Standard Chartered chief pockets bumper pay packet as London bosses call for more cash February 23, 2024 The boss of Standard Chartered pocketed a bumper pay rise last year as his total paypacket swelled to £7.8m.
Mortgage rates are going back UP – but where will they end up? February 23, 2024 A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.
Leeds Building Society sees record number of new members as consumers snap up savings deals February 23, 2024 The building society's total savings balance reached a record of £20.8bn, a 19 per cent jump on its 2022 figure of £17.5 bn.
Standard Chartered to return billions to investors but chief bemoans lagging share price February 23, 2024 Standard Chartered joined the ranks of lenders that have reported bumper earnings today
Lloyds could face £3.5bn hit from FCA motor finance probe, analysts warn February 22, 2024 A wide-ranging review of historic motor finance commission arrangements has rocked the UK’s banking sector.
Debanking: First Farage, now London sex workers in bid to end ‘Victorian age’ lending February 22, 2024 London campaigners are urging the government and mayoral candidates to help drag the capital out of a “Victorian age” of banking.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Lloyds sets aside £450m for FCA motor finance probe February 22, 2024 Lloyds Banking Group has reported a record annual profit on the back of higher interest rates while setting aside £450m for a Financial Conduct Authority motor finance probe.
Citigroup raises Scottish chief Jane Fraser’s pay to £20.6m while slashing 20,000 jobs February 21, 2024 Citigroup has handed its Scottish chief executive Jane Fraser a six per cent pay rise to $26m for 2023, citing her bold plan to overhaul the Wall Street bank.
HSBC unveils record annual profits and fresh buyback but hurt by $3bn writedown on China bank holding February 21, 2024 HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.