Banking

Leading American investment banks have posted exceptional fourth-quarter profits, driven by renewed optimism in the world's largest economy, which has catalysed deal-making and stock trading activities. JPMorgan Chase emerged as the…

The Bank of England might need to implement between five to six interest rate cuts over the coming year, according to a key policymaker who has voiced concerns about the UK's stalling economy. Alan Taylor, an external member of the Monetary…

Recent data from Nationwide, the UK's largest building society, reveals a significant upward trend in cash usage, marking the third consecutive year of growth. Nearly 33 million cash withdrawals were recorded from Nationwide ATMs in 2024,…

Price controls and inflation-linked adjustments overseen by the government are poised to maintain elevated inflation levels throughout 2025, creating additional challenges for the Bank of England's interest rate strategy. Research from…

Lloyds Banking Group has unveiled plans to permit customers of Halifax, Lloyds and Bank of Scotland to utilise branches across all three brands, igniting concerns about potential widespread closures and redundancies. The transformation…

The banking giant NatWest is poised to achieve a significant milestone as it approaches complete private ownership, marking the end of a 16-year journey since its £45 billion taxpayer bailout during the 2008 financial crisis. The…

British economists are forecasting at least four interest rate cuts by the Bank of England in 2025, as the central bank grapples with weak economic growth. A comprehensive survey of 51 leading economists by The Times indicates the base rate…

Growing scepticism within the Bank of England regarding the creation of a digital pound is casting significant doubt over the launch of a central bank digital currency before 2030. The ambitious project, initially viewed as a revolutionary…

In a significant policy reversal, Pakistan has abandoned its planned tax on banks' profits from government debt mere days before implementation, following intense pressure from the banking sector. The proposed levy, designed to stimulate…

The meteoric rise of British digital challenger bank Starling has encountered significant headwinds, following a £29m fine from financial regulators over what they described as "shockingly lax" financial crime controls. The penalty marks a…

British financial regulators are poised to implement unprecedented oversight of technology firms providing essential services to UK banks, addressing mounting concerns over potential cyber-attacks and system failures that could destabilise…

British banks have emerged as the standout performers among UK shares in 2024, capitalising on elevated interest rates that have significantly enhanced the sector's profitability despite lingering concerns about domestic economic recovery.…

The Wall Street banking giant JP Morgan has entered into a significant legal confrontation with VTB Bank, a Kremlin-backed institution, in London's High Court. The dispute centres on more than £318 million of frozen Russian assets, marking…

The Bank of England has opted to maintain its benchmark interest rate at 4.75 per cent, despite downgrading growth forecasts and acknowledging persistent inflation concerns. The decision, reached by a six-to-three majority of the Monetary…

The Bank of England is poised to maintain interest rates at 4.75 per cent following inflation's rise to its highest level since March. Market analysts anticipate the monetary policy committee will deliver an 8-1 vote favouring policy…

British inflation rose to 2.6 per cent in November, reinforcing expectations that the Bank of England will maintain current interest rates during Thursday's monetary policy meeting. The increase, reported by the Office for National…

In a significant blow to the UK banking sector, Barclays has announced plans to appeal after losing a crucial High Court case concerning car loan commissions. The ruling threatens to unleash billions of pounds in compensation claims against…

Small-scale investors who backed fintech company Revolut in 2016 are poised to become millionaires following a revolutionary change in share-selling rules. These early adopters, who invested through the Crowdcube platform, are expecting…