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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The meteoric rise of British digital challenger bank Starling has encountered significant headwinds, following a £29m fine from financial regulators over what they described as “shockingly lax” financial crime controls.
British banks witnessed a significant share price surge after the Supreme Court granted permission to hear an appeal concerning car loan misselling claims, potentially worth billions of pounds in compensation.
Britain’s Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank for significant failures in its anti-money laundering systems, which left £51 billion worth of transactions unmonitored
In a significant move, Barclays has become the first UK bank to officially lift the cap on bankers’ bonuses, a restriction originally imposed by the EU. This decision, announced through
Metro Bank, once known for its flamboyant branch openings and prominent high street presence, is undergoing a strategic shift under the leadership of Dan Frumkin, the American turnaround specialist who
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