Ministers are under pressure to address a loophole that could see UK banks and specialist lenders avoid paying £2 billion in tax on compensation payouts linked to a major car
All posts tagged in UK banking
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The Bank of England has announced a significant easing of capital requirements for the United Kingdom’s high street banks, marking the first relaxation of these rules since the 2008 global
Revolut has solidified its status as a leader in Britain’s financial technology sector following a share sale that valued the company at seventy five billion dollars. This valuation marks a
Lloyds Bank has stated it will contest the Financial Conduct Authority’s (FCA) expansive plans for an £11bn car finance compensation scheme, after the mounting cost of the scandal significantly hit
Barclays has faced a fresh setback after the collapse of US subprime lender Tricolor resulted in a £110 million impairment, casting a shadow over its latest quarterly results. The FTSE
The ongoing fallout from the UK motor finance scandal is placing severe financial strain on Lloyds Banking Group and Close Brothers, with both lenders announcing that compensation costs will materially
Confidence in London’s stock market received a welcome boost with news that Shawbrook, the specialist lender based in Essex, is close to announcing a long-awaited initial public offering. With a
The Financial Conduct Authority (FCA) is poised to bring about sweeping changes to contactless payments in the UK, with proposals to allow banks and card providers to raise or even
Monzo, the UK’s leading digital bank, has reported a dramatic increase in profits, highlighting a dynamic year of growth. The bank, which now boasts over 12 million customers, grew revenues
The United Kingdom government has sold its remaining shares in NatWest, bringing 17 years of state ownership to a close. This marks the conclusion of one of the most defining
Banks within the City of London have been accused of pouring astronomical sums into fossil fuel projects, despite the accelerating urgency of the climate crisis. According to a recent study,
The chief executive of British digital bank Zopa suggests London’s stock market could benefit from mounting political instability in the United States. Jaidev Janardana, who leads the £1 billion-valued fintech
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
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
The long-running legal dispute between Mastercard and former financial ombudsman Walter Merricks has reached a settlement, with the credit card giant agreeing to pay £200 million to resolve claims over
Recent data from Nationwide, the UK’s largest building society, reveals a significant upward trend in cash usage, marking the third consecutive year of growth. Nearly 33 million cash withdrawals were
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