TSB bank reveals shocking cases of friendship fraud where scammers exploit loneliness, with one victim making 60 payments over four years. Experts warn about AI-enhanced tactics and devastating financial losses.
Financial institutions face mounting pressure from outages, data leaks, and fraud. True innovation must prioritize safety, transparency, and reliability to rebuild customer trust in an increasingly digital landscape.
The Financial Conduct Authority has introduced new requirements for financial firms to standardize incident reporting and manage third-party risks, responding to increasing cyber threats and supply chain vulnerabilities across UK businesses.
Kalshi, a prediction market platform, launches election betting in Arizona, raising concerns over gambling laws and market integrity in political events.
TSB Bank reveals criminals are exploiting loneliness to scam older adults through fake online friendships, with average losses exceeding £3,100 per impersonation fraud case.
Digital banks are gaining ground with 50% of UK adults now using them, but cash switching offers from traditional banks maintain their appeal as primary accounts for many Brits.
The EuroMillions jackpot has reset to £23 million for tonight's draw following last week's record £181m win. Searches for results are rising as players anticipate the Tuesday evening draw.
The Guardian has issued corrections for articles on John Lewis Partnership, clarifying that operating cashflow rose by £63m, not 63%, and a 6.9% pay increase applied only to shop floor staff. Other amended articles are listed.
Close Brothers Group announces 600 job cuts as it confronts a substantial compensation bill from its motor finance division, signaling financial strain in the sector.
Standard Life CEO Andy Briggs warns government salary sacrifice cap may reduce retirement savings, calls for urgent action to address UK's pension shortfall.
A new survey shows Brits rank emergency funds as the best financial advice, while credit card reliance is among the worst. Skipton Building Society's campaign highlights trust in financial guidance.
UK banking sector faces regulatory scrutiny as lenders may face legal liability for exaggerating AI capabilities. Financial Conduct Authority prioritizes investigations into misleading tech claims.
London-based insuretech Loxa has completed a £2.7 million seed funding round to scale its embedded insurance platform across European retail markets, backed by angel investors and family offices.
Liontrust Asset Management has announced its acquisition of River Global, the investment firm founded by industry veteran Martin Gilbert. This strategic move significantly expands Liontrust's presence in the global asset management sector.
The rise of unregulated financial influencers on social media platforms is exposing millions of UK users to risky investment advice and potential scams, with regulators struggling to keep pace with the growing phenomenon.
UK petrol station staff have experienced increased abuse from customers following government accusations of price gouging, with retailers calling for more support.
Lloyds Banking Group customers panicked after a major tech glitch showed rogue transactions and personal data. Regulators are investigating potential data breaches that could lead to substantial fines.
Research reveals UK customers could lose thousands annually due to low-interest bank accounts. New business-focused banks like Allica offer higher returns, cashback, and personalized service to bridge the gap.
Amid escalating conflicts in the Middle East, global trade faces supply chain disruptions and financial risks. This article explores how insurance and trust sustain commerce, with insights from Coface's CEO on adapting trade routes and managing insolvency
Over 500,000 car finance eligibility checks have been completed by Reclaim247, as UK drivers increasingly review old PCP deals and concerns about mis-sold finance grow.
Customers of Lloyds, Halifax, and Bank of Scotland reported seeing other people's account details, including national insurance numbers and transactions, due to a major app glitch on Thursday morning.
A technical glitch in Lloyds, Halifax, and Bank of Scotland apps allowed customers to view other users' transactions, including payments and deposits, for a brief period on March 12, 2026.
Arbitrators award $3.8 million to 13 Florida retirees after a financial adviser lost their savings in risky structured products, highlighting risks for everyday investors.
Lloyds Banking Group is investigating a technical glitch that caused customers to see other users' transactions on their mobile apps, raising security concerns across Lloyds, Halifax, and Bank of Scotland.
Cifas reveals UK fraud cases reached a record 444,000 last year, driven by AI-powered account takeovers targeting mobiles, banking, and online shopping. Identity fraud and synthetic profiles are becoming industrialized threats.
Leading international banks have instructed employees to vacate offices in the United Arab Emirates due to heightened security risks from Iran's military actions.
Lloyd's of London issues a stark warning about potential insurance market turmoil in the Strait of Hormuz due to escalating US-Israel-Iran tensions, threatening global shipping.
A lucky UK ticket-holder has won £181 million in the EuroMillions draw, marking the third-largest National Lottery win ever and a life-changing fortune.
The Prudential Regulation Authority has imposed a £10 million penalty on UK Insurance Limited, an Aviva subsidiary, for overstating its capital position due to ineffective controls.
Legal & General's share price fell sharply as core operating profit of £1.62bn fell short of expectations, despite growth in key business areas and a major shareholder return program.