Bank of England asks lenders about clients’ stability as Reeves brands system ‘resilient’ April 8, 2025 The Bank of England has asked lenders about their clients’ financial well-being after Trump’s tariff onslaught triggered chaos across financial markets. The central bank asked firms for information about market liquidity and whether any of their clients were having funding problems, according to the Financial Times. The Prudential Regulation Authority, which is responsible for the [...]
Barclays: FTSE 100 giant’s shares bounce back after volatile trading April 8, 2025 Shares in Barclays rallied on Tuesday morning after a bruising week. The FTSE 100 lender has been caught in the chaos of Trump’s tariff onslaught. The firm was among top banks, including HSBC and Standard Chartered, which led the blue-chip index’s top fallers as markets sunk. Barclays stock was down nearly ten per cent after [...]
Arbuthnot: Lender has ‘key advantage’ ahead of Bank of England rate cuts April 8, 2025 Arbuthnot Banking Group is well-positioned for further interest rate cuts from the Bank of England, according to analysts despite its profit dropping by more than £10m during its latest financial year. The lender booked a £35.1m pre-tax profit in its full-year results – a drop of over £10m from 2023. Arbuthnot’s net interest margin – [...]
Barclays, HSBC, Bank of America bosses hold crisis tariff talks April 7, 2025 Chief executives at the world’s biggest banks have held talks on the fallout of Trump’s tariff onslaught. Bosses from Bank of America, HSBC, Barclays and Citi discussed the global chaos triggered by Trump’s ‘Liberation Day’ in a call on Sunday, according to Sky News’ Mark Kleinman. The call was organised by the Bank Policy Institute [...]
JP Morgan chief issues recession and stagflation warning over Trump tariffs April 7, 2025 JP Morgan chairman and chief executive Jamie Dimon has warned that severe curbs on trade imposed by President Donald Trump could lead the US economy towards recession and stagflation. Dimon made the comments ahead of the multinational investment bank’s financial results, reporting revenue of $180.6bn and net income of $58.5bn in 2024. He credited the [...]
HSBC and Standard Chartered shares sink as ‘outsized’ Asian tariffs bite April 7, 2025 Shares in banking giants HSBC and Standard Chartered have taken a significant hit as the global trade war ramps up. HSBC was down nearly three per cent in early trading on Monday. The lender’s losses in the last five days have now topped 15 per cent. Meanwhile, Standard Chartered plunged nearly four per cent, with [...]
Santander: Ex-Treasury chief civil servant could be new bank chairman April 5, 2025 Former Treasury permanent secretary Sir Tom Scholar who was sacked by Liz Truss could become the new chairman of Santander UK, according to a report. Sir Tom, who helped devise the Covid-19 furlough job protection scheme, is the preferred candidate for chairmanship of Britain’s fifth-biggest high street bank, Sky News is reporting. He could be [...]
HSBC, Natwest and Barclays shares plunge as FTSE 100 downturn deepens April 4, 2025 The FTSE 100’s ‘Big Five’ banks were back in the red on Friday as tariff woes intensified. Shares in Natwest and Barclays slumped nearly ten per cent after China announced retaliatory tariffs against the US, making them the index’s top fallers. HSBC lost over eight per cent. Lloyds and Standard Chartered were not far behind [...]
Motor finance: Close Brothers stock falls as banks face judgment day in Supreme Court case April 1, 2025 Car dealers do not owe a fiduciary duty to customers when arranging finance, the Supreme Court heard Tuesday morning in opening remarks of the motor finance case
Barclays, NatWest, Citibank, JPMorgan: Major British banks take forex rigging case to Supreme Court April 1, 2025 Central British banks, including Barclays and NatWest, will be at the Supreme Court today, aiming to overturn a decision in the forex rigging case.