Banks increasingly closing defence firms’ accounts, trade body warns December 19, 2023 Trade bodies are seeking to reassure the defence industry after more than a dozen firms in the sector had their bank accounts closed, with the Ministry of Defence warning that excessive ESG banking and investment policies are "dangerous" for national security.
Revolut to suspend crypto trading for UK business customers as City regulator prepares new rules December 18, 2023 Fintech Revolut is set to pause some of its cryptocurrency services in the UK to adjust to new marketing rules from the City regulator.
End is in sight for Amigo as former payday loan provider struggles to find a buyer December 18, 2023 Amigo Loans has said it expects to be mostly liquidated in the first half of next year as the firm continues to wind down its historic lending business.
Cambridge University reportedly looking to drop Barclays for ‘greener’ bank December 17, 2023 Cambridge University is reportedly considering ending its more than 200-year relationship with Barclays due to the bank's financing of fossil fuels.
Natwest says no evidence of discrimination in Coutts bank account closures December 15, 2023 Natwest, which owns Coutts, said lawyers at Travers Smith analysed 84 account closures in the two years to July 28, about a 10 per cent sample of all the relevant cases in that time.
Farage debanking row: Law changed so politicians are seen as lower risk December 15, 2023 It comes after Nigel Farage revealed that Coutts, owned by NatWest Group, had moved to close down his bank account, prompting a row over the current UK banking rules.
Happening today: Bank of England expected to hold interest rates December 14, 2023 The Bank of England is expected to hold interest rates for the third time in a row, as fresh data has pointed towards potential cracks in the economy. Today, its Monetary Policy Committee (MPC) will meet for the final time this year to vote on interest rates – which help dictate mortgage rates set by [...]
Paragon Bank extends two-week rally after RBC upgrades specialist buy-to-let lender December 13, 2023 Paragon Bank shares rose as much as 2.7 per cent on Wednesday in the specialist lender's 11th consecutive session of gains after RBC Capital Markets upgraded the stock to outperform from sector perform on the back of strong full-year results.
Lending to SMEs drops for fifth straight quarter as MPs probe access to funding December 13, 2023 Lending to small and medium-sized businesses (SMEs) has fallen by 20 per cent in its fifth consecutive quarterly drop, according to new figures from the banking trade body, as major lenders face scrutiny from MPs.
Meet the entrepreneur on a mission to give women more control of their money – and make a difference December 13, 2023 Female Invest is on a mission to help women reach financial independence. Anna-Sophie Hartvigsen says it's about more than just money.