NatWest has reported a sharp rise in profits, buoyed by an increase in its net interest margin and strong loan growth, marking its best quarterly performance since before its government
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Shawbrook, the specialist lender rooted in Essex, is preparing to make a significant return to the London Stock Exchange, targeting a valuation of up to £2 billion through its initial
JP Morgan has unveiled its new global headquarters, a sixty storey skyscraper at 270 Park Avenue, New York, at a reported cost of three billion dollars. Designed by Lord Foster,
The City of London is set for a major shake-up as UK regulators loosen bonus rules for bankers, aiming to fortify the Square Mile’s standing amongst the world’s top financial
Two of the UK’s banking giants are facing group legal actions over controversial shared appreciation mortgages that have left some borrowers owing up to twenty times more than they originally
London’s top high street banks suffered a sharp fall in market value as concerns mounted over a potential windfall tax rise to shore up government finances. More than £6 billion
Two Spanish banking powerhouses are engaged in discussions regarding the potential merger of their UK operations, signalling a significant shift in Britain’s banking landscape. Banco Santander has reportedly approached rival
Shares in troubled high street lender Metro Bank rocketed more than 18% today following reports of a potential takeover approach from private equity firm Pollen Street Capital. The stock surged
PwC has been fined £2.9 million for several breaches in its audit of Wyelands Bank, a defunct lender previously owned by metals magnate Sanjeev Gupta. The Financial Reporting Council (FRC)
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
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
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
HSBC, Britain’s largest bank, has unveiled an ambitious cost-cutting programme that will reduce its workforce costs by 8 per cent, targeting savings of $1.5 billion. The bank’s new chief executive,
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 significant legal setback has struck Lloyds Banking Group as a tribunal ruling determines the banking giant owes approximately £1 billion to HM Revenue & Customs. The First-tier Tribunal Tax
The Spanish banking powerhouse Santander’s chief executive Ana Botin has firmly rejected speculation about the potential sale of its UK operations, emphasising Britain’s position as a core market for the
