Virgin Money faces potential shareholder revolt over £2.9bn Nationwide deal May 14, 2024 Virgin Money shareholders could be getting a better deal as part of the £2.9bn takeover bid from Nationwide, analysts have said ahead of a vote on the offer next week.
Santander hit by data breach affecting customers and staff May 14, 2024 Spanish bank Santander has said data managed by an external party was recently accessed without permission, affecting some of its clients and all of its current staff.
Government rejects bid to ban NDAs in all harassment cases after sexism in the City probe May 14, 2024 The government has refused a recommendation from an influential group of MPs to ban the use of non-disclosure agreements (NDAs) in all harassment cases, following its probe into sexism in the financial services sector.
Credit Suisse-UBS merger: Withers preps Hong Kong arbitration claim against Switzerland May 14, 2024 Law firm Withers is prepping an international arbitration against the Swiss government for its role in the merger of Credit Suisse and UBS
JP Morgan in English legal battle with its European joint venture Viva Wallet May 14, 2024 JP Morgan and the majority owner of Greek payments firm Viva Wallet are battling each other at a court this week over the valuation of its joint venture.
Virgin Money reports ‘subdued market’ for mortgage lending as higher rates put off borrowers May 14, 2024 Virgin Money has reported lending growth across its target areas but a downtick in mortgage balances as it prepares for a mega merger with Nationwide.
Ex-pensions minister: ‘Serious questions’ for lenders as ultra-long mortgages surge May 13, 2024 Young homebuyers are at risk of falling into poverty in older age, a former pensions minister has warned, as fresh data suggests more than one million new mortgages over the last three years were issued with end dates beyond the state pension age.
BBVA could raise offer for Sabadell by selling TSB, analysts say May 13, 2024 Analysts have argued Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) could raise its hostile takeover bid for smaller domestic rival Banco Sabadell by selling its UK arm TSB.
SME lender Simply Asset Finance posts record revenue as small firms shun big banks May 13, 2024 Specialist lender Simply Asset Finance has posted a record annual revenue as small and medium-sized enterprises (SMEs) turn away from big banks for funding.
Treasury finalising plans for Natwest share sale to accelerate privatisation May 13, 2024 The Treasury is poised to unveil a multibillion-pound sale of a chunk of its remaining stake in Natwest in the coming weeks in a bid to accelerate its privatisation process and boost retail investment in the UK.