Category : Finance Banking


HSBC May Cut 20,000 Jobs in AI Restructuring

HSBC's CEO Georges Elhedery announces plans to shrink middle and back offices, potentially eliminating 10% of the workforce through AI integration and business exits over 3-5 years.

UK Banks Hand Out Up to £500 in Free Payments to Customers

Lloyds, Barclays, Santander, First Direct, NatWest, and The Co-operative Bank are providing customers with free cash payments ranging from £150 to £500 through various switching offers and account incentives. Eligibility criteria and application details a

ISA Savers Warned of 'Loyalty Penalty' Trap Beyond April 2026

Financial experts caution UK savers about the 'biggest trap' of ISA loyalty penalties, urging vigilance beyond the April deadline as Middle East conflict reshapes interest rate forecasts and competitive deals may emerge later in the season.

Nationwide's Final Alert for £100 Fairer Share Bonus

Nationwide Building Society issues a critical warning to Birmingham customers about the final opportunity to qualify for the £100 Fairer Share payment, with eligibility hinging on account activity before March 31.

HMRC Exempts Some Pensioners from Tax Over £23 Gap

HMRC confirms state pensioners relying solely on DWP income won't pay tax despite Triple Lock pushing pensions near the £12,570 allowance threshold, while others with additional income remain at risk.

UK Scraps £100 Contactless Limit, Fraud Warnings Issued

The £100 contactless payment limit on UK credit and debit cards is being removed from Thursday, March 19, allowing banks to set their own limits. Financial experts warn this increases fraud risks and potential overspending.

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