8 h. ago DWP new bank account checks branded 'sledgehammer' that could 'punish' claimants

The Department for Work and Pensions could soon be granted new powers to look at the financial transactions of those claiming benefits

Economics

8 h. ago DWP 'sledgehammer' bank account policy warning for disabled people

Critics of new proposed powers for the DWP warned that it could disproportionately affect those claiming disability benefits

Events

33 h. ago HMRC breaks silence over powers to check 'every' UK bank account

The DWP are clamping down on fraud, and staff are now being given the power to access bank accounts and take cash.

Economics

40 h. ago Terrifying 'safe account' bank scam that could drain all your money

MoneyMagpie Editor and financial expert Vicky Parry warns how savvy hackers and fraudsters could get hold of your money online

Economics

3 d. ago DWP says these groups 'including schools' target for sweeping anti

Investigators will also be able to request bank account details

Events

3 d. ago HMRC alert over 'bulk data' powers to check 'every UK bank account'

New powers are being considered to allow HMRC officials to request details from banks in a crackdown on DWP benefit fraud after Parliament discussions on new laws

Economics

3 d. ago HMRC discusses new powers to monitor 'every UK bank account'

Officials could be able to directly take money from people's bank account under new laws

Economics

4 d. ago Elderly woman thought she was helping the 'police.' They were fraudsters stealing her money

Those behind the scam told the woman that cash notes she had at home were forged, and asked her to withdraw thousands from her bank account

Events

5 d. ago Cops say Scot 'murdered' in Kenya had £12k drained from his bank account

Around two million Kenyan Shillings was taken from Campbell Scott's account in what is believed to have been multiple withdrawals by the men suspected of his murder.

Economics

5 d. ago House hunters warned as these 'hidden' repairs will 'cost you thousands'

If you're looking to buy a house beware that some repairs can drain your bank account.

Events

5 d. ago Devious daughter who stole life savings from dying mum escapes jail sentence

Pauline Gilhooly cashed fraudulent cheques from her mum's bank account.

Events

6 d. ago DWP update on who will be will be targeted in bank account checks

Officials will be able to look at bank statements and directly take funds from accounts

Economics

7 d. ago Get paid to move banks: Best current account switch offers worth up to £175

It’s not just about the cash bonus either - better interest rates or other perks are available if you switch

Economics

7 d. ago ‘We spent £100,000 doing a gig in a scout hut!’ The Beta Band on debt, disastrous decisions – and their defiant comeback

Fiercely original and stunning live, they should have been massive – but they imploded. As the Scots return, they relive disowning their debut album, blowing Top of the Pops – and getting shocks off their battery-powered illuminated suitsSteve Mason is remembering the day in 2004 he was told the Beta Band was over. “There was enough money in the bank account to pay each of us a month’s wages,” says the singer, seated in a busy London greasy spoon. “And by that point, we were only on a grand a month. Then that was it.”For the previous eight years, life in the band formed in the Scottish seaside town of St Andrews had been one of constant reinvention and innovation. They’d made fiercely original records and experimental films, while putting on visually stunning live extravaganzas. Their transatlantic fanbase included Oasis, Radiohead, Irvine Welsh and actor John Cusack, who’d recommended their song Dry the Rain for a now-famous scene in High Fidelity. Playing a record store assistant,...

Economics

9 d. ago Secrets of Lord Lucan revealed as box of personal possessions unveiled for first time

The extraordinary collection includes Lucan's chequebook, a signed letter from F1 legend Graham Hill and porn photos - alongside bank statements, a betting account and even his milk bill

Politics

1 week ago Major bank accidentally credits client $81TRILLION instead of $280

It was only when a third employee flagged a problem with the bank's account balances that the payment was caught - an hour and a half after it was posted

Economics

1 week ago Citigroup credited client’s account with $81tn before error spotted

US bank meant to send $280 but no funds were transferred despite ‘fat finger’ mistakeThe US bank Citigroup credited a client’s account with $81tn when it meant to send $280 – before the “fat finger” error was caught.The mistake was spotted only after two employees had missed it, and a third employee rectified it 90 minutes after it was posted, the Financial Times reported. No funds left the bank. Continue reading...

Economics

1 week ago People urged to watch out for fake winter fuel bill help in new phone scam

International criminals are tricking people into handing over full access to their bank account.

Politics

1 week ago Two arrested over murder of British businessman ‘kidnapped, tortured and dumped in sack’ in Kenya

Police believe Campbell Scott was held in Nairobi slum while captors attempted to steal money from his bank account

Events

2 w. ago Last sighting of missing Brit is revealed as police in Kenya find body in a sack 'and say they fear the businessman was abducted so crooks could empty his bank accounts'

Campbell Scott was attending a conference in Nairobi when he was last seen on February 16. A taxi driver and waiter have now been arrested on suspicion of his abduction and murder, reports say.

Economics