Lex Greensill has opened up in a London high court trial, revealing that several senior managers at Japanese tech investment giant SoftBank felt “threatened” by his close relationship with the
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The European Central Bank (ECB) has announced a reduction in interest rates to 2%, marking the eighth consecutive quarter-point cut within a year. This decision aims to counteract the economic
Monzo, the UK’s leading digital bank, has reported a dramatic increase in profits, highlighting a dynamic year of growth. The bank, which now boasts over 12 million customers, grew revenues
The United Kingdom government has sold its remaining shares in NatWest, bringing 17 years of state ownership to a close. This marks the conclusion of one of the most defining
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
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
