HSBC ‘seriously violated’ Swiss money laundering rules, regulator says June 18, 2024 HSBC's Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country's banking regulator has found.
What’s going on with Reform’s proposed overhaul of Bank of England reserves? June 11, 2024 Tice said the policy would raise £35bn over the next five years, a figure which leading tax lawyer Dan Neidle described as "magic".
Natwest buys back more shares from HM Treasury May 31, 2024 Natwest has bought back another lump of shares from the UK government.
Shawbrook Bank delivers steady lending growth as specialist focus pays off May 15, 2024 Specialist lender Shawbrook has reported an increase in loans and deposits as it steps up its challenge to the big banks.
Weatherbys: Horse racing private bank doubles profit on higher rates and expansion May 9, 2024 The private bank Weatherbys has been boosted by higher interest rates and demand for its services.
Allica Bank chief bets on rapid growth to force improvement in SME finance May 9, 2024 Allica only launched in 2020 but has already become a certified fintech darling. It was named by Deloitte as the UK’s fastest-growing fintech last year and in April posted its first annual profit of £16.1m.
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023 May 8, 2024 OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.
Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year May 5, 2024 London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.
Western banks pay £684m in taxes to Vladimir Putin’s regime April 29, 2024 The largest western banks that still operate in Russia paid more than €800m (£684m) in taxes to the Kremlin last year in a sign that foreign companies remaining in the country are helping Vladimir Putin weather international sanctions.
Natwest shares jump after first quarter results as government continues to reduce stake April 26, 2024 Natwest profits slumped in the first quarter of the year but stayed ahead of market expectations as it shrugged off the worst of the mortgage downturn to expand its lending book.