Dax Harkins, the chief executive of National Savings and Investments, has been removed from his position following concerns regarding potential misconduct at the state-backed bank. This decision has sparked considerable
All posts tagged in banking
45Articles
The Bank of London Group Limited, a start-up banking institution whose board once included Lord Mandelson, has been fined £2 million by the Prudential Regulation Authority for misleading the banking
Recent warnings from prominent figures in finance suggest that certain lenders are engaging in risky behaviours reminiscent of the period leading up to the 2008 financial crisis. Jamie Dimon, the
Aviva’s subsidiary, Direct Line, has been fined £10.6 million by the Bank of England due to significant accounting errors. The fine was imposed by the Prudential Regulation Authority, which found
The leaders of major banking institutions in the UK and Europe have banded together to challenge the overly complex regulatory framework that they argue is hindering growth and competitiveness. Executives
HSBC has announced a record bonus pool of $3.93 billion, marking the largest sum awarded since 2011. This increase follows the bank realising better-than-expected profits, attributed to effective management strategies
Lady Reyna Barclay, the matriarch of the Barclay family, faces legal action from Deutsche Bank Luxembourg concerning an unpaid debt of nearly £19 million owed by her son, Alistair Barclay.
In a significant move that impacts the high street, Santander UK has announced the closure of 44 bank branches across the country. This decision places approximately 291 jobs at risk
Lloyds Banking Group, the UK’s largest domestic lender, is set to return over £3.1 billion to its investors following an impressive year of financial performance. The bank has announced plans
Nigel Farage, the leader of Reform UK, has reiterated his intention to abolish interest payments that the Bank of England currently extends to commercial banks on reserves amassed during quantitative
Monzo Bank is confronting a period of turbulence as major shareholders express discontent following the resignation of chief executive TS Anil. Several investors, who collectively state that they hold half
Three of Britain’s leading banks, Lloyds, NatWest, and HSBC, are facing sharp criticism following revelations that they leaned on a discredited study to inform decisions related to climate risk and
Two leading Wall Street banks have unveiled significant expansion plans in the United Kingdom. JP Morgan has announced the construction of a new three million square foot tower in Canary
Shares in leading UK banks rose sharply amid growing confidence that the sector will escape new tax increases in Rachel Reeves’s forthcoming budget. On Tuesday, Lloyds shares climbed by 3.8
Since the 2016 referendum, the City of London has wrestled with the repercussions of Brexit, witnessing its position among Europe’s financial capitals dented and its renowned productivity engine flagging. As
HSBC’s chief financial officer has raised a red flag regarding growing risks in the private credit market, expressing particular concern about hedge funds and smaller banks with significant exposure to
