The Financial Conduct Authority has announced a landmark shift in the regulation of contactless card payments in the United Kingdom. From 19 March 2026, the long-standing £100 cap on contactless
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The anticipated decline in UK interest rates throughout 2025 did not materialise as expected. At the close of the previous year, the Bank of England held its base rate steady
Three of Britain’s leading banks, Lloyds, NatWest, and HSBC, are facing sharp criticism following revelations that they leaned on a discredited study to inform decisions related to climate risk and
More than half a dozen of the United Kingdom’s largest insurers have been identified as potential bidders for Aegon’s UK arm, in a transaction expected to raise between £1.5 billion
Homeowners are taking on the largest share of high loan to value mortgages since 2008 as first time buyers push their finances to secure a place on the property ladder.
Leading voices at the Bank of England have issued a direct challenge to Chancellor Rachel Reeves’s claims regarding recent tax and minimum wage policy impacts on the employment market. Catherine
The Bank of England has signalled potential job losses among its workforce of nearly 6000 as part of cost-cutting measures to finance improvements in its economic forecasting. Governor Andrew Bailey
Ministers are under pressure to address a loophole that could see UK banks and specialist lenders avoid paying £2 billion in tax on compensation payouts linked to a major car
The Bank of England has announced a significant easing of capital requirements for the United Kingdom’s high street banks, marking the first relaxation of these rules since the 2008 global
The Governor of the Bank of England has issued a warning over recent criticism of the Office for Budget Responsibility amid rising tensions between the fiscal watchdog and Chancellor Rachel
Revolut has come under renewed regulatory examination following revelations that its billionaire chief executive Nik Storonsky has shifted his residency from the United Kingdom to the United Arab Emirates. The
The Bank of England is preparing to announce wide ranging changes to the rules that require banks to hold capital as a safeguard against failure. This move, expected later in
JP Morgan is set to build a new three billion pound headquarters in London’s Canary Wharf, an announcement that closely followed Chancellor Rachel Reeves’s recent budget. The move highlights the
Two leading Wall Street banks have unveiled significant expansion plans in the United Kingdom. JP Morgan has announced the construction of a new three million square foot tower in Canary
Shares in leading UK banks rose sharply amid growing confidence that the sector will escape new tax increases in Rachel Reeves’s forthcoming budget. On Tuesday, Lloyds shares climbed by 3.8
Revolut has solidified its status as a leader in Britain’s financial technology sector following a share sale that valued the company at seventy five billion dollars. This valuation marks a
