Santander boss says scrapping bonus cap is ‘good news’ for industry November 27, 2023 Santander boss Ana Botín has supported scrapping the bankers' bonus cap in Europe following the UK government's decision to do so in October.
Short sellers target Metro Bank ahead of crucial shareholder vote November 26, 2023 Short sellers are targeting Metro Bank ahead of a decisive shareholder vote tomorrow on a major refinancing plan agreed just over a month ago.
HSBC UK says banking services are returning after Black Friday outage November 25, 2023 HSBC has said its digital services are returning to normal after UK customers were left struggling to access mobile and online banking on one of the busiest shopping days of the year.
Black Friday: HSBC UK investigating as a ‘matter of urgency’ after shoppers unable to access banking services November 24, 2023 HSBC UK is investigating “as a matter of urgency” as customers have been struggling to access banking services on Black Friday. The bank has apologised to customers and is working to restore its mobile and online banking service, including the authorising of online card purchases via the app. A message posted by the bank on [...]
Will the Natwest share sale plan really ‘get Sid investing again’? November 24, 2023 Natwest shares have sunk more than 24 per cent so far this year, with the bank’s stock cratering in its biggest one-day drop since Brexit after it reported weak third-quarter results at the end of October.
Payment firms welcome government focus on open banking and competition November 23, 2023 Payment firms have welcomed Jeremy Hunt’s plans to legislate on open banking next year and follow recommendations of a government-backed review calling for more competition.
Big Four firm refuses to audit Hipgnosis Songs Fund accounts November 23, 2023 In a company update today, Hipgnosis Songs Fund said it is currently undertaking an audit tender process for the 31 March 2024 audit.
Virgin Money launches new £150m share buyback despite rise in impairments November 23, 2023 Virgin Money has launched a £150m share buyback programme as its margins remained stable, despite a fall in pretax profit driven by a surge in impairments.
Eurozone’s shadow banks face risk of margin calls, ECB says November 22, 2023 The central bank reiterated its call for introducing regulation for shadow banks like the one that governs traditional lenders, including liquidity requirements and stress tests.
Lukewarm welcome as Hunt extends ‘limited’ mortgage scheme for first-time buyers November 22, 2023 The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.