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A monthslong test with some of the world’s largest banks found that digital dollars could be an effective way to improve domestic and cross-border payments, according to a unit of the Federal Reserve Bank of New York. A report adds: The Fed’s New York …
National Audit Office criticises Department for Work and Pensions over its ‘material fraud and error’Thousands of people in the UK could receive a payout after official figures revealed that benefit claimants were underpaid by £3.3bn last year, the hig…
Prediction comes despite consumers using more credit to offset cost of living crisisCurrys expects sales to continue to fall this year as households delay replacing TVs and laptops despite using credit to buy more energy-efficient appliances such as be…
FCA tells NatWest, Lloyds, HSBC and Barclays to act more quickly to support consumers after profiteering claimsThe City regulator has urged the UK’s largest high-street banks to “accelerate” savings rates following a meeting with chief executives, who …
Spotify is no longer supporting Apple’s in-app purchase system. In an email to affected subscribers, Spotify says: “We’re contacting you because when you joined Spotify Premium you used Apple’s billing service to subscribe. Unfortunately, we no longer …
Rate is at highest level since last November, and average two-year fix is now 6.47%A typical five-year fixed mortgage deal in the UK now has an interest rate of more than 6%, putting further pressure on borrowers who are hoping to buy a home or reachin…
Five Tory-led councils take legal action in bid to block Sadiq Khan’s plans to extend ultra-low emission zone to whole of capitalLondon’s mayor Sadiq Khan “lacks the legal power” to extend the ultra-low emission zone (Ulez) to the whole of the capital,…
Financial Conduct Authority to meet executives on Thursday as part of its investigation into savings marketUK bank bosses have been summoned to a meeting with the financial watchdog this week amid mounting concerns that they are profiting from rising i…
Telecoms providers added ‘insult to injury’ as prices rose, says report by Which? for year to January 2023More than half of UK broadband customers have experienced problems with their connections, according to a report that says telecoms providers are …
Donald Felix Zampach collected over $830,000 in his mother’s social security and military retirement paymentsA California man has pleaded guilty to hiding his mother’s death for more than three decades while he collected her social security and militar…