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.
SMEs crushed by lack of funding as MPs scrutinise lenders on borrowing November 1, 2023 One in ten small and medium-sized businesses (SMEs) that have struggled to access financing eventually folded, according to a survey of 500 business leaders, as MPs scrutinise the sector's lenders.
Atom Bank raises further £100m from shareholders, shakes off valuation hit as London IPO looms November 1, 2023 Atom Bank has completed an £100m equity raise from its long-term shareholders as the digital lender prepares for a likely IPO.
City watchdog urges firms to link pay to consumer outcomes as bonus cap is lifted October 31, 2023 The Financial Conduct Authority (FCA) has called for firms to link executive pay to consumer outcomes as the City prepares to lift the cap on bonuses.
Here are the top banks most impacted by fraud — and worst at reimbursing their customers October 31, 2023 APP scams, which involve the victim making the payment themselves, accounted for 40 per cent of fraud losses in 2022.
Banks slammed for ‘doing as little as they can get away with’ to help savers October 30, 2023 The UK's biggest banks are "trying to do as little as they can get away with" to help savers as interest rates look set to stay high, a top Tory MP has said.