Banking

HSBC was fined over £6.2 million by the Financial Conduct Authority for failing to treat customers in arrears and financial difficulties. This put about 1.5 million people's financial futures at risk. The Financial Conduct Authority…

Hargreaves Lansdown shares rose the most since a decade ago on Thursday, after a surprise bid led to speculation about a bidding battle. The FTSE 250 company's shares jumped nearly a fifth in one day, marking the largest rise since 2014.…

A general election that was held earlier than expected has cast doubt on UK government plans for a mass public sale of NatWest share. Rishi Sunak (UK Prime Minister) announced on Wednesday that an election would be held on July 4. This…

Financial regulators have fined Citigroup £61.6m after their internal systems failed in preventing a fat-fingered Banker from causing a Flash Crash by placing erroneously more than £1bn worth of orders. The trader intended to sell $58m…

Mastercard and Visa are facing a regulatory crackdown. The payments watchdog has said that the companies have too much dominance and were able to increase the fees they charge British business unchecked. The Payment Systems Regulator…

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…