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UK banks told to reimburse customers tricked by scams

By Huw Jones LONDON, Sept 29 (Reuters) - Banks will have to reimburse within 48 hours customers tricked into sending money in a type of online scam that has become Britain's largest type of payment fraud, the Payment Systems Regulator proposed on Thursday. The PSR proposed that banks must reimburse payments over 100 pounds ($107.39) in "authorised push payment" (APP) scams.
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UK banks told to reimburse customers tricked by scams

By Huw Jones LONDON, Sept 29 (Reuters) - Banks will have to reimburse customers tricked into sending money in a type of online scam that has become Britain's largest type of payment fraud, the Payment Systems Regulator proposed on Thursday. The PSR proposed that banks must reimburse payments over 100 pounds ($107.39) in "authorised push payment" (APP) scams.
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JPMorgan doubles down on UK retail bank Chase

By Iain Withers LONDON, Sept 28 (Reuters) - Wall Street giant JPMorgan JPM.N is planning to double the size of its workforce at fledgling British retail bank Chase to at least 2,000 within two years, the CEO of the venture told Reuters, despite losses and some investor scepticism. JPMorgan said it had attracted one million customers and more than 10 billion pounds ($10.8 billion) of deposits to its UK mobile app bank since its launch last September.
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JPMorgan doubles down on UK retail bank Chase

By Iain Withers LONDON, Sept 28 (Reuters) - Wall Street giant JPMorgan JPM.N is planning to double the size of its workforce at fledgling British retail bank Chase to at least 2,000 within two years, the CEO of the venture told Reuters, despite losses and some investor scepticism. JPMorgan said it had attracted one million customers and more than 10 billion pounds ($10.8 billion) of deposits to its UK mobile app bank since its launch last September.
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Global rates, retail banking included in Bank of England stress test

LONDON, Sept 26 (Reuters) - Banks' ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny in this year's "stress test", the Bank of England said on Monday. The test checks if banks hold enough capital to cope with theoretical shocks and aims to avoid a repeat of situations where taxpayers have to bail out lenders as they did in the global financial crisis more than a decade ago.
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