Competition watchdog launches Nationwide-Virgin Money £2.9bn merger probe May 31, 2024 The watchdog told markets this morning that the merger notice met criteria laid out in the enterprise act.
Swiss rolls: Former Credit Suisse boss to leave UBS as forced merger completes May 30, 2024 The former boss of Credit Suisse, who oversaw its untimely decline and forced sale to UBS, is set to step away from the newly enlarged bank.
Bank of Georgia posts solid earnings amid political turmoil May 30, 2024 Eastern Asian lender Bank of Georgia saw its profit, customer numbers and interest income soar in the first quarter of this year, a period in which the bank also completed on its acquisition of the Armenian retail lender, Ameriabank.
Klarna changes share trade rules ahead of planned £16bn listing May 29, 2024 Buy-now pay-later giant Klarna has reportedly ditched rights held by large shareholders to block smaller investors' share trades as it gears up for a blockbuster public.
Funding Circle: Fintech to cut 120 jobs as finance chief steps down May 29, 2024 Small business lender Funding Circle plans to cut around 120 jobs as part of efforts to reduce costs and boost its flagging share price. It also announced the departure of its finance chief.
Labour backs away from bank windfall tax in bid to win over City May 29, 2024 Reports suggest Labour is not planning to impose a windfall tax if it comes into power.
Big banks shun demand for SME lending as larger firms prioritised May 29, 2024 Big banks are set to withdraw even further from funding small and medium-sized enterprises (SMEs) this year, data shared exclusively with City A.M. suggests, as high street lenders face criticism for prioritising larger firms.
Oaknorth: London looking ‘less attractive’ than peers as listing destination May 29, 2024 The boss of Oaknorth has said London’s public markets are looking “less attractive” than their international peers in a signal of the bank's thinking as it plans for a potential IPO.
Natwest resolves ‘glitch’ that left thousands of customers unable to access accounts May 28, 2024 Thousands of Natwest customers were left unable to access its mobile app and online banking services for roughly four hours on Tuesday morning, triggering a flurry of complaints on social media.
Shelved Natwest share sale could give much-needed stock market boost, broker says May 28, 2024 The government's decision to shelve plans to offer part of its remaining stake in Natwest to retail investors has brought past privatisation schemes back into focus.