The Chancellor Rachel Reeves is facing mounting criticism over her approach to the UK’s tax system, with Lord King, former Governor of the Bank of England, warning that her plans
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NatWest has reported a sharp rise in profits, buoyed by an increase in its net interest margin and strong loan growth, marking its best quarterly performance since before its government
Lloyds Bank has stated it will contest the Financial Conduct Authority’s (FCA) expansive plans for an £11bn car finance compensation scheme, after the mounting cost of the scandal significantly hit
Barclays has faced a fresh setback after the collapse of US subprime lender Tricolor resulted in a £110 million impairment, casting a shadow over its latest quarterly results. The FTSE
Andrew Bailey, governor of the Bank of England, has voiced deep concern over the striking similarities between recent developments in US private credit markets and the conditions that preceded the
Shawbrook, the specialist lender rooted in Essex, is preparing to make a significant return to the London Stock Exchange, targeting a valuation of up to £2 billion through its initial
JP Morgan has unveiled its new global headquarters, a sixty storey skyscraper at 270 Park Avenue, New York, at a reported cost of three billion dollars. Designed by Lord Foster,
Starling Bank, the fast-rising UK digital bank, has taken significant steps towards a potential initial public offering by restructuring its corporate framework. Updated filings at Companies House reveal the creation
Andrew Bailey, governor of the Bank of England, has delivered his strongest warning yet regarding the economic fallout from Brexit, stating that the repercussions on the UK economy will remain
The recent stock market rout that rocked the United States and Europe has been driven by a potent mix of uncertainty and fear. What began with the collapse of two
Morgan Stanley has posted stellar third quarter results, decisively outpacing its rivals with a sharp rise in profits and revenues during a surge in US dealmaking activity. The Wall Street
The City of London is set for a major shake-up as UK regulators loosen bonus rules for bankers, aiming to fortify the Square Mile’s standing amongst the world’s top financial
Bosses at Jefferies, the US investment bank valued at £8bn, are working tirelessly to shore up investor confidence following their entanglement in the £9bn bankruptcy of car parts maker First
The ongoing fallout from the UK motor finance scandal is placing severe financial strain on Lloyds Banking Group and Close Brothers, with both lenders announcing that compensation costs will materially
HSBC has moved to consolidate its position in Asia by announcing a £10.7 billion-pound acquisition of the remaining 36 per cent of Hang Seng Bank that it does not already
Britain’s largest banks have seen their valuations soar by over £5bn after the Financial Conduct Authority (FCA) unveiled a smaller than anticipated car finance compensation pot. Shares in Close Brothers