Australian Banks Face Class Action Lawsuit Over Late Fees
11 Aug
2014
Written by Sam Allcock

Australian Banks Face Class Action Lawsuit Over Late Fees »

Banking
1398

Five Australian banks face a massive class action lawsuit related to late payment fees. Law firm Maurice Blackburn claims that five of Australia’s Read more…

Barclays Trims Job, Scales Back Ambitions
9 May
2014
Written by Sam Allcock

Barclays Trims Job, Scales Back Ambitions »

Barclays has announced that it will downsize its workforce significantly over the next two years. The scandal-ridden bank plans to axe more Read more…

Tesco Launches Credit Card Aimed at New Borrowers
8 May
2014
Written by Sam Allcock

Tesco Launches Credit Card Aimed at New Borrowers »

Tesco’s banking division has launched a new credit card aimed at first-time credit users interested in building their ratings. The card, which Read more…

Small Chinese Banks Scaling Up Shadow Lending
5 May
2014
Written by Sam Allcock

Small Chinese Banks Scaling Up Shadow Lending »

China’s shadow banking sector is growing, according to new documents revealing a rise in the number of unlisted banks operating in the Read more…

Spanish Banks Showing Signs of Recovery
25 Apr
2014
Written by Sam Allcock

Spanish Banks Showing Signs of Recovery »

Banking
580

Two of Spain’s largest lenders are showing signs of recovery as bad debts decrease and overall lending increases. Sabadell and Caixabank have both Read more…

Bank Branches Closing as Customers Manage Accounts Online
19 Apr
2014
Written by Sam Allcock

Bank Branches Closing as Customers Manage Accounts Online »

Banking
68

More than 5,300 bank branches closed last across Europe as customers switch from retail branches to online banking. Analysts believe that a growing Read more…

Homebuyers Face Strict Questionnaires to Qualify for Credit
12 Apr
2014
Written by Sam Allcock

Homebuyers Face Strict Questionnaires to Qualify for Credit »

UK homebuyers may find it more difficult to get a mortgage, as lenders deal with a wide range of new regulations aimed at Read more…

Banks ‘Most Complained About’ UK Businesses
10 Apr
2014
Written by Sam Allcock

Banks ‘Most Complained About’ UK Businesses »

Banking
193

More than 2.5 million complaints were made against Britain’s financial companies in the last six months of 2013 alone. Many of the country’s Read more…

Regulators: US Banks Need to Hold $68 Billion in Additional Cash
8 Apr
2014
Written by Sam Allcock

Regulators: US Banks Need to Hold $68 Billion in Additional Cash »

American regulators have increased capital requirements for some of the country’s largest banks. The United States’ largest banks will be required to hold Read more…

Hong Kong, New Zealand Regulators Target Foreign Exchange Market
2 Apr
2014
Written by Sam Allcock

Hong Kong, New Zealand Regulators Target Foreign Exchange Market »

Banking
77

Regulators in Hong Kong and New Zealand are launching an investigation into the global foreign exchange market. The investigations indicate that the crackdown Read more…