Spring Budget 2024: Hunt plans Natwest government share sale this summer as Farage says debanking row ‘far from over’ March 6, 2024 Chancellor Jeremy Hunt has outlined plans for the government to begin selling part of its stake in Natwest to the general public "at the earliest opportunity" this summer, as part of wider efforts to boost stock market investment.
It will be headline-grabbing, but will it make a difference? March 6, 2024 Cost, cost, cost: that will be the word of the day today. A tax cut will “cost” £5bn; a freeze will “cost” another £15bn. “Can Jeremy Hunt make the sums add up?” commentators will squeal. All of it is absurd, and not just because a tax cut doesn’t “cost” a thing: it simply means less [...]
Hundreds of ‘erroneous’ Companies House filings reveal widespread misinformation on big firms March 5, 2024 Hundreds of "erroneous" filings made at Companies House have raised fears over a sophisticated fraud targeted at banks and other financial providers.
Santander-backed Ebury reportedly looking at £2bn valuation in London listing March 5, 2024 Cross-border payments platform Ebury, backed by Spanish banking giant Santander, has reportedly held talks with banks as it pursues a London listing at a valuation of up to £2bn.
Monzo hits $5bn valuation with new funding round led by Alphabet’s CapitalG March 5, 2024 Monzo has secured a new $430m funding round led by Alphabet-owned fund CapitalG valuing the digital challenger bank at $5bn.
Companies House launches ‘urgent review’ over 800 ‘erroneous’ filings made by one account March 5, 2024 Companies House has launched an "urgent review" after the government-owned corporate register saw one account file 800 "erroneous" forms on 190 companies, raising fears over a sophisticated fraud targeted at banks.
Dame Jayne-Anne Gadhia on open banking, account closures and sexism in the City March 4, 2024 Former Virgin Money CEO and Snoop founder Dame Jayne-Anne Gadhia speaks to City A.M. about the open banking revolution, "debanking" and sexism in the City.
One in five first-time buyers take out 35-year mortgages or longer amid economic turmoil March 4, 2024 Personal savings and mortgage lending were battered by inflationary pressures and higher borrowing costs last year, according to new data, amid a surge in home buyers take out loans with terms of 35 years or longer.
Lloyds becomes first high street bank to invest in community lenders after backing £62m fund March 4, 2024 CDFIs are non-profit lenders based in local communities that make personal loans at low interest rates to households and businesses which struggle to access credit elsewhere.
Bank of England had 28 ‘major’ compliance breaches in a year but ‘good progress’ made March 4, 2024 The public spending watchdog has found dozens of "major" compliance breaches at the Bank of England over the course of a year, despite it taking steps to address shortcomings.