Standard Chartered chair bemoans share price but rules out ditching primary London listing May 10, 2024 Standard Chartered's top brass has once again bemoaned its weak share price but ruled out moving its primary listing from London.
Barclays opens door to bigger bonuses as it eyes investment bank rebound May 9, 2024 Barclays shareholders have waved through a proposal paving the way for it to award bigger bonuses to its top UK bankers as the lender reiterated confidence in its dealmaking arm.
Barclays chair says ‘plenty of evidence’ it will meet climate targets as protesters removed from AGM May 9, 2024 Barclays' chair has defended its record on climate change, saying there is "plenty of concrete evidence" it is on track to meet its financed emissions targets, at a feisty annual meeting that saw a number of protestors removed.
Allica Bank chief bets on rapid growth to force improvement in SME finance May 9, 2024 Allica only launched in 2020 but has already become a certified fintech darling. It was named by Deloitte as the UK’s fastest-growing fintech last year and in April posted its first annual profit of £16.1m.
Ex-Bank of England economist claims he was ‘debanked’ like Nigel Farage May 9, 2024 Ex-Bank of England economist Andy Haldane has said he was refused a bank account because of his "political" connections, comparing himself to Nigel Farage, as MPs criticise lenders for "debanking" individuals due to reputational concerns.
Mortgage lending growth set to double next year as inflation eases and rate cuts loom May 9, 2024 UK mortgage lending growth is set to more than double in 2025, according to a major economic forecasting group, as inflation eases and the Bank of England is expected to cut interest rates this year.
Monzo’s valuation rises as fintech giant bags £150m funding for US growth May 8, 2024 Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a flurry of new products.
TSB Bank to cut 250 more jobs and close 36 branches in cost-cutting drive May 8, 2024 TSB Bank is planning to cut around 250 jobs as part of a broader restructuring effort, joining other mid-sized high street lenders looking to reduce costs.
BBVA refuses to raise offer for Spanish bank merger with TSB owner Sabadell May 8, 2024 Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has written to smaller domestic rival Banco Sabadell saying that it would not raise its offer for a merger, which Sabadell rejected earlier this week.
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023 May 8, 2024 OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.