Barclays completes £600m Tesco Bank takeover November 1, 2024 Barclays has completed its £600m takeover of Tesco’s banking arm after high court approval for the buyout came on 17 October. As part of a ten-year partnership between the two firms, Barclays will begin operating and managing Tesco Bank. Tesco will keep all of its existing insurance and money services activities, including ATMs, travel money [...]
Motor finance industry in crisis mode after landmark court ruling November 1, 2024 Motor finance providers are scrambling to avoid a full-blown market meltdown after a landmark London court ruling on "secret" car loan commissions sparked chaos across the sector.
Sainsbury’s sells Argos credit cards for £720m in financial services retreat October 31, 2024 Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.
Autumn Budget 2024: Reeves spares banks from tax raid after lobbying October 30, 2024 The government has spared UK banks from a tax raid in its maiden Budget after lobbyists warned it could hurt the sector's international competitiveness.
Bank of London: Peter Mandelson and Harvey Schwartz exit troubled fintech October 30, 2024 The Bank of London has announced the exit of Labour grandee Peter Mandelson and ex-Goldman Sachs executive Harvey Schwartz from its board in the latest shake-up at the troubled fintech unicorn.
CAB Payments engages with US firm on possible takeover offer October 30, 2024 Fintech CAB Payments has said it is engaging in discussions with US payments firm StoneX about a possible takeover offer after its disastrous London float last summer.
Standard Chartered to double down on wealth management as profit beats forecasts October 30, 2024 Standard Chartered is to double investment in its wealth management arm as the bank beat estimates for its third-quarter profit and boosted plans for shareholder returns.
From stress to success: The power of a financial plan October 30, 2024 | Sponsored Finding the time to research your options, understand the detail, and put a plan together can be time-consuming and complicated. Changes to existing regulations, such as those implemented following a government budget, can further complicate the process, leaving individuals and families seeking clarity and guidance. This is where a well-crafted financial plan and the expertise [...]
Santander UK profit slides as analysts forecast £1.8bn motor finance hit October 29, 2024 Santander has revealed a sharp fall in its UK profit during the third quarter, while delaying the publication of more detailed figures as it digests a landmark motor finance court ruling in London.
HSBC chief Elhedery says no plans for Asia spin-off in global revamp October 29, 2024 HSBC’s new chief executive has insisted his redrawing of the bank’s operations between East and West is not a precursor to the kind of break-up demanded by one of its biggest shareholders last year. Speaking after HSBC’s third-quarter results on Tuesday, Georges Elhedery said the main reason for his overhaul “is to make us a [...]