Barclays and Natwest set for bidding war in race to beef up wealth arms February 4, 2026 Barclays and Natwest are set for a bidding war as the banks prepare to make their play to snap up Evelyn Partners amid the race to beef up wealth management arms. The blue-chip lenders are both gearing up to table offers of over £2bn for the London-based wealth manager. A successful takeover would help enhance [...]
Santander takes jab at City watchdog as motor finance bill balloons February 4, 2026 Santander has took another major swipe at the City watchdog after the banking giant hiked its provisions for the motor finance scandal. As it reported full-year results, the bank said its bill for the car mis-selling saga had reached £461m, building on a previous £295m provision. It follows the bank’s UK arm missing its third-quarter [...]
Mandelson to Epstein: JP Morgan should ‘threaten’ UK over banker tax February 2, 2026 Lord Peter Mandelson told Jeffrey Epstein that the boss of banking giant JP Morgan should “mildly threaten” the UK Treasury over a tax on banker bonuses whilst the peer was serving as business secretary. New bombshell revelations in the latest drop of the Epstein files by the US Department of Justice showed Mandelson, who worked [...]
Full map of closures: Santander axes another 44 branches putting 291 jobs at risk January 29, 2026 Santander has made another cull to its branch network as the Spanish banking giant ploughs ahead with its digital transformation. The lender said it would close another 44 branches, which will put 291 jobs at risk of redundancy, as the bank turns its focus to its digital offer to keep at pace with its fintech [...]
Nato and Europe must be ‘stronger,’ JP Morgan’s Dimon tells Davos January 21, 2026 The world’s most influential banker has said the world is “simply not safe” and called for a stronger Nato and Europe in a chilling warning to the economic elite at Davos. Speaking at the World Economic Forum, JP Morgan’s top boss Jamie Dimon said the eyes of the world “woke up” after Russia’s invasion of [...]
EU banking rules could ‘choke investment’ from booming City January 14, 2026 The European Union threatens derailing its economic growth through changes to banking regulation after London beefed up its lending capacity following a Brexit boom. The 27-state bloc is set to bring in new legislation which will effectively ban non-EU banks from providing core banking services – such as lending and taking deposits – without establishing [...]
Motor finance, Madoff fraud, tax fears – bank shares defy the noise October 31, 2025 A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent this month and is up 17 per cent for the [...]
Standard Chartered shares hit 12-year high after income upgrade October 30, 2025 Banking giant Standard Chartered has upgraded its income target for the full-year after its booming wealth business powered profit higher. The FTSE 100 lender posted a pre-tax profit of $1.8bn (£1.36bn) in the three months to September, ahead of the $1.5bn pencilled in by analysts. Shares in the bank jumped to a 12-year high after [...]
Santander UK boss: Government must overrule FCA on motor finance October 29, 2025 Santander UK has said it will delay its third-quarter earnings report due to “uncertainty” following the financial watchdog’s motor finance redress scheme. The Spanish banking giant was due to publish its financial report for the third-quarter on Wednesday but has put it on hold “pending greater clarity regarding the [Financial Conduct Authority]’s proposals”. The bank’s [...]
JP Morgan beefs up seaside UK office as it backs ‘talent of tomorrow’ October 8, 2025 US banking juggernaut JP Morgan has announced a hefty UK investment as part of plans to beef up its home base in the country. The bank said it will invest over £300m into its Bournemouth campus, which will help facilitate a new building and upgraded facilities for the sites 5,300 employees. The firm – which [...]