Banking

Bank of England Governor said that he expects "quite a fall" in the inflation rate to be around the 2 percent target level when the official figures are released on Tuesday. He also predicted that the central bank will cut interest rates in…

Virgin Money UK shareholders will vote on the proposed £2.9billion takeover of Nationwide Building Society next week without having seen the audited results from the last half-year due to delays caused by the change in auditor. PwC…

After a significant cut in government shareholding, a leading US investor began to pour cash into NatWest after allaying fears of state interference in the bailed out banking group. Los Angeles-headquartered Capital Group, which is one…

According to the Bank of England chief economist, high levels of immigration fuel Britain's housing crises. He blamed skyrocketing rental prices on a lack of properties. Huw Pill claimed that higher interest rates are not to blame for…

Banco Sabadell, a Spanish lender, has rejected BBVA's €12bn bid for its takeover. The proposed deal is "significantly below" the value of its own growth prospects. Last week BBVA made a surprise bid for Sabadell. They said the merger of…

Retail investors may receive a bonus share of NatWest if hold the stock for more than a year. This is part of plans by ministers to privatise some government shares of the bank in a Tell Sid style. The plan is to sell NatWest shares in a…

The Baltimore Bridge collapse has caused two of the largest players on the Lloyd's of London Insurance market to announce that they will be affected. Hiscox informed investors that the company expected to incur a "moderate loss" from the…

Barclay's Gulf-based supporters are plotting to sell the Very Group, which is the last pillar in their corporate empire. The Abu Dhabi investment company that tried unsuccessfully to buy Barclays media assets last summer is now planning…

General Catalyst, one of Silicon Valley's largest venture capital firms, is poised to raise almost $6bn in order to invest in start-ups. This shows that the sector can still attract investors despite a recent fundraising drought.…

In the first quarter of this year, the increased costs and competition in deposits and mortgages slashed the profits at Lloyds Banking Group. The pre-tax profit at Britain's largest domestic lender fell by 28 percent to £1.63bn compared…

In its most recent warning, the Bank of England found that some banks were unable to quantify the exposure they have to private equity. The industry, which is worth $8tn, could pose a threat to the financial system as a whole. Rebecca…

After the Bank of England chief economist warned against reducing interest rates too early and said that inflation had to be squeezed from the economy, the prospects of an interest rate cut this summer have diminished. Huw Pill expressed…

Bank of England warns that mounting pressure on the £6.5 trillion (£6.5 billion) private equity sector could lead to a crunch, which would cause banks to suffer large losses and trigger a crisis in the real economy. Regulators are…

Coventry Building Society made a tentative offer of £780m for the Co-operative Bank to its hedge fund owners. This could be the latest takeover among UK lenders. The offer comes after nearly 4 months of exclusive discussions, which…

The second largest bank in America wrote off $1.5 Billion of bad loans during the first quarter of this year, due to mounting losses on credit cards as well as its exposure to the faltering office market. Bank of America reported that…

Wise's fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions made on its platform. Payments company announced that their fourth-quarter revenue had increased by 24 percent…

The financial crisis that has engulfed Thames Water is largely due to two Chinese state-owned banks. Bank of China and Industrial and Commercial Bank of China were among the lenders who backed a £190-million loan that Kemble Water…

According to the boss of one of London's largest independent investment banks, the capital markets will be "dead", if current trends continue. Peel Hunt's chief executive Steven Fine said that the London market for initial public…