Clearbank deposits balloon amid growth at Revolut and Coinbase Fintech The banking backbone behind the likes of Revolut and Coinbase has recorded a surge in deposits and revenue as client activity hit record levels Clearbank, which launched in 2017 to provide banking infrastructure and embedded services to challengers, posted a 65 per cent jump in deposits in 2025, reaching £17.8bn. The growth came as the [...]
‘Make the process look less scary’: UK banking licence applications hit zero in 2025 Banking The number of applicants for UK banking licences plummeted to zero in 2025, raising questions over the government and regulators’ capacity to foster competition and attract overseas investment. The fresh figures – revealed in a Freedom of Information request by financial regulation consultancy Pathlight Associates – show a steep fall from the 11 licence bids [...]
For FSCS sake: Meet the body that protects Britain’s savers in a financial crisis Banking As echoes of 2008 percolate through the banking system, the body that serves to protect Britain in a financial crisis says it’s ready to weather any storm. A combination of fears around private credit, the “stretched” value of artificial intelligence firms and more recently, concerns around a global energy shock, have made top bankers sound [...]
UK banking sector faces ‘AI-washing’ legal warning March 16, 2026 The UK’s banking sector is facing a new wave of regulatory AI warnings as bullish lenders race to rapidly beef up their tech capacity. Rosehana Amin, cyber and litigation partner at Clyde & Co LLP, warned banks may face a significant legal liability over misleading markets over their use of AI. Speaking at the City [...]
What happens now after Lloyds Bank’s tech disaster? March 13, 2026 Customers at Lloyds Banking Group were sent into panic on Thursday morning after a number of users opened their mobile app to find rogue transactions that did not belong to them. Screenshots quickly flooded social media with many of the bank’s 28m customers describing their horror at seeing up thousands of pounds of bizarre payments. [...]
Lloyds Bank investigating ‘technical glitch’ as users see rogue transactions March 12, 2026 Lloyds Banking Group is looking into a “technical glitch” that left users of the bank’s app on Thursday morning seeing other users’ transactions on their mobile app. The group – which consists of Lloyds, Halifax and Bank of Scotland – responded to concerned customers on X in the early morning that it was looking into [...]
Santander names new TSB boss ahead of takeover March 2, 2026 Santander has named the new top boss of TSB Bank as the firm gears up for its blockbuster takeover of the high street unit. The Spanish-headquarted banking giant – which beat out its peers to snap up TSB for £2.6bn last July – appointed Nicola Bannister as the new chief executive of TSB. Bannister ascends [...]
Barclays and Natwest set for bidding war in race to beef up wealth arms February 4, 2026 Barclays and Natwest are set for a bidding war as the banks prepare to make their play to snap up Evelyn Partners amid the race to beef up wealth management arms. The blue-chip lenders are both gearing up to table offers of over £2bn for the London-based wealth manager. A successful takeover would help enhance [...]
Motor finance, Madoff fraud, tax fears – bank shares defy the noise October 31, 2025 A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent this month and is up 17 per cent for the [...]
Barclays snaps up US personal loans fintech for $800m October 28, 2025 Barclays is set to take control of a US personal loans fintech in a deal that the lending giant hopes will beef up its loans package for its investment bank clients. The FTSE 100 bank said it would use consumer loan platform Best Egg as an “origination engine” after snapping the firm up for $800m [...]