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
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Morgan Stanley has emerged as the only bank to levy charges for its involvement in the privatisation of NatWest Group, formerly the Royal Bank of Scotland, while other leading investment
Andrew Bailey, governor of the Bank of England, has voiced deep concern over the striking similarities between recent developments in US private credit markets and the conditions that preceded the
The upcoming autumn budget, set for 26 November 2025, is poised to become a vital moment for the UK government. Chancellor Rachel Reeves faces the pressing challenge of a ballooning
The corridors of French power have rarely echoed with such urgency. As France’s government totters on the edge of collapse, budgets bleed deeper into the red and talk of emergency
The private credit market has transformed from a niche corner of finance to a global powerhouse, now valued between $1.3 trillion and $3 trillion. Born in the aftermath of the
Spanish banking giant Santander has emerged victorious in the race to acquire TSB, securing a £2.65 billion cash deal with current owner Sabadell. The acquisition, which outmanoeuvred a competing bid
The British banking sector is witnessing unprecedented levels of merger and acquisition activity, with Santander UK, TSB, and Metro Bank all becoming subjects of intense takeover speculation. Metro Bank shares
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
Britain’s Santander banking division has reported a substantial 38% drop in annual profits, intensifying speculation about its Spanish parent company’s commitment to the UK market. The high street lender saw
Britain’s largest high-street bank, Lloyds Banking Group, has unveiled plans to shutter 136 branches across its network as part of its ongoing digitalisation strategy. The closure programme encompasses 61 Lloyds
In a significant policy reversal, Pakistan has abandoned its planned tax on banks’ profits from government debt mere days before implementation, following intense pressure from the banking sector. The proposed
HSBC, one of the world’s largest banking organisations, is undertaking a strategic review of its retail banking operations outside its core markets of the UK and Hong Kong, potentially leading
The chief executive of Lloyds Bank has warned that a recent legal ruling concerning car financing agreements has created significant investment uncertainty within the consumer finance sector. Charlie Nunn expressed
Metro Bank’s senior leadership has demonstrated renewed confidence in the company’s trajectory through significant share purchases, following a period of regulatory challenges and financial turbulence. The bank’s share price has
