UK Finance boss: City’s post-Brexit ‘challenger’ role takes ‘some getting used to’ January 30, 2024 Postings noted that in the Brexit debates "there was probably more debates around fishing quotas than there was around financial services".
Bunq mulls London IPO as European neobank plots Monzo and Revolut UK challenge January 30, 2024 European fintech and neobank Bunq has applied for a UK electronic money institution (EMI) licence as it looks to capture market share from the likes of Revolut and Monzo ahead of a potential IPO.
Santander, Deutsche and UBS: European banks’ earnings set to be challenged by interest rate peak January 29, 2024 Investors will be looking at how some of Europe's biggest banks grapple with a likely peak in interest rates and an uncertain economic picture when they report full-year results this week.
Private credit lenders might be storing up future problems, Bank of England official warns January 29, 2024 Foulger said some of the actions to support borrowers "delay or mask" vulnerabilities rather than addressing underlying issues.
Lloyds to scrap mobile banking vans which help ‘as little as two customers’ January 29, 2024 Lloyds Banking Group is scrapping its mobile banking vans this year as part of its transition to digital banking, with demand for the service tumbling in recent years.
Government could launch Natwest public share sale this summer January 28, 2024 The government is preparing to start selling its shares in Natwest to retail investors as soon as the middle of this year, Morning Wire understands.
Amanda Staveley mounts fresh legal action against Barclays over 2008 Qatari rescue January 28, 2024 Dealmaker and co-owner of Newcastle United Amanda Staveley has mounted new legal case against Barclays over a rescue deal the bank made with Qatar during the financial crisis.
Brit Marianne Lake tipped to succeed Jamie Dimon as JPMorgan boss January 28, 2024 British banking executive Marianne Lake is among the leading candidates set to take over from Jamie Dimon as chief executive of JPMorgan Chase after a reshuffle of the US giant's leadership.
Mortgage rates war: As sub-four deals appear on the market, how low will they go? January 27, 2024 Britain's mortgage price war has shown signs of slowing as macroeconomic uncertainty casts doubt on the outlook for interest rate cuts and a wider rebound.
Paragon Bank meets expectations and reports ‘strong credit resilience’ January 26, 2024 Paragon Bank met expectations for its first trading update of the year, with the firm reporting “strong credit resilience” and arrears below the industry average. In the final quarter of 2023, margins ran slightly ahead of expectations for the bank, though the firm’s full-year guidance for margins, new business flows and operating costs remained unchanged. [...]