Category : Banking


Bank of Scotland Fined £160k Over Sanctions Breach

Bank of Scotland has been fined £160,000 by the UK's sanctions watchdog for opening an account and processing payments for a sanctioned Russian ally of Vladimir Putin, Dmitrii Ovsiannikov.

Nationwide Explains Account Closure Rules for 2026

Nationwide Building Society has informed members about potential account closures in 2026, detailing reasons including fraud, misuse, and inactivity, plus procedures for handling remaining funds.

UK Banks Offer £730 for Switching Accounts

Three major UK banks are offering cash incentives totalling up to £730 for customers who switch their current accounts. Find out the eligibility criteria and deadlines.

BoE's Greene: Strong Pay Growth May Limit Rate Cuts

Bank of England policymaker Megan Greene warns robust UK wage growth and potential US Federal Reserve rate cuts could restrict the MPC's ability to lower borrowing costs this year, as inflation concerns persist.

Lloyds Expects Profit Rise Despite Motor Finance Hit

Lloyds Banking Group is forecast to report a 7% increase in annual pre-tax profits to £6.38 billion, despite substantial motor finance compensation charges, with analysts highlighting underlying strength.

Expert Mortgage Strategies for 2026 Market

Mortgage experts reveal seven crucial strategies for securing the best mortgage deal in 2026, including fee considerations, flexibility checks, and timing advice amid falling rates.

UK Savers Urged to Act Fast for 4.5% Deals

Despite recent interest rate cuts, UK savers can still secure competitive deals, including easy-access accounts at 4.5% and fixed-rate bonds over 4.3%, but must move quickly.

Dimon Slams Trump Credit Card Cap as 'Economic Disaster'

JPMorgan Chase CEO Jamie Dimon has issued a stark warning against President Donald Trump's proposal to cap credit card interest rates at 10%, predicting it would strip credit access from 80% of Americans and harm the wider economy.

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