Lloyd’s of London SPAC venture scrapped due to volatile markets November 13, 2023 Financials Acquisition Corp said on Monday it would enter liquidation as it scraps a planned merger with its newly formed insurance venture, citing "insufficient" cash commitments due to volatile capital markets.
US bank stocks fall to record low against S&P 500 as sector hurts from bond crash November 12, 2023 US bank stocks have plunged to an all-time low relative to the S&P 500 index as lenders continue to feel the impact of the banking crisis that erupted earlier this year.
Metro Bank added to FCA’s financial crime watchlist November 12, 2023 Metro Bank has been added to the City regulator's financial crime watchlist, the lender confirmed, posing another headache for the bank as it looks to rebuild after securing a major refinancing deal.
Nigel Farage to launch legal battle with NatWest over debanking saga November 11, 2023 Nigel Farage is to launch a legal fight with NatWest over the debanking saga which culminated in the resignation of chief executive Dame Alison Rose. The former Ukip leader said he is instructing lawyers to take action against NatWest Group, with the aim of turning it into a class action. The banking giant has sought [...]
Bank of England says lenders to be put through mini budget-style shock tests November 10, 2023 It is intended to replicate some of the chaos and more which was unleashed on markets last autumn after Liz Truss and Kwasi Kwarteng revealed their budget and other moments of turmoil.
Natwest clears former chief Alison Rose of misconduct in Farage debanking row November 10, 2023 Natwest's board confirmed this morning that there will be no bonus or variable remuneration paid to her in respect of service during 2023.
Natwest to scrap Alison Rose bonus after Farage debanking scandal, bank to confirm November 10, 2023 Natwest is expected to scrap large parts of Alison Rose's bonus, according to reports, after the Farage debanking furore
Lloyds tells Big Tech to do more to tackle surge in crypto scams November 10, 2023 Lloyds Bank has issued an "urgent warning" over a surge in cryptocurrency scams and called on Big Tech companies like Meta to do more to tackle the issue.
‘Watershed moment’: Nationwide cuts mortgage rates to sub-five per cent – while arrears keep climbing November 9, 2023 Nationwide has launched the first two-year fixed mortgage below five per cent since June as lenders face pressure to offer better deals in a fiercely competitive market.
Santander UK appoints veteran of 18 years as CFO following surge in profit November 9, 2023 Santander UK has appointed Angel Santodomingo as its new chief financial officer (CFO), replacing Duke Dayal, following a jump in profit for Spain's biggest lender.