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European shares break four-day losing streak on Fed Powell’s dovish remarks

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 4, 2019. REUTERS/Staff (Reuters) – European shares rose on Thursday, breaking a four-day losing streak, after U.S. Federal Reserve Chair Jerome Read more ›

UK watchdog shakes up ‘dysfunctional’ bank overdraft market

LONDON (Reuters) – Britain’s banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future Read more ›

EDF Energy becomes second UK supplier to announce 10 percent price rise

FILE PHOTO: The logo of Electricite de France SA (EDF) is pictured on the facade of a building in Paris, France, August 5, 2018. Picture taken August 5, 2018. REUTERS/Regis Duvignau/File Photo LONDON (Reuters) – EDF Energy will raise its Read more ›

British banks’ new disputes service too limited, MPs say

LONDON (Reuters) – Big British banks have been criticised by lawmakers for pressing ahead with plans for a new complaints service for small firms wronged by lenders, which they argue is too soft. FILE PHOTO: The City of London from Read more ›

Out of fashion? H&M tests new store to get back in vogue

STOCKHOLM (Reuters) – Step into one of the more than 4,300 H&M (HMb.ST) budget fashion stores around the world and you often know what to expect: clothes racks crammed with tops, trousers and skirts in a spartan and sometimes cluttered Read more ›

UK regulator caps energy prices to save households about a billion pounds a year

LONDON (Reuters) – Britain’s regulator on Thursday proposed a price cap on default energy bills to save households about a billion pounds a year and aims to implement it in time for winter following a government promise to tackle “rip-off” Read more ›

Britain’s TSB hit by another IT glitch, angering some customers

LONDON, Sept 3 (Reuters) – Britain’s TSB was hit by another technology glitch on Monday, the latest since a botched IT upgrade in April resulted in one of the country’s worst banking outages. TSB chief executive Paul Pester was criticised Read more ›

RBS customers take to Twitter to complain of card payment problem

LONDON (Reuters) – Customers of Royal Bank of Scotland’s (RBS.L) NatWest brand complained on Twitter on Thursday that they were unable to make debit card payments, with their cards being repeatedly declined. FILE PHOTO: The logo of NatWest Bank, part Read more ›