NatWest says ‘no customer will be left out of pocket’ after cash deposit glitch September 22, 2023 NatWest said it has resolved an issue with its cash machines after some of the bank’s customers reported problems with their accounts. A number of people took to social media site X, formerly Twitter, throughout Thursday complaining money they had deposited in their NatWest accounts was missing. Others expressed concerns they would accrue fees after [...]
London-listed Georgian banks pressured to dodge US sanctions by central bank September 21, 2023 Two London-listed Georgian banks have been caught in the middle of a sanctions spat after the Georgian central bank told the lenders they don't need to comply with recently announced US sanctions.
Inside story: How Cavendish became the City’s newest bank September 21, 2023 In late January, two bankers sat across from each other at the 57-year-old Chelsea haunt La Famiglia for a tete-a-tete over wine and dinner. The traditional Tuscan eatery is something of a hotspot for celebs and off-duty City types – a pre-sanctions Roman Abrahamovic even used to entertain Jose Mourinho there over a bowl of [...]
Boutique bank Close Brothers expands in Ireland with Bluestone Motor Finance takeover September 20, 2023 The deal, announced this morning in a regulatory announcement, is expected to complete in the fourth quarter of this year. The value of the deal was not disclosed.
Revolut granted extension to file annual results for second year in a row September 19, 2023 The fintech's results had been due in September, nine months after the end of its financial year.
Banks not closing accounts due to political views, FCA finds September 19, 2023 Banks have not been closing customer accounts for political reasons, according to the initial findings of an investigation by the FCA.
Farage debanking an outlier, reckons City watchdog’s investigation September 19, 2023 The bosses of both Coutts and Natwest quit after Nigel Farage was ‘debanked’ but an FCA report is expected to say it is not usual practice
Cashplus looks to shrug off rival challenger banks after delivering £5m profit September 19, 2023 Cashplus, which secured a banking licence in 2021, delivered a post-tax profit of £5.5m on the back of record revenue, which rose 28 per cent year-on-year to £52m.
JP Morgan unit opens short bet against CAB Payments months after bank worked on IPO September 18, 2023 JP Morgan’s asset management arm has taken out a bet against CAB Payments just two months after the firm floated to great fanfare in the capital.
SocGen shares tumble after new strategy sees little growth September 18, 2023 Societe Generale's shares plunged more than 9 per cent on Monday after France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.