Articles about Bank

• Latino-focused neobank DNERO is gearing up for its U.S. market launch, highlighted among March 2026's top five fintech product debuts. • The platform aims to serve underserved Latino communities with tailored digital banking services amid rising demand for inclusive finance. • DNERO's entry reflects surging investment in niche fintech startups targeting demographic-specific needs in the competitive U.S. landscape.

Drivers planning nearly 21m leisure journeys from Thursday to Monday despite soaring fuel prices, say expertsThe four-day bank holiday weekend is expected to be the busiest Easter on the roads in four years, despite a surge in fuel prices caused by the conflict in the Middle East.Drivers are planning nearly 21m leisure journeys between Thursday and Easter Monday, according to a study by the RAC and the traffic analytics specialists Inrix. Continue reading...

Incident in the city’s 8th arrondissement reportedly involved a homemade explosive deviceFrench police stopped an apparent bomb attack outside a US bank in Paris on Saturday when they arrested a man about to set off a homemade explosive device, officials and sources close to the case said.The incident occurred at roughly 3.30am in front of a Bank of America building in the city’s 8th arrondissement, a couple of streets away from the Champs-Élysées. Continue reading...

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange themLloyds Banking Group is facing a court battle with 30,000 aggrieved car loan customers who are set to abandon the City regulator’s official redress scheme amid fears it will shortchange consumers and favour lenders.The claims law firm Courmacs Legal is planning to file a £66m omnibus claim on behalf of borrowers who believe they were financially harmed by car loan contracts set up by Lloyds’ motor finance arm, Blackhorse. Continue reading...

• UBS announced on March 27, 2026, that its US subsidiary, UBS Bank USA, was approved by the Office of the Comptroller of the Currency for a national bank charter. • This approval expands UBS's US banking operations amid fintech sector growth. • The move positions UBS to compete more directly in the US digital banking landscape.

Aipac-backed lawmakers denounce ‘extremist’ violence in West Bank as support for Israel becomes a political liabilityAs Israeli settlers ramp up violent attacks on Palestinian civilians in the West Bank, often as Israeli forces stand by, denunciations are mounting in the US, even from Democratic legislators and public figures who are typically staunch defenders of Israel.In recent days, dozens of settlers have torched homes and vehicles and attacked Palestinians in apparently coordinated attacks. Since the start of the month, Israeli settlers and police have killed at least 10 Palestinian civilians in the occupied West Bank, including two young brothers and their parents as they returned from a Ramadan shopping trip. Continue reading...

Dozens of former Israeli military, police and spy chiefs describe situation as ‘organised Jewish terrorism’Middle East crisis – live updatesIsrael has not prosecuted its citizens for killing Palestinian civilians in the occupied West Bank since the start of this decade, , a Guardian analysis of legal data and public records show, creating impunity for a campaign of violence.Attacks have spurred former prime minister Ehud Olmert to call for an intervention by the international criminal court (ICC), to “save the Palestinians and us [Israelis]” from state-backed settler violence, carried out with the complicity and sometimes participation of the police and military. Continue reading...

• Bank of America reinstated coverage of Microsoft (MSFT) with a Buy rating and $500 price target, implying 31% upside potential on March 24, 2026. • Analysts cite durable multi-year growth in cloud and AI, positioning Microsoft to capitalize across infrastructure and applications. • The reaffirmation comes amid tech sector pressure from geopolitical tensions, highlighting AI monetization as a key beneficiary.

NYPD have yet to catch suspect who appears to be on losing streak after stealing limited funds from Chase banksAn allegedly well-practiced New York bank robber is on a losing streak – and still on the run – after hitting six Chase branches across Queens, Brooklyn, Harlem and the Bronx over five consecutive days and coming away with just $605, according to authorities.New York police have yet to catch the suspect, identified as 33-year-old Gustavo DeJesus Torres, who began holding up the banks on Friday, 13 March and informing tellers in a written note that they might get hurt if they didn’t hand over the cash he demanded. Continue reading...

• All major central banks adopted hawkish stances last week as energy market disruptions reignited inflation concerns, prompting global reassessment of monetary policy outlooks and eliminating prior rate-cut expectations. • U.S. Federal Reserve rate cut bets over the next 12 months have been priced out entirely, while most other advanced economies have begun pricing in additional rate hikes; the December Monetary Policy Report that implied a 25 basis point rate cut to 3.75% by Q4 2026 is now obsolete. • The combination of persistent energy price shocks and hardening central bank stances creates a "brutal combo for risk assets," with the dollar index remaining anchored in the 96.00-100.00 range as USD risks remain skewed to the upside during periods of financial market stress.

• The Federal Deposit Insurance Corporation announced rescission of its Statement of Policy on Qualifications for Failed Bank Acquisitions, effective March 23, 2026. • The move simplifies regulatory approach to bank resolutions amid ongoing financial policy adjustments under the Trump administration.

Witnesses describe coordinated raids in which homes and vehicles were set on fire and several Palestinians injured Middle East crisis live – latest updatesIsraeli settlers have carried out a series of attacks across the occupied West Bank, setting homes and vehicles on fire and wounding several Palestinians in what witnesses described as coordinated raids on communities.The violence, reported across at least half a dozen locations overnight from Saturday into Sunday, comes amid a wider surge in tensions in the territory. The official Palestinian news agency, Wafa, cited local sources as saying settlers had entered al-Fandaqumiya and the nearby town of Seilat al-Dahr, south of Jenin, late on Saturday. Continue reading...

• The U.S. Department of Energy announced a public-private partnership on March 20, 2026, to develop a major 10-gigawatt data center with dedicated power generation on a decommissioned uranium enrichment plant in Piketon, Ohio. • SoftBank, through SB Energy, is partnering with AEP Ohio to invest $4.2 billion in grid upgrades and new transmission lines, with companies asserting the project will not raise customer rates. • The initiative is part of the U.S.-Japan Strategic Trade and Investment Agreement and supports SoftBank's collaboration with OpenAI and Oracle on Stargate, an AI infrastructure project with potential $500 billion investment.

Company says tool to compare self-reported hours with computer estimates is for ‘awareness, not enforcement’Business live – latest updatesJP Morgan Chase has started to compare the hours junior investment bankers claim to have worked against logs on its IT system.The US bank said it would begin issuing reports to junior bankers that compare computer-generated estimates of their work weeks against their self-reported time sheets as part of a pilot scheme. Continue reading...

Kyiv sources say they think injection contained relaxant meant to make people more talkative in interrogationsHungarian security operatives administered a “forced injection” to one of the Ukrainians detained earlier this month during a dramatic raid on bank vehicles carrying gold bars and tens of millions of dollars and euros in cash, sources have told the Guardian.Hungary’s TEK anti-terrorism police detained seven Ukrainians from the state savings bank, Oschadbank, on 5 March. They were accompanying a convoy of two armoured cars from Vienna to Ukraine, as it transited Hungary in what Kyiv claims was a regular transfer of state funds. Hungarian officials have claimed it was money for the “Ukrainian war mafia”, without giving details. Continue reading...

Fed officials expected to lower capital requirements for banks such as Goldman Sachs and JPMorgan Chase by 4.8%Sign up for the Breaking News US email to get newsletter alerts in your inboxUS federal regulators are trying to soften bank requirements, loosening the amount of capital US banks must have in what would be some of the biggest changes to bank restrictions since the 2008 financial crisis and a huge win for financial institutions.On Thursday, US Federal Reserve officials are expected to vote to lower capital requirements – the funds they need to cover risky assets – for the biggest banks by 4.8%, which could free up capital for banks such as JPMorgan Chase, Goldman Sachs and Morgan Stanley. Continue reading...

Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shockBusiness live – latest updatesThe Bank of England has kept interest rates on hold amid growing fears over an inflation shock triggered by the US-Israel war on Iran.As households brace for a rise in living costs, the Bank’s rate-setting monetary policy committee (MPC) voted by a majority to keep its key base rate at the current level of 3.75%. Continue reading...

Rolling coverage of the latest economic and financial newsUK wage growth slows sharply as unemployment holds steadyFed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarUK wage growth has slowed to a five-year low, in a worrying sign for workers as the Middle East crisis pushes up energy costs.Average pay (excluding bonuses) rose by 3.8% in the three months to January, down from 4.1% in October-December 2025, the Office for National Statistics reports.“With unemployment staying steady at 5.2% and a rare gain in payrolls employment, this report paints a mildly more positive picture of the labour market. And with wage growth softer again, in normal times this would have been a relatively reassuring report for the Bank of England.But the report feels stale in light of the Iran conflict, and the inflation risks stemming from the large spike in energy prices. So while today’s Bank of England meeting had once looked like the likely point of the next rate cut, instead policy is set to be kept on hold today as policymakers give themselves more time to see how the conflict plays out. Continue reading...

Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for nowExplainer: What will happen when the £100 limit is scrapped?Shoppers will not be able to splash unlimited amounts on contactless cards despite the lifting of a £100 cap on payments as Britain’s banks held off on making changes.The official limit on individual contactless transactions on credit and debit cards has been scrapped but the UK’s biggest high street and challenger banks have kept the £100 ceiling in place. Continue reading...

Specialist lender’s shares plunge after short seller claims it will have to raise provision for compensation Business live – latest updatesThe banking group Close Brothers is to cut about 600 jobs and roll out the use of AI “at pace” after posting further losses in the face of a mounting compensation bill for the motor finance scandal.The specialist lender said the cuts – nearly a quarter of its 2,600-strong workforce – would be made over the next 18 months across its teams in the UK and Ireland. Continue reading...

Milan-based bank plans to up its near-30% stake in German lender to trigger formal talks despite strong opposition from BerlinTwo European banking powerhouses have become embroiled in a €35bn (£30bn) takeover battle after Italy’s UniCredit stepped up its long-running pursuit of German lender Commerzbank, despite strong opposition from the German government.UniCredit first took a stake of 9% in Commerzbank in September 2024 and has since built up its holding to just under 30%. It said on Monday it was pushing to increase that holding further and push the rival lender into formal merger talks. Continue reading...

• The American Fintech Council submitted a comment letter to Connecticut's Department of Banking on March 16, 2026, urging a risk-based AI governance framework for financial institutions using AI in credit underwriting, fraud detection, and customer service. • The framework emphasizes oversight tailored to AI use cases, prioritizing data privacy, transparency, and human oversight to support innovation while protecting consumers. • AFC CEO Phil Goldfeder stated, 'Regulatory guidance should recognize that these technologies often enhance existing processes rather than replace them.'

• Senate Banking Chairman Tim Scott (R-SC) and Ranking Member Elizabeth Warren (D-MA) released the 21st Century ROAD to Housing Act, merging House H.R. 6644 and Senate S. 2651. • Provisions restrict large institutional investors from single-family home purchases, prohibit Federal Reserve digital dollar, and expand manufactured housing via HUD standards. • Bill reflects Trump administration priorities, eliminates chassis requirements for manufactured homes, and reauthorizes PRICE grants for community preservation.

Mother, father and brothers aged five and seven shot in their car as they returned from Ramadan shopping tripIsraeli police have killed two young Palestinian brothers and their parents in the occupied West Bank, shooting all four in the head and face as the family returned from a Ramadan shopping trip.Mohammed, five, Othman, seven, who was blind and had special needs, their mother Waad Bani Odeh, 35, and father Ali Bani Odeh, 37, were driving through their hometown of Tamoun late on Saturday when Israeli forces opened fire. Continue reading...

Federal Reserve Governor Michelle Bowman supported a proposal strengthening capital requirements for banks' trading desks, calibrated to U.S. capital markets. The rules aim to enhance resilience without stifling market-making activities. This comes amid volatile conditions from geopolitical risks and inflation pressures. Implementation could influence bank profitability and lending in the coming quarters.

Exclusive: Guardian investigation finds data from flagship medical research leaked dozens of timesConfidential health data has been exposed online on dozens of occasions, a Guardian investigation can reveal, raising questions about the safeguarding of patient records by one of the UK’s flagship medical research projects.UK Biobank, which holds the medical records of 500,000 British volunteers, is one of the world’s most comprehensive stores of health information and is credited with driving breakthroughs in cancer, dementia and diabetes research. But scientists approved to access Biobank’s sensitive data appear to have sometimes been cavalier about its security. Continue reading...