HSBC fined £57.4m by the Bank of England for ‘serious failings’ to protect customer deposits. The bank failed to accurately identify deposits eligible for the UK’s Financial Services Compensation Scheme, the Bank’s Prudential Regulation Authority (PRA) announced. HSBC was fined by the Bank of England’s Prudential Regulation Authority (PRA) forRead More →
It is widely reported that HSBC‘s online banking system is experiencing some problems today, 24th November 2023. According to the news reports, many customers are unable to access the app or the website or make payments. The bank has acknowledged the issue and said it is working hard to fixRead More →
The world may be facing ‘the most dangerous time… in decades’, bank boss Jamie Dimon has reportedly warned. The chief executive of JP Morgan Chase told investors recently that he was concerned about the risks to the economy from rising geo-political tensions. He said wars in Ukraine and Israel couldRead More →
NatWest customers reported money missing from their accounts after making a cash deposit. The bank has said an issue with its cash deposit machines has been now resolved Customers shared their concerns on social media on Thursday 21st September 2023 that recently-deposited cash was not showing up in their accountRead More →
The Nationwide Building Society says house prices are 5.3% lower compared to August last year, in the biggest annual decline since 2009. Nationwide said the drop represented a fall of £14,600 on a typical home in the UK since house prices peaked in August 2022. It also said higher borrowingRead More →
‘It’s good to talk’! The former boss of NatWest is set to receive a £2.4m pay package this year, despite having quit in disgrace over her handling of the closure of Nigel Farage’s bank account. A contractual obligation no doubt? Whatever happened to confidentiality? Other cartoonsRead More →
A technical issue that affected the Bank of Ireland’s online banking services allowed some customers to withdraw or transfer more money than they had in their accounts. The glitch reportedly also added €1,000 to some accounts without explanation. This led to large crowds forming at ATMs across the country, hopingRead More →
Chancellor Jeremy Hunt has asked the City watchdog to speed up a probe into whether people have had bank accounts closed due to their political views It follows a row over the closure of former UKIP leader Nigel Farage’s Coutts account. Mr Hunt requested the Financial Conduct Authority (FCA) toRead More →
