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Banking

  • Hunt’s mooted ISA reforms offer ‘a beacon of hope’ to struggling firms, business groups say

    UK Politics

    Top City business groups have welcomed suggestions the Treasury could reform rules around ISAs in a bid to supercharge London-listed firms.

  • Investec expects strong UK performance to drive earnings growth – but flags credit losses

    BANKING

    Banking and wealth management group Investec expects its UK business to ensure earnings growth but warned that credit losses will be towards the higher end of expectations. In a trading update for the first half of the year, the bank forecasts its headline earnings per share to be between six per cent and 12 per [...]

  • NatWest says ‘no customer will be left out of pocket’ after cash deposit glitch

    banks

    NatWest said it has resolved an issue with its cash machines after some of the bank’s customers reported problems with their accounts. A number of people took to social media site X, formerly Twitter, throughout Thursday complaining money they had deposited in their NatWest accounts was missing. Others expressed concerns they would accrue fees after [...]

  • London-listed Georgian banks pressured to dodge US sanctions by central bank

    September 21, 2023

    Two London-listed Georgian banks have been caught in the middle of a sanctions spat after the Georgian central bank told the lenders they don't need to comply with recently announced US sanctions.

  • Inside story: How Cavendish became the City’s newest bank

    September 21, 2023

    In late January, two bankers sat across from each other at the 57-year-old Chelsea haunt La Famiglia for a tete-a-tete over wine and dinner. The traditional Tuscan eatery is something of a hotspot for celebs and off-duty City types – a pre-sanctions Roman Abrahamovic even used to entertain Jose Mourinho there over a bowl of [...]

  • Boutique bank Close Brothers expands in Ireland with Bluestone Motor Finance takeover

    September 20, 2023

    The deal, announced this morning in a regulatory announcement, is expected to complete in the fourth quarter of this year. The value of the deal was not disclosed.

  • Revolut granted extension to file annual results for second year in a row

    September 19, 2023

    The fintech's results had been due in September, nine months after the end of its financial year.

  • Banks not closing accounts due to political views, FCA finds

    September 19, 2023

    Banks have not been closing customer accounts for political reasons, according to the initial findings of an investigation by the FCA.

  • Farage debanking an outlier, reckons City watchdog’s investigation

    September 19, 2023

    The bosses of both Coutts and Natwest quit after Nigel Farage was ‘debanked’ but an FCA report is expected to say it is not usual practice

  • Cashplus looks to shrug off rival challenger banks after delivering £5m profit

    September 19, 2023

    Cashplus, which secured a banking licence in 2021, delivered a post-tax profit of £5.5m on the back of record revenue, which rose 28 per cent year-on-year to £52m.

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