Shawbrook expands loan book ahead of mooted London float August 7, 2025 Specialist lender Shawbrook expanded its loan book in the first half of the year helping profit soar. The bank – which is owned by private equity firm Pollen Street Capital – recorded a 35 per cent jump in profit before tax to £168.6m as its loan book grew 14 per cent to £17bn. Deposits were [...]
Metro Bank trebles profit amid pivot to specialist lending August 6, 2025 Metro Bank more than trebled its profit in the first six months of the year as its transformation strategy gained pace. The high street lender recorded an underlying profit before tax of £45m, compared with £12.8m in the second half of 2024. Revenue grew 22 per cent to £286m whilst operating costs fell eight per [...]
FTSE 100 banks outperform but face tougher waters ahead August 4, 2025 The FTSE 100’s banking constituents breezed through the second quarter results season as interest income remained stable and trading income soared on the back of market volatility. The ‘Big Five’ banks of London’s flagship stock index – Barclays, HSBC, Natwest, Lloyds and Standard Chartered – pocketed a combined £12.8bn in the three months to June [...]
Motor finance redress scheme to cost up to £18bn, FCA says August 3, 2025 The Financial Conduct Authority has confirmed it will consult on an industry-wide redress scheme following the Supreme Court’s motor finance ruling last Friday. The City watchdog is aiming to publish a consultation by early October, with total costs of the redress expected to be between £9bn and £18bn. The regulator said in June that any [...]
Motor finance lenders still on the hook after Supreme Court ruling August 2, 2025 A lukewarm win in the landmark motor finance case has allowed City banks to skirt a nightmare scenario, whilst still remaining open to a regulatory redress scheme. The Supreme Court found that the customers’ claims against the lenders couldn’t succeed based on fairness, known as equity, or tort, which refers to any wrongful actions worthy [...]
Relief for banks after lukewarm motor finance win August 1, 2025 Lenders across the City are breathing a sigh of relief after today's landmark Supreme Court ruling, which upheld the appeals of two banks in the high-profile motor finance commission case.
Barclays investment bank powers £1bn profit jump in first half July 29, 2025 Barclays rounded off the first half of 2025 with a major bump in profit as its all-important investment banking arm rallied on global markets turmoil. The FTSE 100 bank delivered a 28 per cent increase in profit before tax as it topped £5.2bn for the first six months of the year. The firm’s investment bank [...]
Natwest and Lloyds: What to expect from FTSE 100 bank earnings next week July 21, 2025 The FTSE 100’s banking titans, Natwest, Barclays, Lloyds and HSBC are gearing up for what promises to be an interesting half-year reporting season. Lloyds and Natwest will kick off earnings on July 24 and July 25 followed by peers Barclays, HSBC and Standard Chartered the following week. The first quarter was defined by President Donald Trump’s [...]
Close Brothers drops brewery arm amid operations overhaul July 15, 2025 Close Brothers is set to sell off its specialist service provider division for the beer industry as the banking group continues to overhaul operations. The FTSE 250 listed group established Close Brewery Rentals Limited (CBRL) in 2007, which provides keg and cask rental, leasing, and management services for breweries and beverage producers. The division offers [...]
Which UK banks are next in line for a takeover? July 11, 2025 As the next wave of banking consolidation kicks off, specialist lenders are in the fray to be swallowed up. The industry has seen a flood of mergers and acquisitions in recent years, of which the latest was a landmark tie-up between Santander and TSB Bank. Santander snapped up 12-year old British high street lender TSB [...]