Banking heavyweight JP Morgan has secured a significant legal victory in a sex discrimination tribunal, successfully defending itself against claims brought by female analyst Saidya Najeeb. The analyst had alleged
Banking12- Page
364Articles
Consumer reliance on credit cards has accelerated sharply in the lead up to Christmas, with outstanding card debt reaching nearly £78 billion in November. The Bank of England’s data revealed
HSBC has emerged as the first major British lender to reduce mortgage rates in 2026, initiating what industry observers anticipate could develop into a sustained period of competitive pricing amongst
Shares in MobilityOne Limited surged more than 75 per cent to 3.33 pence following the announcement of a significant regulatory development in its expansion into Islamic digital banking. The company,
PayPal is embarking on an ambitious expansion strategy in the United Kingdom, introducing its own debit and credit card offerings alongside a comprehensive loyalty scheme as the payments giant seeks
The British banking sector is experiencing an unexpected reversal in its decade-long retreat from physical locations. Major financial institutions are now committing to preserve existing branches and, in select cases,
Two executives from a private equity group, previously involved in the controversial takeover of Maker and Son, have been barred from serving as company directors following allegations of serious misconduct
The United Kingdom’s economic growth was lower than anticipated in the spring, preceding a significant decline in household living standards, according to the latest official statistics. The Office for National
Gold has soared to an unprecedented height, surpassing 4400 dollars an ounce as markets anticipate additional United States interest rate cuts. This surge has elevated bullion prices by more than
The United Kingdom has endured a challenging 2025, with stagnant growth, persistent inflation, and nervous bond markets contributing to a decidedly subdued economic mood. Despite these difficulties, there are emerging
Monzo Bank is confronting a period of turbulence as major shareholders express discontent following the resignation of chief executive TS Anil. Several investors, who collectively state that they hold half
The Bank of England’s governor, Andrew Bailey, has called for Britain to brace itself for a wave of job displacement driven by artificial intelligence. Comparing the trend to previous technological
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
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