Metro Bank shareholders back rescue plan as lender reiterates branch commitment November 27, 2023 The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially.
Barclays reportedly in talks with Metro Bank to buy £3bn mortgage portfolio November 27, 2023 Barclays is reportedly in exclusive talks to buy a £3bn residential mortgage book from Metro Bank as the troubled lender's shareholders prepare to vote on a £925m refinancing package later today.
Santander boss says scrapping bonus cap is ‘good news’ for industry November 27, 2023 Santander boss Ana Botín has supported scrapping the bankers' bonus cap in Europe following the UK government's decision to do so in October.
Short sellers target Metro Bank ahead of crucial shareholder vote November 26, 2023 Short sellers are targeting Metro Bank ahead of a decisive shareholder vote tomorrow on a major refinancing plan agreed just over a month ago.
HSBC UK says banking services are returning after Black Friday outage November 25, 2023 HSBC has said its digital services are returning to normal after UK customers were left struggling to access mobile and online banking on one of the busiest shopping days of the year.
Black Friday: HSBC UK investigating as a ‘matter of urgency’ after shoppers unable to access banking services November 24, 2023 HSBC UK is investigating “as a matter of urgency” as customers have been struggling to access banking services on Black Friday. The bank has apologised to customers and is working to restore its mobile and online banking service, including the authorising of online card purchases via the app. A message posted by the bank on [...]
Will the Natwest share sale plan really ‘get Sid investing again’? November 24, 2023 Natwest shares have sunk more than 24 per cent so far this year, with the bank’s stock cratering in its biggest one-day drop since Brexit after it reported weak third-quarter results at the end of October.
Payment firms welcome government focus on open banking and competition November 23, 2023 Payment firms have welcomed Jeremy Hunt’s plans to legislate on open banking next year and follow recommendations of a government-backed review calling for more competition.
Big Four firm refuses to audit Hipgnosis Songs Fund accounts November 23, 2023 In a company update today, Hipgnosis Songs Fund said it is currently undertaking an audit tender process for the 31 March 2024 audit.
Virgin Money launches new £150m share buyback despite rise in impairments November 23, 2023 Virgin Money has launched a £150m share buyback programme as its margins remained stable, despite a fall in pretax profit driven by a surge in impairments.