The current banking environment makes a focus on ESG vital to growth

When banks proactively adapt to climate and societal trends, modernize infrastructure, and weave ESG into decision-making, they enhance resilience and unlock new growth, writes Joe Myers, of Diebold Nixdorf.Chet Strange/Bloomberg In today's...

Commercial Banks Considering Relocating Call Centers Overseas

The banking sector, which operates call centers and security guards, has begun to prepare countermeasures following the National Assembly’s passage of the "Yellow Envelope Bill." Some banks are even considering relocating their call centers...

TSB apologises to customers after app and online banking go down

TSB has apologised after customers said they were unable to access its app and online banking services. Hundreds of customers were impacted by the outage on Monday afternoon which left users unable to see their finances. The DownDetector platform...

Over half of banks aim 10 pc cost reduction by 2030, integrating AI top priority: Report

A global report on Monday indicated that 53 per cent of banks plan to reduce costs by at least 10 per cent by 2030. As many as 29 per cent banks are aiming for reductions exceeding 20 per cent. However, only 24 per cent have met their cost...

TSB banking app down as hundreds of customers locked out of accounts

Hundreds of customers are reportedly unable to use the TSB banking app this afternoon. DownDetector, a website that tracks outages, shows issues started around 12pm, with 1,300 complaints recorded shortly after 2pm. TSB customers reported being...

UK Open Banking Now Has 15 Million Users, Report Claims

In a recent milestone for the UK’s financial sector, open banking has reached over 15 million users, encompassing both individuals and businesses, as of July 2025. This figure, equivalent to nearly one in three UK adults, reflects a remarkable...

Rip current danger high for Virginia Beach and parts of the Outer Banks on Labor Day

Beachgoers are urged to stay near lifeguards due to life-threatening rip currents in Virginia Beach and the Outer Banks this Labor Day. VIRGINIA BEACH, Va. — Beachgoers heading to Virginia Beach or the Outer Banks this Labor Day should use extreme...

Wise explores UK banking licence after abandoning London stock market listing

Money transfer company Wise is exploring the possibility of obtaining a UK banking licence after the fintech abandoned its primary listing on the London stock exchange earlier this year. The firm has approached financial services industry leaders...

TSB customers 'locked out of accounts as app and online banking down'

TSB is reportedly having difficulties with its app and online banking. Hundreds of customers are this afternoon (Monday, September 1) said to be unable to access their accounts. According to outage tracker DownDetector, issues started at about...

82% of banks globally plan to reduce cost base by over 10% by 2030: Report

82% of banks globally plan to reduce cost base by over 10% by 2030: Report Globally, the banks are setting ambitious cost-cutting and productivity targets, but few are fully prepared to deliver on them, said KPMG International’s latest report. The...

Asian banks fight fraud with AI, ISO 20022

Asian financial institutions are adopting AI-driven strategies to combat cybercrime, as the financial sector undergoes rapid digital transformation. This addresses surging financial fraud and increased compliance costs across the Asia-Pacific...

Golf Channel Host Cara Banks On Tyrrell Hatton's 'Alter Ego' And The Caddie Connection

The relationship between a professional golfer and their caddie is one of the most intricate and fascinating dynamics in all of sports. Together for hours, whether on the practice ground or on the course, they navigate pressure, strategy, and the...

CBK’s revised credit pricing impact on banks and borrowers

In a significant regulatory shift, the new loan rates tied to the Central Bank of Kenya (CBK)'s revised Risk-Based Credit Pricing Model (RBCPM) have come into effect today, September 1st. This new framework is anchored on the Kenya Shilling...

TSB app down: Online banking not working in hours-long outage

Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our...

Xiaomi power banks dangerous to use? Company is taking back 20000mAh battery packs globally

Xiaomi has announced a worldwide recall of its 33W 20000mAh Power Bank (Integrated Cable), following an earlier recall in China. The move targets model number PB2030MI, which was produced between August and September 2024. The company said the...

JPMorgan lifts Tesco price target, places stock on 'positive catalyst watch'

"We have been pretty consistent with our thesis , based on three premises: (i) Rational backdrop, (ii) substantial capital returns, and (iii) an appealing set-up on the stock (earnings & valuation upside risk)," the bank said. "We view these...

This Date in Baseball - Ernie Banks of the Chicago Cubs hit his 400th career home run

By The Associated Press Sept. 2 1929 — Joe Cronin of the Washington Senators hit for the cycle in a 10-7 win against the Boston Red Sox at Fenway Park. 1937 — For the second time this season, two batters opened a game with home runs. Boze Berger...

Morning Coffee: JPMorgan's giant hiring spree as bankers defect to Citi. The hardest place to leave a banking job

JPMorgan has lost a lot of managing directors (MDs) this year. Vis Raghavan, the bank's former head of global investment banking, keeps hiring them for his new job running the investment bank at Citi. It's not clear how JPMorgan feels about this,...

An aerial photo shows falling water levels have exposed the banks of Rooden Reservoir, northern England, as the UK experienced its warmest summer on record

RCL Foods banks on baking, groceries as sugar faces import pressure

01 September 2025 - 09:07 UPDATED 01 September 2025 - 18:25 by Nompilo Goba and Jacob Webster RCL Foods is leaning on its baking and groceries divisions to power growth after both delivered a strong turnaround, but the company has flagged rising...