Sorting out the finances of a deceased loved one is a challenging task, but having a clear understanding of the probate system can greatly alleviate stress and save time. If you have been designated as the executor in a will, it is your responsibility to handle the financial affairs of the deceased. However, banks and …
The spokesperson for Santander has announced a temporary withdrawal of all their new business residential and Buy to Let fixed and tracker rates, effective from 7:30 pm on Monday, June 12. However, their product transfer range will still be available, and the full new business range will be relaunched on Wednesday, June 14. Customers who …
If you’ve stumbled upon this passage, I regret to inform you that you or someone close to you has recently fallen victim to a bank transfer scam. This type of fraud occurs when an individual deceives you into transferring your own money to an unfamiliar recipient. For instance, a scammer may pose as a member …
JP Morgan has come to an agreement to pay $290m (£232m) in order to settle a lawsuit that accuses the bank of knowingly benefiting from the sex-trafficking activities of its former client, Jeffrey Epstein. The banking giant states that it has reached an “agreement in principle” to settle the proposed class action initiated by an …
When sending money, most banks will notify you if the name on the bank account doesn’t match the name you entered for the transfer. If this occurs, take it as a reason to double-check. Be cautious of scammers impersonating children who claim they can’t access their usual bank accounts. Now read: Ever been a customer …
Freetrade, a start-up specializing in stock trading, has experienced a significant decrease in its valuation by 65%. This drop comes as the financial technology industry faces a sell-off and the markets slow down. The investing app, which is currently operating at a loss, is preparing for a crowdfunding campaign with a valuation of £225 million. …
The Prime Minister has received a letter from Britain’s largest banks, urging Rishi Sunak to hold Facebook-owner Meta and other American tech companies accountable for refunding individuals who fall victim to scams on their platforms. In an effort to combat online fraud, the banks, including Barclays, HSBC UK, NatWest, and TSB, emphasize the need for …
Inflation data for April, released on May 24, and higher-than-expected labor market data released on June 13, have led to a recent surge in mortgage rates. Over the past three weeks, the average rate on a two-year fixed mortgage has increased from 5.34% to 5.92%, resulting in an additional monthly cost of £70 for someone …
The world’s largest producer of natural soda ash has made the decision to cancel its planned £5.9bn London listing, delivering a significant setback to the city’s stock market. WE Soda, a UK-based company specializing in glassmaking ingredient production, cited “extreme” investor apprehension as the reason for scrapping the float. The firm, owned by Turkish media …