Higher tariffs likely this week, says US Treasury

Nationwide has been fined £44m for not having the right processes in place for detecting financial crime between 2016 and 2021. The building society had “ineffective systems” for assessing risk and monitoring the transactions of its customers, the Financial Conduct Authority (FCA) said. In one instance, Nationwide missed opportunities to identify unusual activity after £26m…

Discounted bus tickets are in place for people travelling across Hull over Christmas. The Hull Bus Alliance announced a group travel discount which started on Monday and will end on 31 December. Stagecoach East Midlands and East Yorkshire Buses are offering the Hull Card Group ticket for up to five people for £7. It is…

In total, the Bank reckons two out of five residential borrowers, close to four million, will face a similar situation in the next few years, with an average 8% rise in repayment costs. (Although it also points out one in three are likely to see lower repayments during this time).