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 [...]
Lloyds shares rally after profit boost and £1.8bn buyback January 29, 2026 Shares in Lloyds Banking Group jumped on Thursday as the bank launched a £1.8bn share buyback after breezing past profit expectations in the 2025 financial year. The FTSE 100 banking giant recorded a 12 per cent jump to pre-tax profit in the full-year netting £6.7bn and easily surpassing the £6.4bn pencilled in by internal analysts. [...]
HSBC seals $300bn price tag as FTSE 100 banks rally January 27, 2026 Shares in Britain’s banking giants were helping lift the FTSE 100 out of the red this morning as blue-chip lenders rallied ahead of earnings season. HSBC topped the index’s risers with a gain of nearly three per cent to 1,278.20 – an all-time high for Europe’s largest lender. The rally came after Citigroup raised the [...]
Goldman Sachs leads Wall St boom amid trading frenzy and deal-making January 16, 2026 Wall Street giants were riding high following this week’s round of earnings updates after months market volatility and deal-making helped take trading revenue to record highs. Goldman Sachs led the surge pocketing $4.3bn in equities trading revenue in the last three months of the year – a record for Wall Street banks. Meanwhile, the banks [...]
Jamie Dimon warns markets are under-estimating global risks January 13, 2026 The boss of JP Morgan, Jamie Dimon, has warned global markets not to underestimate current risks, as the US banking giant hiked its provisions for bad loans. The world’s most influential banker said that whilst the US economy had remained “resilient” and consumer and business trends were “generally healthy,” ongoing risks persisted. “Markets seem to under-appreciate [...]
UBS scouting for new top boss with Sergio Ermotti to exit next year January 13, 2026 UBS Group is on the hunt for a new chief executive with the banking giant’s current top boss lined up for an exit next year. Sergio Ermotti, who has led the near-£112bn bank since he was rehired in 2023, is expected to depart in April 2027. The veteran financier had pledged to lead UBS “at [...]
Angela Rayner in Downing Street tops banker fears January 7, 2026 Angela Rayner taking to Downing Street poses one of the top risks to the banking sector heading into 2026, top analysts have warned. The former Deputy Prime Minister and darling of the Labour left is among names tipped to take the top job as Sir Keir Starmer fights to save his premiership amid all-time favourability [...]
Lloyds shares surge past 100p to 17-year high January 6, 2026 Shares in Lloyds Banking Group surged past 100p on Tuesday morning amidst a wider rally in the London stock market’s blue-chips. The FTSE 100 banking giant jumped over one per cent at the opening bell to 101.30p marking a 17-year High before parring back some gains to close 0.8 per cent higher at 100.75. Lloyds’ [...]
Legacy banks must ‘radically modernise’ or lose to fintech stars, says former Barclays boss January 1, 2026 A decade ago, Antony Jenkins was ousted from his role as chief executive of Barclays and months later warned the banking sector was reaching an “Uber moment”. Jenkins declared technology would be an “unstoppable force” in the banking sector and could lead to hundreds of branch closures and potentially slash the industry’s workforce by half. [...]
The winners and losers of the FTSE 100’s record year December 31, 2025 In what has been a record year for the FTSE 100, a number of London’s blue-chips missed out on the rally and were left in the dark. The FTSE 100 is poised to close 2025 just shy of the 10,000 mark after rising 20 per cent over the course of the year, led by strong [...]