Financial

Banks withdraw mortgages amid rush to lock in deals at rising rates HSBC pulled all its mortgages following a rush by customers to lock in deals before rates increase. Bank withdrew on Thursday all residential, business and…

Barclays Plc wants to sell around €5 billion ($5.3billion) in Italian mortgage loans to exit retail banking. People with knowledge of the situation said that the UK bank had begun the sale process for a large portfolio of loans to…

Analysts are worried that the new debt issuance after the fight over the debt ceiling will drive up yields, and drain cash from deposits. .A $1tn US government borrowing spree is set to increase the strain on the country’s banking system as…

Funds could be fined up to 10% of their turnover if they fail to comply with proposed regulations regarding ethical scores .Agencies that rate businesses and investment funds on their environmental, social and governance credentials may…

British investors dumped funds badged as sustainable or ethical at their fastest pace ever last month, according to a snapshot of fund-buying behaviour. There was a net outflow of £304 million in May from so-called ESG equity funds --…

Treasury Consultation on Intermediaries Hiring Temporary Workers According to new government proposals, UK employers may be held responsible for the tax avoidance of so-called umbrella firms that act increasingly as intermediaries…

Former GVC Chief joins UK gambling group to buy stakes in vehicle buying  .An investment vehicle backed by a host of former board directors of gambling group GVC, including onetime chief executive Kenny Alexander, has taken a 6.5 per cent…

The post-pandemic inflation burst has subsided in many parts of the developed world. However, Britain still suffers from the highest rate of price increases among the Group of Seven economies. Bank of England responded by raising interest…

UBS may delay its second-quarter earnings as long as it can, say people familiar with this matter. The bank is grappling with the political and financial complexities surrounding its rescue of Credit Suisse. The bank was due to announce…

Mehmet Simsek announces intention to abandon unorthodox strategy which has fueled crisis Turkey’s new finance minister has vowed to return to “rational” policies after years in which President Recep Tayyip Erdoğan’s unconventional strategy…

Monzo increased its provision against bad loans after focusing on consumer lending, and expanding into buy now pay in the second half of last year. The UK fintech company said that on Wednesday, its revenue more than doubled from…