Sat.Feb 01, 2025

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‘He spent thousands’: how a bank team tries to rescue scam victims

TheGuardian

Santanders specialist squad aims to save customers from the grips of fraudsters offering romance and more A widowed pensioner is on the end of the phone and hes flustered. Hes expecting his girlfriend to move in with him next month. He has never met her, but he has photos of a young blonde woman and weeks of texts pledging her devotion. On an industrial estate in Bootle on Merseyside, Clare is trying to deflate his dreams.

Fraud 92
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Chopra out at the CFPB

American Banker

Former Consumer Financial Protection Bureau Director Rohit Chopra in a Feb. 1 letter to President Donald Trump confirmed that his "term as CFPB Director has concluded.

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Barclays IT glitch locks customers out of accounts for almost 24 hours

TheGuardian

Outage comes on HMRCs deadline day for settling self-assessment tax returns a pay day for many workers A serious IT glitch has left some Barclays customers locked out of their accounts throughout the night and almost 24 hours on from the banks initial outage. Barclays has apologised to customersand said it was currently facing intermittent errors with its payment system.

Taxes 91
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JPMorgan’s $4bn delivery of gold bullion adds to fears Trump’s tariffs will reshape global trade

TheGuardian

US bank, worlds biggest bullion dealer, says it will deliver raw material against contracts that will expire in February US banking giant JPMorgan plans to deliver $4bn of gold bullion weighing more than 937 tons to New York this month, before an anticipated escalation of Donald Trumps trade-rebalancing-tariff moves planned for Saturday. The US bank, the worlds biggest bullion dealer, said it would deliver the hefty raw material, weighed as 30m troy ounces of gold, or 1.875m lbs, against contrac

New York 111
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.