Charlie Javice sentenced for $175M JPMorgan fraud
Former fintech entrepreneur Charlie Javice receives prison sentence for defrauding JPMorgan Chase in $175 million acquisition deal through fabricated customer data.
Category : Banking
Charlie Javice sentenced in $175M JPMorgan fraud case
Former Frank founder Charlie Javice convicted for fabricating millions of fake student accounts to deceive JPMorgan Chase in landmark $175 million acquisition fraud case.
Lloyds Bank to Shut 53 Branches Across England and Wales in 2025
Lloyds Banking Group reveals plans to close 53 bank branches across England and Wales in 2025, citing declining customer usage. The move affects Lloyds, Halifax, and Bank of Scotland brands.
NatWest to Shut 20 Bank Branches in 2025
NatWest Group announces the closure of 20 bank branches across England and Wales in 2025, citing a dramatic shift to online banking. Discover if your local branch is affected.
Urgent Bank Warning Over 'Hi Mum' Text Scam
NatWest issues an urgent alert as a new wave of sophisticated 'Hi Mum' and 'Hi Dad' scams targets British families, with fraudsters stealing thousands by impersonating relatives in distress.
Westpac Axes 132 Jobs in Operational Overhaul
Australia's Westpac bank is cutting 132 roles in a significant operational overhaul, primarily affecting back-office and support staff, as part of a broader cost-cutting strategy.
JP Morgan banker dies at cocktail tycoon's mansion
A 37-year-old JP Morgan executive was found dead at a Surrey mansion owned by millionaire cocktail entrepreneur Wayne Deakin. Police are investigating the unexplained circumstances surrounding his death.
Santander and Nationwide Clash Over Bank Account Switching
High street banking giants Santander and Nationwide are at odds over a proposed overhaul of the UK's current account switching service, a move that could significantly alter how customers change banks.
Queenstown's Last Bank Closes, Isolating Tasmanian Town
The historic mining town of Queenstown on Tasmania's remote west coast is set to lose its last bank, as Bendigo Bank confirms the permanent closure of its local branch, leaving residents and businesses facing a 180km round trip for essential financial ser
Man's shock as ATM receipt reveals £1.5 million balance
A stunned shopper got the surprise of his life when a cash machine receipt showed an anonymous user had over one and a half million pounds in their account. The bizarre find in Westminster has sparked a major security debate.
Lloyds slashes free overdraft from £250 to £50
Lloyds Banking Group shocks customers by reducing its interest-free overdraft buffer from £250 to a mere £50 from November, impacting millions across Lloyds, Halifax, and Bank of Scotland accounts.
Shocking New Bank Scam Drains Accounts Without Detection
UK banking customers are being targeted by sophisticated 'withdrawal' scam that bypasses security. Victims report losing thousands as fraudsters exploit system loopholes. Essential reading to protect your savings.
Commonwealth Bank outage locks millions out of online banking
Commonwealth Bank of Australia (CBA) customers were left stranded as a planned maintenance event spiralled into a full-scale online and app banking outage, disrupting payments and access for millions.
UK Banks Offering Up to £200 FREE Cash for Switching
Major UK banks are offering cash incentives up to £200 for customers who switch their current accounts. Discover which banks are paying and how to claim your free cash before the deals vanish.
DWP Alert: 1.6M Must Update Bank Details or Risk Missing Payments
Urgent warning for Universal Credit, PIP, and State Pension claimants as DWP begins major account migration. Failure to act could halt essential benefits.
BOE Governor: EU Rules Pose Material Risk to UK Stability
Andrew Bailey cautions that Brussels' post-Brexit financial regulations could create 'material risk' for the UK, urging for greater cooperation to prevent market fragmentation.
Japan's Ishiba Eyes Leadership Bid, Threatening BOJ Policy
Exclusive: In a potential shake-up for Japan's political and economic landscape, former Defence Minister Shigeru Ishiba is reportedly considering a leadership challenge. His candidacy could directly threaten the Bank of Japan's longstanding ultra-loose mo
Bank of England holds rates, complicating Reeves' budget
The Bank of England's Monetary Policy Committee votes 6-3 to maintain interest rates at 5.25%, while scaling back its bond-selling programme. This decision offers little respite for Chancellor Rachel Reeves ahead of her crucial autumn budget.
Bank of America UK: Pay Rises Amid Branch Closures
Exclusive: Bank of America announces a major pay increase for its UK staff while quietly accelerating a programme of local branch closures, raising questions about the future of high street banking.
NatWest and RBS Slash Fixed Mortgage Rates
In a significant move, NatWest and Royal Bank of Scotland have announced sweeping cuts to their fixed-rate mortgage deals, offering hope to borrowers amidst the cost-of-living crisis.
Met Police Analyse 10,000 Docs in Banker Murder Probe
EXCLUSIVE: Scotland Yard detectives are scouring over 10,000 documents and financial records in a massive investigation into the brutal murder of City banker Anthony Sootheran. New details emerge in the complex case.
Major UK Bank: AI Could Replace Thousands of Jobs
Exclusive: A leading British bank has warned that artificial intelligence could replace thousands of jobs, signalling a major shift in the UK's financial employment landscape. Discover which roles are most vulnerable.
Lloyds blocks card over twin sister identity mix-up
A Lloyds Banking Group customer reveals how a system error mistakenly linked her identity to her twin sister, leaving her unable to access her new credit card and trapped in a bureaucratic loop for weeks.
Fed Governor Stephen Miran Resigns After 18 Months
US Federal Reserve Governor Stephen Miran has unexpectedly resigned after just 18 months, citing personal reasons. The departure fuels speculation about internal discord at the world's most powerful central bank.
ASIC Probes ANZ Over Account Freezing Linked to ABC Report
Australian financial watchdog ASIC investigates ANZ Bank over claims it froze customer accounts based on ABC's controversial 'Banking Crooks' documentary, as presenter Sarah Ferguson is called to testify.
Farage: 7 Banks Closed My Accounts in Political Blacklisting
Exclusive: Nigel Farage breaks his silence on being 'debanked' by multiple UK banks, alleging a coordinated political purge in the financial sector. The Brexit architect reveals seven banks have closed his accounts in a stunning financial exclusion case.
TSB Axes All Credit Cards: Key Dates for Customers
TSB Bank announces the complete closure of its credit card operations, impacting all customers. Find out the key dates, reasons behind the decision, and essential steps to protect your finances.
ANZ Bank fined £375k for major governance failures
Australia's ANZ Bank has been slapped with a hefty A$750,000 fine for 'widespread' corporate misconduct and failing to maintain proper share dealing policies for its directors, following a landmark Federal Court ruling.
162 UK Bank Branches to Close in 2024: Full List
Major banks including Barclays, HSBC, Lloyds, and NatWest have announced a sweeping wave of 162 branch closures across the UK in 2024, accelerating the decline of the British high street. Discover if your local branch is on the list.
ANZ Bank fined record £240m for charging deceased customers
ANZ Bank has been hit with a monumental £240 million penalty for a litany of serious failures, including charging fees to deceased customers. The Federal Court condemns the bank's 'widespread' and 'systemic' misconduct.
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