Dealmaking rebound helps JPMorgan to bumper profits July 12, 2024 JPMorgan benefited from a long anticipated recovery in dealmaking to deliver a big increase in profit compared to last year. The Wall Street giant reported net income of $18.1bn in the second quarter, up 25 per cent on the same period last year and ahead of analyst’s expectations. JPMorgan saw revenue rise by 22 per [...]
UK banking complaints hit 10-year high amid surge in third-party claims July 12, 2024 Official UK banking complaints have hit their highest level in a decade, partly driven by claims management companies that the financial ombudsman is trying to clamp down on.
HSBC to revamp investment bank to look more like Citi July 10, 2024 HSBC is reportedly reshaping segments of its investment banking arm, following in the footsteps of rivals like Citigroup.
Metro Bank revives multibillion-pound mortgage sale after rescue July 8, 2024 Metro Bank has revived a plan to sell a multibillion-pound chunk of its mortgage book after being rescued from potential collapse last year.
JPMorgan overtakes Barclays in UK deal fee ranking in blow to investment bank July 3, 2024 JPMorgan has jumped ahead of Barclays to take the top spot in a UK deal fee league table in a blow to the British lender's investment banking ambitions.
Equals: Payments fintech notches jump in revenue ahead of potential takeover July 3, 2024 AIM-listed fintech Equals has notched a jump in revenue for the first half of 2024, helped by "strong growth" in its solutions platform, as it readies for a possible takeover offer.
Revolut keeps ‘open mind’ on possible IPO venue as it hints at listing plans July 2, 2024 The chair of Revolut has said the fintech would “keep an open mind” on a potential listing venue as its latest results hinted at plans for a much-anticipated IPO.
HSBC slows down hiring and reins in bankers’ expenses in cost-cutting drive July 2, 2024 HSBC is reportedly slowing down hiring and encouraging staff to rein in some expenses as Europe's biggest bank looks to cut costs.
Revolut books record profit on higher interest rates and surge in users July 2, 2024 A major boost to Revolut's profitability would come from a UK banking licence, allowing it to offer products like mortgages and credit cards in its home market - where it recently hit nine million customers.
London-based investment firm Octopus Ventures poaches fintech bigwig Erin Platts July 2, 2024 The long-time boss of Silicon Valley Bank’s (SVB) UK arm, who stayed on after its collapse and rescue by HSBC last year, has been poached by London-based investment firm Octopus Ventures.