Banking

Customers of Lloyds, Halifax and Bank of Scotland were left alarmed after a technical fault caused their mobile banking apps to display the transactions of complete strangers. The glitch occurred on the morning of Thursday 12 March, with those affected reporting seeing other people's names, sort cod

A former manager at Royal Bank of Scotland's (RBS) controversial Global Restructuring Group (GRG) has pleaded guilty to bribery and extortion after accepting £274,811 in corrupt payments from customers in exchange for preferential treatment of their businesses. Stuart Holloway, 48, of Bury, Gr

Revolut Bank UK Ltd has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK.

Revolut has applied for a United States banking licence, marking a significant step in the fintech's long-standing ambition to crack the American market. The company confirmed on Thursday that it had submitted applications for a national bank charter to both the Office of the Comptroller of the Curr

HSBC shares climbed over 5% on Wednesday morning, reaching 1,362.80p and cementing its position as the UK's most valuable bank with a market cap of over £230 billion. This rally occurred despite a 7% decline in annual pre-tax profit, which fell to $29.9bn (c. £22.1bn) following $5bn (c.

The Payment Systems Regulator (PSR) has imposed a fine of £3,779,300 on Bank of Ireland UK for failing to implement the confirmation of payee (CoP) anti-fraud system by the required deadline.

The House of Commons Committee of Public Accounts has published a scathing assessment of National Savings & Investments’ (NS&I) Business Transformation Programme, labelling the multi-billion-pound initiative a "full-spectrum disaster". Originally launched in 2020 as Project Rainbow to

UK bank executives are set to convene this Thursday for their first meeting to establish a domestic alternative to Visa and Mastercard. Chaired by Barclays UK chief executive Vim Maru, the group of City funders aims to develop a sovereign payment infrastructure to safeguard the UK economy against po

NatWest Group has reported its strongest financial performance since the 2008 crash, with 2025 pre-tax profits surging to £7.7 billion. This represents a significant climb from the £6.2bn recorded the previous year, driven by broad-based growth across its retail and commercial divisions.

The Financial Conduct Authority (FCA) has confirmed the appointment of KPMG as the independent assessor responsible for evaluating proposals to establish a new standards-setting body for UK open banking APIs. This 12-week assessment is designed to identify which organisation is best positioned to le

Barclays has reported a 13% increase in annual pre-tax profit to £9.1 billion for 2025, a performance that has fuelled a major hike in executive pay and staff bonuses. The UK bank increased CEO C.S. Venkatakrishnan’s total pay package to £15 million for 2025, up from £11.6m t

Santander has announced it plans to close a further two of its branches in Scotland, as part of a total 44 closures across the UK in 2026 and into early 2027. The two Scottish locations include the Kirkintilloch branch in East Dunbartonshire, set to shut on 29 April, and the Stranraer site in Dumfri

Lloyds Banking Group has announced a fresh £1.8 billion share buyback after a robust performance in the 2025 financial year, where pre-tax profits jumped 12% to £6.7bn. The banking giant surpassed internal expectations of £6.4bn, demonstrating resilience despite the Bank of England

Edinburgh-headquartered Hampden Bank has made three senior hires as it continues to scale up its personal banking service south of the border. Liz Williamson, Ian Noke and Claire Lattin have joined as banking directors to serve the banking needs of clients across the North & Midlands.

The Post Office has finalised a new five-year agreement with Cash Access UK to continue operating and expanding Banking Hubs across the nation. The deal reinforces the Post Office's central role in maintaining financial inclusion, building upon the 200 hubs already in operation. The partnership is a