut boss joins billionaire exodus to Dubai

Nik Storonsky, billionaire founder of British fintech giant Revolut, becomes latest wealthy entrepreneur to leave UK for Dubai, raising concerns about Britain's competitiveness.

FCA probes insider trading in banking shares

The Financial Conduct Authority launches investigation into suspected insider dealing surrounding major banking stocks including Lloyds and Barclays, causing significant market turbulence.

JPMorgan's £35M legal bill in student aid fraud case

JPMorgan Chase faces astronomical legal costs exceeding £35 million in its lawsuit against Charlie Javice, the former fintech entrepreneur accused of fabricating millions of fake customers during the Frank student aid platform acquisition.

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