Revolut sued for closing account of late Russian oligarch’s son-in-law January 17, 2024 The son-in-law of a late Russian oligarch is mounting legal action against fintech Revolut for "unlawfully" closing his account, the High Court has heard.
Surprise inflation uptick poses new challenge in mortgage price war January 17, 2024 Mortgage rates continue to edge downwards as almost 50 lenders have offered new deals since the start of the year, although brokers warn that a surprise increase in inflation could buck this trend.
Lloyds and Close Brothers shares drop as FCA motor finance review looms January 17, 2024 Shares in Lloyds Bank and Close Brothers extended losses on Wednesday as investors digest a surprise increase in inflation and analysts estimate the two firms could be rocked by a City watchdog review into motor finance.
Banks rush to invest in new tech to combat rise in AI-driven fraud January 17, 2024 Banks are rushing to invest in new technology to combat rising levels of fraud as artificial intelligence unlocks new ways to create and perpetuate scams.
As Panmure pulls the trigger, could Peel Hunt be the next broker to strike? January 17, 2024 Smaller investment banks have been through a wave of deals this year - could Peel Hunt be next?
Banking exec: Diversity regulations could ‘dumb down’ corporate efforts already underway January 17, 2024 Tracey McDermott at Standard Chartered told the Following the Rules podcast that the regulator could run into what she called the ‘levelling up problem.’
Goldman Sachs ended 2023 strongly despite investment banking weakness January 16, 2024 Goldman Sachs reported that profit jumped at the end of 2023 as the bank’s asset and wealth management arm helped offset continued weakness in investment banking. In the three months to December, the bank’s net earnings climbed 51 per cent to $2.0bn, up from $1.3bn in the same period last year. The jump in profit [...]
Morgan Stanley: Profit hit by $500m in one-time charges but investment bank shines January 16, 2024 Morgan Stanley's profit missed analysts' estimates in the fourth quarter as it was hit by more than $500m (£395m) in one-time charges which offset a stronger performance from its flagship investment bank.
Rich Ricci: Who is the horse racing chief of the City’s newest investment bank? January 16, 2024 Racehorse owner Rich Ricci is set to be reunited with his former Barclays boss Bob Diamond with the merger of investment banks Panmure Gordon and Liberum.
Panmure Liberum: Two City brokers merge into new investment bank led by Rich Ricci – with Bob Diamond providing the financing January 16, 2024 Two of the City's leading brokers have struck a deal to merge today to create the UK's largest investment bank focused on smaller and mid-sized listed firms.