Payments watchdog mulling greater powers as Visa and Mastercard ‘run rings’ with fee hikes January 30, 2024 The UK payments watchdog has mulled whether it should have more powers to take firms to court if they refuse to provide information as it faces criticism for not doing enough to clamp down on post-Brexit credit and debit card fees.
HSBC fined £57.4m by Bank of England over historic depositor protection failings January 30, 2024 The regulator said that among its failings, HSBC incorrectly marked 99 per cent of eligible beneficiary deposits as being “ineligible” for protection under the Financial Services Compensation Scheme (FSCS).
Business group slams head of banking resolution scheme for ‘misleading’ MPs January 30, 2024 Representatives of small and medium-sized businesses have hit out at "misleading" and "inaccurate" comments made by the chief executive of a banking resolution scheme in parliament last week.
UK Finance boss: City’s post-Brexit ‘challenger’ role takes ‘some getting used to’ January 30, 2024 Postings noted that in the Brexit debates "there was probably more debates around fishing quotas than there was around financial services".
Bunq mulls London IPO as European neobank plots Monzo and Revolut UK challenge January 30, 2024 European fintech and neobank Bunq has applied for a UK electronic money institution (EMI) licence as it looks to capture market share from the likes of Revolut and Monzo ahead of a potential IPO.
Santander, Deutsche and UBS: European banks’ earnings set to be challenged by interest rate peak January 29, 2024 Investors will be looking at how some of Europe's biggest banks grapple with a likely peak in interest rates and an uncertain economic picture when they report full-year results this week.
Private credit lenders might be storing up future problems, Bank of England official warns January 29, 2024 Foulger said some of the actions to support borrowers "delay or mask" vulnerabilities rather than addressing underlying issues.
Lloyds to scrap mobile banking vans which help ‘as little as two customers’ January 29, 2024 Lloyds Banking Group is scrapping its mobile banking vans this year as part of its transition to digital banking, with demand for the service tumbling in recent years.
Government could launch Natwest public share sale this summer January 28, 2024 The government is preparing to start selling its shares in Natwest to retail investors as soon as the middle of this year, City A.M. understands.
Amanda Staveley mounts fresh legal action against Barclays over 2008 Qatari rescue January 28, 2024 Dealmaker and co-owner of Newcastle United Amanda Staveley has mounted new legal case against Barclays over a rescue deal the bank made with Qatar during the financial crisis.