Natwest share price slump casts doubt on privatisation plans November 5, 2023 Shares currently sit at £1.87, down from around £5 when the government acquired an 84 per cent stake in the bank during the financial crisis.
Lenders jostle for a slice of the ‘innovation economy’ after SVB’s collapse November 5, 2023 A number of banks are stepping up their operations to take a chunk of the UK's fast-growing 'innovation economy', prompted by the implosion of Silicon Valley Bank (SVB) earlier this year.
Treasury Committee chief: I had my JP Morgan bonus cut for taking maternity leave November 5, 2023 Harriett Baldwin, who chairs the Treasury Committee, told the Observer that she experienced a “glass ceiling” while working at the investment bank.
Bank’s Huw Pill: inflation won’t necessarily fall fast as demand slows November 3, 2023 Meanwhile, Jeremy Hunt said on Friday that the government would carry on working with the Bank over the central bank's sales of its massive bond-buying purchases.
Apple shares slide after forecasting iPads are no longer a Christmas must have November 3, 2023 Apple’s latest earnings report revealed a sales forecast for the upcoming Christmas quarter that fell short of Wall Street’s expectations, primarily due to sluggish demand for iPads and wearables, causing its shares to drop over 3% in after-hours trading. While the tech giant managed to exceed analysts’ expectations for its fourth-quarter earnings in terms of [...]
FCA spends more than £250,000 on ‘debanking’ inquiry amid Natwest scandal November 2, 2023 The FCA has spent £250,000 on its “debanking” inquiry, as Natwest faces criticism over the closure of Nigel Farage’s Coutts account.
Big Four banks bag extra £6.5bn from past interest rate hikes amid profiteering concerns November 2, 2023 The UK’s four biggest banks have collectively made an extra £6.5bn this year off the back of past interest rate hikes, says new analysis.
Revolut: Fintech brings in former Deutsche Bank executive as new UK chief November 2, 2023 Francesca Carlesi joins the firm from Molo, the UK's first fully digital mortgage lender, bringing experience from the world of banking and fintech.
Mortgage markets stabilising, reckon OneSavings Bank, as CFO departs November 2, 2023 FTSE 250 OneSavings Bank (OSB) Group announced that its chief financial officer was stepping down after more than 11 years at the bank.
Without the City, this country wouldn’t work November 2, 2023 Every day half a million people pile into the Square Mile, and many more beyond it, to ensure the wheels of UK finance keep spinning around.