IMF calls for ‘intrusive’ supervision to prevent financial stability risks from ‘sizeable tail of weak banks’ October 10, 2023 The International Monetary Fund (IMF) warned that the global banking system remains at risk from the impact of rising rates six months on from Silicon Valley Bank's (SVB) collapse.
Banks bullish on Arm one month on from Nasdaq float October 9, 2023 Shares in Arm jumped in early trading today after a number of major US banks issued a 'buy' rating for the stock just one month after the British chip designer floated on Nasdaq.
Clydesdale Bank loan misselling case begins in High Court as claimants seek £400m October 9, 2023 A £400m High Court case against Clydesdale Bank kicked off today with claimants alleging that business account customers paid hundreds of millions of pounds in unnecessary interest.
Metro Bank fundraise averts immediate threat – but what next? October 9, 2023 Metro Bank's emergency capital raise has reassured investors for the moment, but analysts warned the bank needed to develop a more convincing investment case if it is to survive.
Metro Bank share prices rises after bank strikes late-night deal to shore up balance sheet October 9, 2023 Metro Bank confirmed this morning that it had secured a major refinancing package from its investors after a bruising week in which the bank's share price fell nearly 30 per cent.
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
Metro Bank: Natwest, Lloyds and Santander UK consider buying parts of lender – report October 8, 2023 The Bank of England has reportedly been canvassing some of the UK’s most high profile banks to gauge their interest in purchasing Metro Bank.
Metro Bank: Bank of England approached UK lenders to gauge interest in troubled bank October 8, 2023 The Bank of England's Prudential Regulation Authority approached a number of big UK lenders this week to see if they had any interest in taking over British lender Metro Bank, the Financial Times reported.
US banks prep results as lenders adjust to higher-for-longer rates outlook October 8, 2023 Investors will be keeping a close eye on how US banks are adjusting to the new higher-for-longer interest rates outlook this week, as a host of major American lenders line up to deliver their latest financial results.
Metro Bank rejected takeover approaches from rival lender Shawbrook October 7, 2023 Metro Bank has rejected a series of takeover approaches from specialist business lender Shawbrook, including one made in the second half of September.