Shawbrook Bank’s loan and deposit book boosted by retail demand May 15, 2025 Shawbrook Bank received a boost to its loan book in the first-quarter driven by strong demand in commercial and retail markets. Lending increased to £15.8bn, from £15.2bn at the end of 2024. This marked a 15 per cent annual jump. The growth came as the group’s structured lending pipeline reached a new high, as it [...]
Vanquis shares jump after recovery from complaints storm May 14, 2025 Shares in Vanquis Banking Group rose on Wednesday after the firm said it had swung back into profitability following a major blow from complaints in 2024. The London-listed bank’s stock was up nearly seven per cent as markets opened, trading above 75p. The Bradford-based lender recorded £2bn in net receivables, the total money expected to [...]
Metro Bank shares soar as lender’s turnaround gathers pace May 8, 2025 Metro Bank said there was a “significant increase” in quarter one profit against the second half of 2024 during a trading update on Thursday. Shares in the bank jumped nearly four per cent during early trading. The London-based firm said it was “confident” it would meet full-year targets after a “structurally higher” net interest margin, [...]
Standard Chartered shares downgraded after tariff bruising May 7, 2025 Analysts at UBS slapped a downgraded price on Standard Chartered’s shares after a bruising period for the lender amid geopolitical tensions. The analysts reduced the target share price to 1,215p from 1,310p but maintained their ‘Buy’ rating. Shares were down 0.6 per cent on Wednesday at 1,049p. In the fallout of President Donald Trump’s ‘Liberation [...]
Natwest shares jump as stamp duty rush and market chaos boost income May 2, 2025 Natwest beat analysts’ first-quarter profit expectations after market volatility and a rush to beat stamp duty boosted takings. The FTSE 100 giant booked a £1.8bn pre-tax profit, surpassing the £1.6bn pencilled in by analysts. Shares in the lender rose over three per cent during early trading on Friday. Total income rose 3.8 per cent to [...]
HSBC on hunt for new chair as Mark Tucker to retire by year-end May 1, 2025 HSBC chair Mark Tucker will retire by the end of 2025 after an eight-year stint at the lender, the bank has said. Europe’s biggest lender said Tucker would continue as a strategic adviser to Georges Elhedery, the lender’s chief executive, in his retirement. The Board’s Nomination and Corporate Governance Committee said it is already on [...]
Santander UK’s provisions surge after branch closure backlash April 30, 2025 Santander UK was struck with a surge in provisions in its first-quarter report as backlash mounted to its branch closure operation. The Spanish-headquartered lender’s provisions for liabilities and charges rose 69 per cent to £140m. The firm said £42m of this was driven by “charges relating to changes to our branch network”. This comes as [...]
Tandem Bank: ‘Greener’ UK fintech bolsters profit April 24, 2025 Digital bank Tandem reported its third year of profitability in the 2024 financial year. The fintech – which brands itself as “the UK’s greener digital bank” – recorded a 40 per cent jump in underlying profit to £24.1m. This was up from £17.2m in 2023. Tandem’s assets under management topped £1.5bn at the end of [...]
City bonuses beat Wall Street after cap scrapped April 22, 2025 UK financial services handed out the industry’s highest bonuses last year after taking advantage of the lifting of pay restrictions. Workers pocketed an average $149k (£114k) bonus in 2024, according to fresh data from jobs platform eFinancialCareers. This marked a 25.7 per cent jump from 2023 and sent the UK above North America, which rose [...]
Clearbank, Allica, Atom: The fast-growing future of UK fintech April 19, 2025 Fintech has planted its flag firmly in the Square Mile. Industry giants Monzo and Starling have become household names, helping London to established itself as a leading global fintech hub. KPMG’s bi-annual fintech report showed UK fintech investment was at £7.9bn last year. And now young firms are growing faster than ever, promising to send a [...]