Monzo set to finalise new £500m fundraising in deal with top tech investor April 28, 2024 Digital bank Monzo is in the process of finalising a new expanded fundraising with major tech investor Hedosophia, according to reports.
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.
Canary Wharf: Property value falls as London banking hub secures £550m financing deal April 25, 2024 The developer and manager of Canary Wharf in East London has reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn.
Barclays shares hit two-year high after profit beats estimates, but investment bank struggles April 25, 2024 Barclays has reported an 11 per cent drop in profit - slightly outperforming analysts' estimates - as the boost from higher interest rates fades and its investment bank struggles to compete with its Wall Street rivals.
Nationwide wins current account switching battle with record 163,000 customers after £200 offer April 25, 2024 Nationwide stormed ahead of its rivals by setting a record for UK current account switches in the final three months of last year, according to new data, as intense competition for deposits among lenders continues into 2024.
Lloyds profit drops against bumper 2023 as margins shrink April 24, 2024 Lloyds Banking Group has posted a 28 per cent fall in profit - in line with analysts' estimates - as price wars and the prospect of interest rate cuts forced it to offer better rates to customers.
Our helpful advice to the Bank’s ratesetters: please, stop with the speeches April 24, 2024 At the Bank of England, it is now de rigeur for the nine members of the monetary policy committee to contradict each other on the speech circuit.
Revolut to boost staff by 40 per cent this year amid rapid expansion April 24, 2024 Revolut expects to grow its global headcount by around 40 per cent in 2024 as the fintech pushes for rapid expansion and bucks a recent trend of layoffs among major financial and tech firms.
Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security April 24, 2024 The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.
Natwest shareholders approve proposal to buy back 15 per cent of shares from government April 23, 2024 Natwest shareholders have approved the bank's proposal to buy more of its stock from the government to accelerate its privatisation, potentially leaving the Treasury with fewer shares to offer retail investors.