In a significant shift in British banking ownership, the UK government has relinquished its position as the primary shareholder in NatWest, marking a pivotal moment in the bank’s post-financial crisis
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A monumental error at one of America’s largest investment banks has raised fresh concerns over operational controls, as Citigroup accidentally credited a client’s account with $81 trillion instead of the
The Bank of England’s approach to interest rate cuts could fluctuate dramatically between a very gradual or swift pace as it navigates significant economic uncertainties, according to Deputy Governor Sir
Rolls-Royce, the British aerospace giant, has demonstrated a remarkable financial turnaround by announcing a £1 billion share buyback programme and reinstating dividend payments, marking a decisive recovery from its pandemic-era
Four of the world’s largest banking institutions have been slapped with fines totalling nearly £105 million by Britain’s competition watchdog after their traders were caught sharing confidential information about UK
The financial landscape has transformed dramatically in the five years since Covid-19 first emerged from Wuhan, China. The initial market response to the virus was relatively measured, with investors maintaining
Former US President Donald Trump has announced plans to inspect America’s gold reserves at Fort Knox, sparking widespread speculation about a potential revaluation of Treasury reserves that could reach £750
Lloyds Banking Group has significantly increased its compensation provision for potentially mis-sold motor finance to £1.1 billion following a landmark court ruling, forcing the FTSE 100 lender to set aside
In a significant development that has caught the attention of global financial markets, NASA has elevated the probability of a potential “city killer” asteroid collision with Earth to an unprecedented
Fresh data from the Office for National Statistics reveals a concerning trend in UK productivity, with merely three out of 18 private sector industries recording growth in the latest quarter.
The Supreme Court delivered a significant blow to Chancellor Rachel Reeves on Monday by rejecting her attempt to intervene in a landmark case concerning the motor finance commission scandal, which
Customers of Naked Wines face the risk of losing their deposits due to a lack of segregation of client accounts, a prominent activist investor has cautioned. Richard Bernstein, an investment
The engineering consultancy John Wood Group has witnessed its shares plunge by more than 55% following revelations of severe financial difficulties and governance concerns. The company’s announcement of a potential
British American Tobacco (BAT) witnessed a sharp decline in its share price today, falling nearly 9 per cent after announcing a £6.2 billion provision for lawsuit settlements in Canada and
The Financial Conduct Authority (FCA) has initiated an enforcement investigation into Barclays’ compliance with anti-money laundering controls, marking yet another regulatory challenge for the troubled British banking giant. The FTSE
A major upheaval in the UK car finance sector has emerged as Close Brothers, one of Britain’s largest motor finance providers, announced plans to allocate up to £165 million for