‘Why does it take so long?’: MPs clash with banking regulator on speed of City reform February 8, 2024 A top group of MPs clashed with the banking watchdog today over the speed it is pushing through the government’s landmark package of financial reforms.
Remortgaging rates tick up as lenders bet on ‘captive audience of existing customers’ February 7, 2024 Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.
‘About a third’ of Facebook Marketplace listings could be scams, MPs told February 7, 2024 A director at TSB Bank has warned a group of top MPs that Facebook Marketplace and cryptocurrency investment are major breeding grounds for scams amid calls for Big Tech to take more responsibility for a wave of fraud on social media.
Standard Chartered reportedly taps ex-Chancellor Javid and Treasury veteran Roxburgh to be next chair February 7, 2024 Standard Chartered has reportedly tapped former Chancellor Sajid Javid and Treasury veteran Charles Roxburgh to succeed José Viñals as its chair.
Treasury could launch Natwest retail sell-off as soon as June, UKGI confirms February 6, 2024 The Treasury could begin selling its shares in Natwest as soon as June, the body for government investments has confirmed.
Virgin Money warns of more job cuts to come after dropping 150 staff as it slashes costs February 6, 2024 Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year.
UBS reinstates dividend and plans share buyback despite second consecutive quarterly loss February 6, 2024 UBS has announced that it will resume share buybacks in the second half of this year and plans to award shareholders up to $1bn (£797m) as it integrates fallen rival Credit Suisse.
Investors’ greenwashing fears must lead to greater City scrutiny February 6, 2024 About three years ago we hit on a seemingly foolproof strategy: we agreed to ask about the City’s three favourite letters: ESG.
Santander and Lloyds reportedly helped Iran-backed oil firms evade UK sanctions February 5, 2024 The Financial Times reported that both Lloyds and Santander provided accounts to British front companies owned by Petrochemical Commercial Company (PCC).
Prosecutions fail to keep up with the UK’s growing ‘fraud epidemic’ February 5, 2024 The UK government has been urged to do more to crack down on fraud after new data showed the number of high-value criminal cases reaching the courts has stayed flat despite a sharp rise in fraud.