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Barclays is axing its monthly loyalty bonus payments for Blue Rewards scheme members in a shake up of its rewards.

The mortgage rate cuts from HSBC come into effect from today after Barclays reduced rates on Tuesday, while NatWest announced cuts on Friday

The boss of Barclays said it is unrealistic for banks to abandon oil and gas, as he hit back at growing scrutiny of the ties between finance firms and the fossil fuel industry.

Calls from campaigners and activist investors for banks to abandon financing for the oil and gas industry are unrealistic, according to the top executive of banking giant Barclays. Banks “cannot go cold turkey” on financing the oil and gas…

Other lenders likely to follow suit as analysts say cuts of up to 0.31 percentage points could fuel ‘summer of savings’

Three major lenders have cut mortgage rates in what could be the start of a downward shift in interest rates.

The bank is changing its Blue Rewards scheme (Picture: Rex/Reuters)

Last week, high street bank Barclays announced that it would scrap the monthly £5 cash payments customers could get as a Blue Reward member from September 4

Brooklyn will get a shot of "Espresso" on Sept. 30.

Banks expected to improve fixed-rate deals ahead of forecast Bank of England rate cut in August

Barclays is overhauling its 'Blue Rewards' loyalty scheme for 100,000s of customers by scrapping monthly cash payments and adding Apple TV+ instead.

Plans have been put forward to convert the former Barclays bank in Wisbech town centre into 24 new flats.

Products with the biggest cuts include a two-year fixed with £899 product fee - 60 per cent loan-to-value (LTV), min loan £5k, max loan £2m

The move follows an easing of swap rates in the City ahead of an expected Bank of England rate cut in August

The reductions come despite the fact the Bank of England refused to cut the base rate from its 16 year high of 5.25 percent last week.