EU banking rules could ‘choke investment’ from booming City Banking The European Union threatens derailing its economic growth through changes to banking regulation after London beefed up its lending capacity following a Brexit boom. The 27-state bloc is set to bring in new legislation which will effectively ban non-EU banks from providing core banking services – such as lending and taking deposits – without establishing [...]
Starling revs up Engine with City hiring spree Fintech Starling is motoring into 2026 with its foot firmly on the pedal, injecting a fresh pump of gas into the group’s technology arm. The UK fintech veteran is planning to shift its software-as-a-service (Saas) banking platform into top gear with a major hiring spree across London. The platform, known as Engine, is a subsidiary of [...]
Santander UK boss: Government must overrule FCA on motor finance Banking Santander UK has said it will delay its third-quarter earnings report due to “uncertainty” following the financial watchdog’s motor finance redress scheme. The Spanish banking giant was due to publish its financial report for the third-quarter on Wednesday but has put it on hold “pending greater clarity regarding the [Financial Conduct Authority]’s proposals”. The bank’s [...]
Co-op Bank says transformation plan ‘materially complete’ ahead of agreed £780m Coventry merger May 2, 2024 The Co-operative Bank has said its multi-year transformation plan is "materially complete" as the lender progresses with an agreed £780m takeover by Coventry Building Society.
BBVA approaches TSB owner over £60bn Spanish bank merger April 30, 2024 Banco Bilbao Vizcaya Argentaria (BBVA), the second-largest bank in Spain, has approached smaller domestic rival Banco Sabadell over a merger that could create a group worth roughly €70bn (£60bn).