TSB owner Sabadell rejects BBVA’s £10.3bn takeover bid which ‘undervalues’ bank May 7, 2024 Banco Sabadell, the Spanish owner of British high street bank TSB, has rejected a €12bn (£10.3bn) all-share merger proposal from its bigger domestic rival Banco Bilbao Vizcaya Argentaria (BBVA).
Natwest bonus scheme planned for Tell Sid shareholders May 6, 2024 Natwest shareholders will be awarded bonus shares if they hold onto its stock for more than a year, plans for the sale of the government's stake in the bank have indicated.
Nationwide called out over ‘sneaky’ tactics in £2.9bn Virgin Money deal May 6, 2024 A senior figure in the House of Lords has accused Nationwide of using "sneaky" tactics in its £2.9bn bid to buy Virgin Money.
Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year May 5, 2024 London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.
HSBC scraps bonus cap for hundreds of top UK bankers after tense annual meeting May 3, 2024 HSBC shareholders have waved through the lender's proposal to remove an EU-imposed bonus cap, paving the way for it to hand bigger payouts to hundreds of top UK bankers, after a tense annual meeting dominated by questions over its pension policy and green finance.
HSBC dished out $19bn to shareholders last year – and there’s more to come in 2024 May 3, 2024 HSBC dished out roughly $19bn (£15.1bn) to shareholders in respect of last year and expects continued strong payouts in 2024, its management has said, as Europe's biggest bank looks to weather economic uncertainity and interest rate cuts.
Don’t tell Sid! Government’s Natwest sale could be ‘dangerous’, says FTSE 250 chief May 3, 2024 The government’s plan to offload its remaining stake in Natwest could be “dangerous” and lead to a flood of retail investors ramping up their exposure to a single stock, the chief of a FTSE 250 wealth manager has warned.
HSBC facing backlash over ‘vague’ $1trillion green plans May 3, 2024 HSBC is facing a backlash over its "vague" $1trillion green plans today as it prepares to face down shareholders at its annual general meeting.
Coutts under pressure for pulling £2bn out of London stock market May 2, 2024 Royal bank Coutts is facing criticism from City figures over plans to pull roughly £2bn of clients' funds out of London's stock market.
Goldman Sachs to scrap bonus cap for London-based staff May 2, 2024 "We are a global firm and to the extent possible we adopt a consistent global approach across everything we do," Gnodde said.