Silicon Valley Bank one year on: Is another banking crisis around the corner? March 12, 2024 One year on from the collapse of Silicon Valley Bank - could another crisis be around the corner?
Vanquis shares crater as bank issues profit warning amid surge in third-party claims March 11, 2024 Shares in Vanquis Banking Group tumbled as much as 43 per cent on Monday morning after the specialist lender said it expects profit to come in "substantially lower" than analysts' estimates in 2024 from costs tied to restructuring and a surge in third-party claims.
‘The budget doesn’t f*cking matter’: Gary Stevenson on why Hunt’s fiscal plans are ‘deckchairs on the Titanic’ March 11, 2024 Gary Stevenson, former Citi trader, quit the City a decade ago to campaign against inequality. Charlie Conchie, sits down with him to ask why.
Griffin: UK’s newest bank lands £19m funding round as it looks to scale March 11, 2024 Griffin, the UK’s newest fully operational bank, has secured a $24m (£19m) funding round as it looks to take on new customers for its Banking as a Service (BaaS) platform.
London fintech Flagstone notches £108m US private equity funding as it eyes international expansion March 11, 2024 UK fintech savings platform Flagstone has landed £108m funding from US private equity firm Estancia Capital Partners as it looks to tackle savings inertia and ramp up international expansion.
Morgan Stanley to stay in Canary Wharf in boost to struggling banking district March 10, 2024 Morgan Stanley has decided to retain its flagship Canary Wharf office in a major boost for the struggling financial district.
Richard Branson ‘set for £650m payout’ from potential Nationwide takeover of Virgin Money March 10, 2024 Sir Richard Branson is set to receive upwards of £650m from a potential takeover of his challenger bank Virgin Money by Nationwide, it has been estimated.
Metro Bank’s costs in focus as lender embarks on major restructuring March 9, 2024 Investors will be looking for more clues on Metro Bank's revamped strategy next week as the lender prepares to draw a line under a year that saw it rescued from potential collapse.
Ban NDAs used to ‘cover up’ sexual harassment in the City, MPs urge March 8, 2024 Non-disclosure agreements (NDAs) that have been “misused” to “cover up” sexual harassment in the Square Mile should be banned, MPs have urged, in a damning set of findings on sexism in the financial services industry.
Funding Circle looks to offload US arm and kicks off share buyback as losses deepen March 7, 2024 Fintech firm Funding Circle kicked off a £25m share buyback programme today and said it was looking to offload its loss-making US division in the hope of stemming losses and boosting its flagging share, the firm has announced.