Banking

Investment bankers across Wall Street are poised to receive substantial bonus increases of up to 35 percent this year, with market sentiment bolstered by the prospect of a second Trump presidency and improving deal flow conditions. The…

The British car loans division of BMW has been compelled to allocate more than £70 million to address potential customer compensation related to the mounting motor finance commission scandal. This provision from the German automotive giant…

In a significant move towards complete privatisation, NatWest has executed a £1 billion share buyback from the Treasury, diminishing the government's ownership to 11.4 per cent. The FTSE 100 bank purchased 263 million shares at 380.8 pence…

Senior political figures and business groups are intensifying their demands for Lloyds Banking Group to publish a crucial report investigating a £1 billion fraud scandal. The Dame Linda Dobbs review, which examines allegations of a cover-up…

The Bank of England's base rate is one of the most important economic levers in the United Kingdom, influencing everything from mortgage rates to the value of the pound. Recent economic indicators have led to speculation that the Bank may…

The current situation in the UK mortgage and savings market underscores the complex interplay between central bank policies, market expectations, and global economic factors. While the Bank of England's rate cut might suggest lower…

The Bank of England stands ready to implement its second interest rate reduction of the year, with economists widely expecting a cut to 4.75 per cent at Thursday's meeting. The nine-member Monetary Policy Committee (MPC) is predicted to…

A groundbreaking court ruling involving a £1,651 commission on a Suzuki Swift could trigger a devastating £13 billion compensation crisis for the car finance industry. Marcus Johnson, a 34-year-old factory supervisor from Cwmbran,…

Major car finance companies have suspended lending operations following a groundbreaking Appeal Court ruling, throwing Britain's automotive sector into disarray. The judgement, which found lenders liable for undisclosed commissions, has…

Leading financial institutions have engaged in urgent discussions with the UK Treasury amid growing concerns about potential upheaval in the consumer credit sector following a groundbreaking court ruling on car finance commissions. The…

Lloyds Banking Group said that it is assessing the impact of , a landmark ruling by a court on Friday over mis-selling of car finance. This could lead to lenders compensating borrowers in billions of pounds. The bank did not provide any…

After a judge ruled that auto finance companies had hidden commission payments from their customers, borrowers could bring claims against banks totaling billions of pounds for mis-sold mortgages. Lloyds Bank announced on Monday that they…

Global investment banks are expecting UK debt sales to reach £300bn this year, the second highest on record. The government is preparing for a showdown against bond investors during this week's Budget. Gilts could have their worst month…

Barclays' British High Street business performed better than expected, and its investment bank has resumed deal-making. This led to a larger than forecast increase in the lender’s quarterly profit. The FTSE 100 results on Thursday were a…

The UK's largest mortgage lender, which is also the country's largest bank by assets, has raised its expectations for house prices to rise this year. It has also posted a better-than-expected quarterly profit as customers are more…

HSBC bankers are bracing for job loss after the new boss announced the largest overhaul in decades. The lender's operations will be divided between East and the West to reduce costs due to mounting geopolitical tensions. Georges Elhedery…

Volkswagen's motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in compensation. This is for its "serious failures" in treating customers in distress. The Financial Conduct Authority…

Goldman Sachs forecasts that the Bank of England will cut interest rates faster than investors expect over the next 12 months. Researchers from the Wall Street Investment Bank said that UK's real underlying interest rate has increased to…