‘Santander charged me £145 for £10 lottery tickets’
Sally says: The main winners from you signing up to this syndicate scheme seemed to be Lotto Social itself and your bank, Santander. The former did well,…
Jes Staley clings onto board role at New York charity
Jes Staley, the former chief executive of Barclays, is clinging onto his seat on the board of a high-profile New York charity despite quitting the bank over…
Competition watchdog investigates complaint over pressure on whistleblower
The competition regulator has launched an internal investigation into claims that one of its directors pressured a whistleblower to retract allegations of misconduct at its open banking…
Peer-to-peer lenders have failed to take on the banks
Next, the middlemen are more valuable than they look at first sight. Sure, the City’s bankers and brokers may well be overpaid. There may also be far…
Lloyds Bank under pressure to bring in four-day week
Trade unions are urging Lloyds Bank to become by far the biggest employer yet to introduce a four-day working week without cutting salaries. The bank has been…
Scottish households face ‘eye-watering’ council tax hikes
Scots have been warned that they face “eye-watering” council tax hikes after the SNP handed town halls unrestrained powers to ramp up bills. Unveiling her budget at…
The gift of the gab is not enough to lead the big firms of tomorrow
The pandemic has shone a spotlight on the lack of experience among some of those in key public sector roles. From the US jeweller who was paid…
Nationwide poaches TSB boss as its first female chief
Debbie Crosbie is to become the first woman to run Britain’s biggest building society after Nationwide poached her from rival lender TSB. The 175-year-old member-owned institution said…
Shops will become ‘cash machines’ to help rural communities
Local shops will become “cash machines” under a new scheme, following an alarming decline in access to physical money particularly for rural areas. Customers in select shops…
‘My £188,000 Isa is missing – four months later and I’ve still heard nothing’
Sally says: Transferring an Isa from one provider to another is supposed to be straightforward. In your case, you had already sold the investments held in your…
Bitcoin exchanges face digital tax raid
Bitcoin exchanges have been dragged into the Treasury’s tech tax after HMRC said they would not qualify for an exemption granted to financial services companies. The tax…
‘I lost £9,000 to the world’s most convincing scam’
Sally says: With the Black Friday weekend shopping frenzy in full swing and Christmas around the corner, I felt it timely to include your story as a…
Wirecard: A Billion Euro Lie, review – the thrilling scandal that had thousands of Germans fooled
Wirecard was allegedly perpetrating fraud on a staggering scale, accused of money laundering and inflating profits. One part of this, the film claimed, involved illegally distributing millions…
JP Morgan should make no apologies to the Chinese Communist Party
It is understandable that financiers might be worried about upsetting the Chinese authorities. Western banks and fund managers have been trying to break into what should become…
Buy shares in these banks to profit from rising interest rates
Investors who bet on the global banking sector have had a strong year. The industry has delivered returns of 37pc in 2021, beating the MSCI World Index…
‘Halifax took my final mortgage payment too soon, then charged me £1,000’
Dear Sally, I was in the happy position to pay off my 10-year mortgage with Halifax five years early and so arranged to make the final payment…
City regulator appeals for Bitcoin expertise as terrorists exploit cryptocurrencies
The City regulator is calling in Bitcoin experts to train its staff over fears that money launderers and terrorists using cryptocurrencies are steps ahead in the fight…