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Friday, September 19, 2025
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Italian banks’ shares plunge after ministers back tax on profits

Shares in Italian banks have plunged after the Cabinet approved a proposal to apply a temporary tax on some profits this year to help...

Wells Fargo to pay $3.7bn over consumer loan violations

Consumer banking giant Wells Fargo has been ordered to pay $3.7 billion in fines and refunds to customers by US government regulators, the largest...

Credit Suisse to pay £207.5m to settle French tax fraud case

Credit Suisse has agreed to pay 238 million euros (£207.5 million) to settle tax fraud allegations, French prosecutors have said, in the latest blow...

Barclays fined £26m over treatment of credit customers during pandemic

Britain’s very own Barclays Bank is being fined £26m over the treatment of some credit customers who fell in arrears or experienced financial difficulties. The...

Investec to slash 210 UK banking jobs

Investment banking giant Investec has confirmed plans to axe 210 jobs at its London headquarters after battling the “challenging economic backdrop”. The company said it...

Credit Suisse to shut 37 bank branches in Switzerland

Swiss bank Credit Suisse said it plans to close 37 branches in its home country as part of an effort to streamline its business,...

Shareholders lose multimillion-pound legal battle against Lloyds

Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London on Friday dismissed an action by...

Barclays halts ‘last in town’ and remote branch closures in UK for two years

Barclays has pledged not to close branches in remote areas of the UK or where it is the last bank in town for the...

Five banks fined €1.07bn over foreign exchange cartel

Five banks handed a €1.07bn fine for taking part in a foreign exchange spot-trading cartel, the European Commission has announced. Barclays and Royal Bank of...

German police search Deutsche Bank offices in tax haven case

German authorities have searched the headquarters of Deutsche Bank in Frankfurt and other offices on the suspicion that bank employees helped clients set up...

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