Banking

Metro Bank's chairman met with the UK's leading financial watchdogs Thursday. The bank is looking to raise up £600mn by selling a third or its mortgage book to improve its balance sheet. Metro, one of a new crop of challengers banks in…

Revolut and its largest investor SoftBank have agreed to simplify their ownership structure. This removes one of the obstacles that Revolut faced in gaining a long-awaited banking license on its home market. Revolutand Japanese investor…

Metro Bank wants to raise as much as £600mn, after its shares have fallen by almost 50% in the last few weeks. People familiar with the matter said that a UK challenger bank was in discussions with investors to raise £250mn as equity…

Yesterday, government bond yields surpassed the 5-percent level and reached their highest point ever since the Bank of England intervened in the debt markets to stop the fallout from Liz Truss’ mini-budget as well as a fire sale of…

Andrew Hauser, the Bank of England's head of markets, said that during stressful times it will create a permanent facility to lend money to non-bank institutions like pension funds and insurers. Hauser, in a speech, emphasized the need…

Moody's Credit Rating Agency has warned against a "race to bottom" among banks and private funds that finance leveraged buyouts with high risk. It believes this will increase systemic financial risks in the US. Rating agency warned on…

JPMorgan UK's bank will ban customers from buying cryptocurrency as of next month, to combat the increasing number of criminals who use digital assets to target their victims. The Chase UK ban, which was notified to customers via email…

The dollar rose on Monday, as investors took their cues directly from the central banks and prepared themselves for a long period of high US rates. The yield of the benchmark 10-year US Treasuries increased by 0.10 percentage points,…

The US Securities and Exchange Commission has fined German asset manager DWS $19mn for greenwashing. This is the highest amount the regulator has ever imposed on an investment advisor. The Securities and Exchange Commission charged the…

Hedge funds have been rushing to unwind bets against Britain's £2.5tn government bond market as investors become increasingly convinced that the Bank of England is nearing the end of its rate rising campaign. The total value of the UK's…

The Bank of England kept borrowing costs constant for the first since November 2021, and the pound fell to its lowest point in six months. Bond yields also rose. Investors sold the pound, pushing it 0.5 per cent down against the dollar,…

After almost two years of rising rates, the Bank of England held its interest rate at 5.25 percent. Investors reduced their expectations of further rate increases after Thursday's decision. After the decision, mortgage rates will also…

The financial markets and economists expect the Bank of England will raise interest rates another quarter point during its meeting on Friday, bringing the cost of borrowing up to 5.5%, its highest rate since early 2008. The increase…

The European Central Bank has raised interest rates to an all-time high in a bid to cool consumer prices, but the euro fell after the central bank signalled its cycle of increases was near its end. The ECB's knife-edge decision to lift…

The European Central Bank (ECB) has attacked Italy's windfall taxes on banks. It warned that the tax could make the sector more susceptible to an economic recession and encouraged Rome to carefully evaluate the impact of this levy. The…

UBS is moving Credit Suisse from the Canary Wharf building of the bank that collapsed. This will be a major blow to London's financial district which has already lost HSBC , a landmark tenant. Credit Suisse London staff received a memo…

One of Bank of England’s hawkish policymakers said on Monday that she didn’t support pausing the interest rate increases, and that the UK Central Bank still had to do more to make sure that tighter monetary policies were working.…

SoftBank's $50bn flotation of Arm is more than five times oversubscribed, according to bankers pitching investors on the biggest initial public offering in nearly two years, as the UK-based chip designer forecast accelerating revenue growth…