FCA and UK payments regulator launch inquiry into ‘risks’ of Paypal, Apple and Google Pay July 16, 2024 It follows previous work by the PSR on contactless mobile payments and the FCA’s examination of big tech’s role in financial services.
Goldman Sachs reaps rewards from dealmaking rebound as profit doubles July 15, 2024 Other major US banks have already reported a substantial increase in revenue from the traditionally volatile sector.
Natwest: UK government’s stake drops below 20 per cent as privatisation plan accelerates July 15, 2024 The government has offloaded another chunk of its stake in Natwest today and taken its holding in the company below 20 per cent for the first time since the financial crisis.
Citi capitalises on investment banking rebound as Jane Fraser’s overhaul in focus July 12, 2024 Citi outperformed expectations in the second quarter as the bank was lifted by a strong investment banking performance and lower costs.
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.