bank

Parents hit out at ‘stressful’ HMRC glitch after late child support payment leaves them ‘unable to put food on the table’ and caused bank overdrafts

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Are you affected by the delay? Email arthur.parashar@mailonline.co.uk Furious parents say they are unable to put food on the table after a glitch at HMRC meant some child benefit payments did not arrive as scheduled on Monday. HMRC has apologized after around 30 per cent of child benefit payments scheduled for June 3 have not … Read more

Child benefit delay: ‘I was forced to go to a food bank’

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image source, Victoria Arthur Image title, Victoria Arthur and two of her children Item information the author, Daniel Thomas role, Business reporter 1 hour ago When Victoria Arthur’s child benefit wasn’t paid on Monday, her immediate worry was that she wouldn’t be able to afford nappies and milk for her four-month-old daughter. Like many others, … Read more

Standard Chartered: UK bank accused of helping to finance terrorists

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Image title, Standard Chartered Bank has its headquarters in the city of London Item information the author, Andy Verity role, Economy Correspondent 2 hours ago A British bank that escaped prosecution for money laundering carried out billions of dollars in transactions for terrorist financiers, US court documents allege. Standard Chartered, one of the UK’s biggest … Read more

Digital bank Monzo reports first annual profit

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Unlock Editor’s Roundup for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Digital bank Monzo has reported its first annual profit since launching nearly a decade ago, as the London-based fintech benefited from higher interest rates and rising transaction and subscription fees. Neobanka, founded in 2015, reported a … Read more