Bank of England boss launches broadside at EU over finance industry rules

Bank of England governor launches broadside at EU as he warns the bloc is trying to cut the City of London out of its banking market Andrew Bailey warned the Eu that the UK will not become a ‘rule-taker’ nation Bank of England governor was speaking during annual speech to City of London UK granted … Read more

Fraudster blew £175,000 on Riyad Mahrez’s bank card

Fraudster blew £175,000 on Riyad Mahrez’s bank card as he treated himself to £20,000 Ibiza spree, gambling and even a trip to Greggs -but it took Premier League football ace five WEEKS to realise cash was missing Riyad Mahrez, 29, didn’t realise his card was being used for five weeks in 2017  Sharif Mohamed, 32, … Read more

ALEX BRUMMER: Bank caught in crossfire as Bailey battles it out

ALEX BRUMMER: Bank caught in the crossfire as Bailey fights his corner over LCF scandal By Alex Brummer for the Daily Mail Published: 23:11 GMT, 9 February 2021 | Updated: 23:11 GMT, 9 February 2021 The sight of two senior members of the Establishment battling like ferrets in a sack is unusual. When it involves … Read more

Ariane de Rothschild overhauled Geneva bank while her late husband struggled with addiction

The death of billionaire banking heir Benjamin de Rothschild, who died two weeks ago aged just 57, might have been expected to signal huge uncertainty for Edmond de Rothschild, the historic Swiss bank which still bears his father’s prestigious name.    However, it seems that, on the contrary, the driving force behind the historic Geneva bank – and … Read more

Bank of England Governor Andrew Bailey warns over Reddit share frenzy

Bank of England Governor Andrew Bailey warns over social media trading frenzy By Daily Mail City & Finance Reporter Published: 21:50 GMT, 4 February 2021 | Updated: 21:50 GMT, 4 February 2021 Bank of England governor Andrew Bailey has sounded a note of caution on the trading frenzy which saw individual investors take on Wall … Read more

Bank of England cuts 2021 UK growth forecasts amid lockdowns

The Bank of England slashed its growth forecast for this year today but voiced hope that the rapid vaccine rollout will spark a strong recovery after June. In its latest Monetary Policy Committee report, the Bank reduced its estimate for economic growth for 2021 from 7.25 per cent to 5 per cent. It said an expected … Read more

How Covid has been the nail in the coffin for many local bank branches

Industry veteran: Tony Foot started his bank career in 1964 When Tony Foot started his bank career in 1964, there were a handful of branches in every town and the manager knew all their customers by name. Here, the 74-year-old retired bank manager explains why we all lose out when banks close their doors… During … Read more

What could JP Morgan’s new digital bank pay British savers?

The new bank set to be launched in the UK by JP Morgan Chase over the next few months could upend Britain’s current account market but is unlikely to be a saviour for savers, experts have suggested. The world’s seventh-largest bank has hired 400 people and is preparing to launch an ‘innovative’ app-based bank in … Read more

Jeremy Vine reveals scammer told him to ‘f***’ off’ after trying to obtain his bank details

‘Utter scum’: Jeremy Vine, 55, reveals scammer told him to ‘f***’ off’ after trying to obtain his bank details fraudulently via WhatsApp By Rebecca Davison for MailOnline Published: 11:55 GMT, 28 January 2021 | Updated: 12:03 GMT, 28 January 2021 Jeremy Vine took to Twitter on Thursday to reveal an alleged scammer contacted him via … Read more

US lender JP Mogan to launch a digital bank in the UK

US lender JP Mogan to launch a digital bank in the UK to poach customers from high street giants By Daily Mail City & Finance Reporter Published: 21:51 GMT, 27 January 2021 | Updated: 21:51 GMT, 27 January 2021 JP Morgan is launching a digital bank in the UK America’s largest lender JP Morgan is … Read more