Major UK banks including Barclays, HSBC, and Lloyds have informed customers about new Financial Conduct Authority rules allowing higher contactless limits, though most are maintaining the current £100 cap for now.
New FCA rules allow UK banks to set custom contactless payment limits, though major institutions currently maintain the £100 cap while reviewing future options.
Federal Reserve maintains interest rate pause in March 2026 meeting, with Chair Jerome Powell highlighting economic uncertainties from Middle East conflict and elevated oil prices.
Lloyds Bank is providing cash incentives of up to £500 for customers who switch their current accounts. The offer requires meeting specific criteria including direct debits and minimum deposits.
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New FCA regulations allow banks to set their own contactless payment limits from Thursday, though major UK banks will keep the £100 cap for now. Consumer protections remain unchanged.
Major UK banks including HSBC, NatWest, and Santander confirm no immediate changes to £100 contactless limits despite new FCA rules allowing flexibility. Customers retain ability to set lower limits via banking apps.
New Financial Conduct Authority rules from Thursday enable banks with strong fraud controls to set their own contactless payment limits above £100, though major banks currently maintain existing caps.
Money experts reveal top cash ISA and savings accounts offering rates over 1% above inflation, with analysis of easy-access, fixed-term, and children's options ahead of the Bank of England's interest rate vote.
Bank of America has tentatively settled a lawsuit alleging it ignored suspicious transactions tied to Jeffrey Epstein's sex trafficking operation, with terms undisclosed.
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Bank of America has tentatively settled a lawsuit alleging it ignored suspicious transactions linked to Jeffrey Epstein's sex trafficking. The settlement, revealed in Manhattan federal court, involves claims the bank facilitated Epstein's abuse of hundred
Lloyds Banking Group faces intense scrutiny from the Treasury Committee after a data breach allowed customers to view others' financial transactions via its app, prompting demands for details on affected users and compensation.
Lloyds Banking Group is under scrutiny from the Treasury Committee after customers reported seeing others' transactions in their apps. The breach affects Halifax and Bank of Scotland users, with potential compensation payouts looming.
Bank of America has reached a settlement in a civil lawsuit brought by women who accused the bank of facilitating Jeffrey Epstein's sexual abuse. The deal awaits judicial approval.
The Reserve Bank of Australia has increased interest rates to 4.1%, warning of prolonged inflation due to strong employment and Middle East tensions, impacting household budgets.
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Close Brothers banking group announces 600 job cuts and rapid AI deployment after posting losses due to a £300m car finance scandal provision, with shares plunging over short seller claims.
Lloyds Banking Group is under intense scrutiny from the Treasury Committee after a serious app glitch allowed customers to view other users' financial transactions, prompting demands for immediate answers.
The Treasury Committee demands answers from Lloyds Banking Group after customers reported seeing other people's transactions in banking apps, raising serious data security concerns.
Nationwide Building Society is set to distribute £100 'fairer share' payments to eligible members in 2026, with a crucial qualifying deadline of March 31 approaching in just two weeks.
Barclays, HSBC, Nationwide, NatWest and Santander have withdrawn sub-4% fixed mortgage deals following global market uncertainty and rising swap rates, with average rates now exceeding 5%.
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Close Brothers plans to eliminate 600 positions, nearly a quarter of its workforce, over 18 months as cost-cutting measures follow allegations of misrepresenting exposure to a car loan mis-selling scandal.
Close Brothers announces 600 job cuts as it faces criticism over car finance mis-selling scandal payouts, with short-seller Viceroy Research predicting higher costs than flagged.
Banking group Close Brothers announces plans to eliminate 600 positions across the UK and Ireland, aiming to reduce annual costs by £85 million over the next 18 months.
The £100 cap on contactless card payments ends March 19th, giving banks flexibility to set limits. Experts warn this could increase overspending and fraud vulnerability despite FCA assurances.
Santander increases mortgage rates by up to 0.35 percentage points, adding approximately £55 monthly for a £300,000 loan. Industry experts warn of market volatility and shelved home buying plans.
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Innocent individuals globally are being denied access to essential banking services, a crisis stemming from financial regulations hastily implemented after the September 11 attacks.
The Bank of England's plan to feature British wildlife instead of historic figures on new banknotes has triggered a fierce culture war, with critics calling it 'woke' and supporters praising the inclusive move.
Italy's UniCredit escalates its pursuit of German lender Commerzbank with a €35bn hostile takeover bid, defying strong opposition from the German government which seeks to protect the bank's independence.
Bobbie Heinemann claims a friend was blocked from withdrawing $20,000 by Commonwealth Bank, sparking outrage and calls for financial freedom.
NatWest has issued a message to customers, advising them to take the first step in investing before the April 5 ISA deadline, emphasizing that knowledge isn't a barrier to starting.
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Nationwide Building Society confirms its commitment to maintaining all 605 high street branches until at least 2030, while also hinting at potential bonus payments for members this year.
