Starling Bank has come under intense scrutiny after awarding its staff a significant increase in bonuses, despite facing regulatory penalties and profit challenges. The digital-only challenger bank announced a total
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The Bank of England’s chief economist, Huw Pill, has raised concerns that cutting interest rates too soon might sustain inflation at higher levels for longer. Speaking at a Barclays event,
Ian Stuart, the chief executive of HSBC UK, has revealed that the bank faces relentless cyber-attacks, making cybersecurity its largest expenditure. He informed MPs during a Treasury select committee hearing
City regulators are examining potential changes to the UK’s ring-fencing rules, which were introduced to safeguard consumer deposits by separating retail banking from riskier investment operations. The Bank of England’s
Revolut, the fintech giant based in London, has announced plans to invest more than €1 billion in France over the next three years. This significant expansion will establish Paris as
The government is on the cusp of fully reprivatising NatWest, with the taxpayers’ shareholding in the bank now reduced to less than 1 per cent. This latest step marks the
The Bank of London, a relatively new entrant to the UK financial market, is facing significant challenges as it comes under investigation by UK regulators. The Prudential Regulation Authority (PRA),
Megan Greene, a member of the Bank of England’s Monetary Policy Committee (MPC), has suggested that a global trade war, driven by tariffs introduced by former US President Donald Trump,
American tariffs imposed on the UK are unlikely to cause significant disruption to the British economy, according to Huw Pill, the chief economist at the Bank of England. Despite a
The future of Santander’s UK operations has resurfaced as a critical point of interest in financial circles, following revelations that NatWest attempted to acquire the business for an estimated £11
UK house prices rose by an average of 0.3% in April, defying expectations of a decline. According to Halifax, one of the nation’s largest mortgage lenders, this marks an improvement
The Bank of England is anticipated to announce its fourth interest rate cut since August as part of its efforts to stimulate the flagging UK economy. Analysts predict that the
The Federal Reserve has once again opted to leave interest rates unchanged amidst growing concerns over the American economy. The central bank’s decision marks the third consecutive occasion in which
Senior executives from leading banks, including HSBC, NatWest, and Lloyds, will meet with UK ministers this week to address growing concerns over restricted lending to small and medium-sized enterprises (SMEs).
Profits at Lloyds Banking Group took a hit as the high street bank allocated more funds than anticipated to cover potential bad debts stemming from the economic fallout of Donald
HSBC, the London-based bank with deep roots in Asia, has cautioned that US-China trade tensions are already taking a toll on global trade volumes. The bank, which is the world’s