Financial

In an effort to lower their interest rates, landlords are settling mortgage debt worth millions of pounds. New analysis shows that buy-to-let landlords have been paying down their mortgages for the past nine-months in an effort to…

This year, the market for catastrophe bond is one of the best performing debt classes. The World Bank is a major issuer and will be increasing its offerings, which should lead to an increase in sales. Over the next five-year period, the…

After the failure of Silicon Valley Bank, the Bank of England has reviewed its rules determining when international banks must set up a subsidiary. Sam Woods said that Silicon Valley Bank was a UK branch for 10 years before the regulators…

Binance suspended access to their crypto exchange for users in the UK after the watchdog of the country terminated a partnership to approve communications using its platform according to new local rules. Binance published a post that…

Data shows that landlords pay an additional £5.5bn per year to their banks due to a rise in mortgage rates. Hamptons analysis shows that buy-to-let landlords are collectively paying £15bn in mortgage interest per year, which is a…

Lloyds Banking Group will auction the Telegraph and Spectator magazines as soon as this week despite a new attempt by the Barclay Family to stall the process with a higher offer of £1bn. Barclays has made several attempts over the summer…

Santander is investing $250mn over the next two-years to expand its Corporate and Investment Bank, while Wall Street rivals prepare for the largest job cuts since financial crisis. This year, the Spanish lender has hired over 100…

The cost to build the London-to Birmingham stretch of UK's high-speed HS2 railway has increased by a fifth within just four months. This highlights the difficulties the government faces in completing the project. Last week, Prime…

HSBC has been considering entering Europe's $300 Billion collateralized loan obligations market as an arranger. This is according to sources familiar with the situation. The people who were not authorized to speak in public said that a…

The Bank of England is pushing for money market funds to be able to hold twice as much easily-sellable assets. This is the latest step taken by financial watchdogs around the world to reduce Shadow Banking risk. Experts on financial…

Croda warned that it will earn up to £100 Million less than the revised guidance given in June. Croda warned that a profit between £370 and £400 millions was more likely. The bosses had hoped for a rebound in the autumn and winter…

Scott's, the owner of the upscale London restaurant, and Sexy Fish have returned to profit for the very first time since the pandemic. Caprice Holdings saw its sales rebound by 70 percent to £74.4 millions in the 52-week period ending…

The global bond market crash has caused havoc on British pensioners' pots. Thousands of people are forced to decide whether they want to delay retirement or suffer huge losses. After a string of positive economic indicators and signs…

Jamie Miller, the global chief financial executive of EY, was appointed in January. He left the accounting firm less than six months later, after the failed plan to spin off its consulting business. Miller, an experienced finance…

Bank of America, Barclays, and other large financial institutions that were stuck with billions of dollars of leveraged loan in 2022 have sat on the sidelines during this year's buyout boom. Bankers and executives in the buyout industry…

Treasury officials met with Bank of England representatives on Thursday evening after Metro Bank shares plummeted by over a quarter in a rush to stabilize its finances. Treasury sources said that officials were "monitoring" the…

Metro Bank's chairman met with the UK's leading financial watchdogs Thursday. The bank is looking to raise up £600mn by selling a third or its mortgage book to improve its balance sheet. Metro, one of a new crop of challengers banks in…

The ballooning cost of HS2 is a reflection of our infrastructure planning problems. Gordon Brown, in his final days as prime minister, promised to invest £20bn into a high-speed railway line that would ferry tens of thousands…