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
Crisis over? Metro Bank deposit outflows stabilise following dramatic fundraise November 7, 2023 Metro Bank confirmed this morning that deposit outflows have returned back to normal levels after its dramatic fundraise last month.
UBS swings to bigger-than-expected £637m loss after costly Credit Suisse integration November 7, 2023 The Switzerland-based bank posted a net loss of $785m £637m) in the third quarter, significantly higher than the $444m analysts polled by Reuters had forecast.
Revolut in talks to move headquarters to Canary Wharf landmark November 6, 2023 Fintech Revolut is in negotiations to relocate its headquarters to a more central area of Canary Wharf, according to reports, in what could be a boost for the struggling financial district.
Structural hedges: Banks’ secret weapon to capitalise on high interest rates November 6, 2023 The UK’s major listed banks are set to reap the benefits of higher interest rates for years to come thanks to the impact of structural hedging, according to analysts.