Lloyds tells Big Tech to do more to tackle surge in crypto scams November 10, 2023 Lloyds Bank has issued an "urgent warning" over a surge in cryptocurrency scams and called on Big Tech companies like Meta to do more to tackle the issue.
‘Watershed moment’: Nationwide cuts mortgage rates to sub-five per cent – while arrears keep climbing November 9, 2023 Nationwide has launched the first two-year fixed mortgage below five per cent since June as lenders face pressure to offer better deals in a fiercely competitive market.
Santander UK appoints veteran of 18 years as CFO following surge in profit November 9, 2023 Santander UK has appointed Angel Santodomingo as its new chief financial officer (CFO), replacing Duke Dayal, following a jump in profit for Spain's biggest lender.
High street banks pull back lending to small firms as funding gap widens November 9, 2023 High street banks are pulling back from lending to small and medium-sized enterprises (SMEs) while demand for capital is set to rise, according to a survey of more than 100 brokers.
Surge in ‘debanking’ complaints following Farage-Natwest scandal November 8, 2023 Complaints about bank account closures have surged this year, new figures reveal, as the sector comes under scrutiny following the 'debanking' scandal involving Natwest and Nigel Farage.
Co-op Bank hints at potential sale after reports of auction November 8, 2023 Co-operative Bank has confirmed that it is exploring potential strategic opportunities
What are AT1 bonds and why has UBS started selling them? November 8, 2023 AT1s were designed in part to make it less likely that the taxpayer would have to bail out a failing bank
Co-op Bank reports dip in profits as takeover suitors swirl November 8, 2023 Co-operative Bank has doubled down on its guidance for the year today despite a dip in profits, in a key set of results for the lender as it hunts for a potential buyer.
Financial watchdog slams payment firms for lacklustre handling of APP fraud November 7, 2023 The UK's financial watchdog has found that payment firms should strengthen their systems to detect and prevent authorised push payment fraud (APP), as well as treat victims better.
Oaknorth founder accuses lenders of underserving SMEs for years November 7, 2023 Oaknorth is offering to help scale-up businesses that are being overlooked and underserved by big banks