Lloyds shares drop after income upgrade on higher interest rates April 29, 2026 Lloyds Banking Group has upgraded its income targets for the year as the bank expects to bring in more cash as interest rates remain elevated from the Iran war. The FTSE 100 financial giant – which counts Lloyds Bank, Halifax and Bank of Scotland among its subsidiaries – said it expects net interest income to [...]
Barclays takes shot at tax speculation as UK growth forecast cut April 28, 2026 Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]
Natwest, HSBC, Lloyds face rules change in regulatory shake-up April 27, 2026 A number of Britain’s top lenders will on Tuesday face a rules overhaul relating to regulations around de-banking customers. HSBC, Natwest and Lloyds are among the lenders that will have to comply with the new changes that are expected to afford customers improved protections when accounts are closed. New rules – which will come into [...]
Bank of London: Peter Mandelson-backed fintech sees losses widen April 27, 2026 The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
FTSE 100 banks £16bn payday to face economic reality check April 27, 2026 Provisions for sour loans threaten to take a bite out of profit growth as Barclays kicks off FTSE 100 banks earnings season next week whilst economic tensions loom over the wider financial industry. UK banks will give a snapshot of the gathering tensions in the economy next week as the nation’s top lenders update the [...]
Motor finance and wealth progress in spotlight for Lloyds earnings April 24, 2026 Investors will be looking for old wounds to be heal and crucial updates on expansion progress when Lloyds Banking Group gives its first-quarter update next week. The FTSE 100 banking titan – which is frequently cited as the UK’s most-traded stock – will give markets an insight into how it started the new year on [...]
Santander hits pause on €5bn buyback after US takeover April 23, 2026 Santander has been forced to hit the pause button on its bumper buyback programme announced earlier this year to comply with US regulation. The Spanish-headquartered bank told markets on Thursday it would temporarily suspend the €5bn (£4.3bn) buyback launched in February to comply with US regulation around its takeover of Webster. The lender struck a [...]
S&U takes ‘Margaret Thatcher’ approach as profit swells April 21, 2026 Specialist lender S&U recorded a major bump to profit in the last year as the bank said it was following the teachings of former Prime Minister Margaret Thatcher. The London-listed bank – which was founded in 1938 and once known as Sports and Utilities – posted a pre-tax profit of £31.8m in the year ending 5 [...]
JP Morgan poaches Monzo’s banking officer to head up Chase UK April 17, 2026 JP Morgan has poached a top executive from Monzo to head up Chase UK. The Wall Street giant has hired Kunal Malani, who has served as chief banking officer at Monzo since 2020, to lead its UK-based digital banking service. Malani has had stints at Barclays and HSBC in his retail banking career before heading [...]
Barclays most ‘hurt’ bank to UK economy downgrades April 16, 2026 Barclays has been branded the bank most set to be “hurt” by the downgrades slapped on the UK economy following the turmoil caused by the war in the Middle East. The bank’s macroeconomic forecasts hold the most optimistic assumptions when compared to its FTSE 100 peers. This leaves the lender with a less of a [...]