Revolut finally publishes 2022 accounts but UK banking licence remains elusive December 22, 2023 The fintech company has filed its long-awaited accounts for 2022, but a UK banking lisence remains out of reach.
Royal Bank of Canada’s £8bn bid for HSBC approved December 22, 2023 The Canadian government has green-lit a $10.2bn (£8bn) bid by the Royal Bank of Canada (RBC) for HSBC's domestic unit, HSBC Canada.
Co-op Bank enters exclusive talks with Coventry Building Society December 21, 2023 The Co-op Bank has entered exclusive talks with Coventry Building Society which could pave the way for a merger in the months to come.
Barclays to stay at iconic Canary Wharf HQ until 2039 in boost for London banking district December 21, 2023 Canary Wharf Group said the bank had agreed a five year lease extension on its tower One Churchill Place.
Tony Dalwood: Why Gresham House is ditching the London Stock Exchange December 21, 2023 Charlie Conchie interviews the biggest movers and shakers in tech, fintech and financial services. This week, chief executive of Gresham House, Tony Dalwood, explains why he’s leaving the London Stock Exchange. Rugby, says former Saracens fullback Tony Dalwood, can teach you a thing or two about business. “Teamwork, leadership qualities – and you know how [...]
It’s Quiz-mas! How will you score in Deloitte’s big economics quiz of the year? December 20, 2023 The answers and a brief explanation of the factors at work are at the end of this note. Obviously, our readers won't be cheating....
Revolut reportedly set for £1.5bn in revenue on higher European interest rates December 20, 2023 Revolut is set to see revenue of more than £1.5bn in 2023, according to an investor presentation seen by Bloomberg, as the pan-European fintech receives a boost from higher interest rates.
Shares in banks and housing firms rise on sharp inflation slowdown December 20, 2023 Shares in banks and housebuilders jumped on Wednesday morning after fresh inflation data came in lower than expected, boosting hopes for interest rate cuts in the first half of next year.
Banks to reimburse up to £415,000 per APP fraud claim, regulator confirms December 19, 2023 People who have been tricked into transferring money to fraudsters will be able to receive up to £415,000 back per claim under new requirements coming into force next year, a regulator has confirmed.
Brits hit with double whammy as credit card costs and loan rates are highest in years December 19, 2023 The cost of credit card borrowing has reached its highest level in at least 17 years while Britons also face decade-high personal loan rates, according to data from financial information website Moneyfacts.