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banking consolidation

  • Lloyds shares rally after profit boost and £1.8bn buyback

    January 29, 2026

    Shares in Lloyds Banking Group jumped on Thursday as the bank launched a £1.8bn share buyback after breezing past profit expectations in the 2025 financial year. The FTSE 100 banking giant recorded a 12 per cent jump to pre-tax profit in the full-year netting £6.7bn and easily surpassing the £6.4bn pencilled in by internal analysts. [...]

  • UK bank ramps up fight for savers after rebrand 

    January 22, 2026

    The battle to bank Britain’s savers has ramped up with the arrival of a new name, set to challenge ‘easy access’ incumbents such as JP Morgan’s Chase, Goldman Sachs’ Marcus and fintechs like Oaknorth.  The former UK arm of Jamaica National Group, previously dubbed JN Bank UK, has revamped its operations after being sold in [...]

  • Bank bosses brace for interrogation in FTSE 100 lenders’ earnings season

    January 21, 2026

    Britain’s banking heavyweights are gearing up to report full-year earnings with top bosses set to face the crunch on the progress of their overhaul strategies.  Lloyds chief Charlie Nunn will be the first of the City’s top bankers to go under the microscope when the FTSE 100 giant releases its annual report on 29 January. [...]

  • UBS scouting for new top boss with Sergio Ermotti to exit next year

    January 13, 2026

    UBS Group is on the hunt for a new chief executive with the banking giant’s current top boss lined up for an exit next year. Sergio Ermotti, who has led the near-£112bn bank since he was rehired in 2023, is expected to depart in April 2027. The veteran financier had pledged to lead UBS “at [...]

  • Banking and insurance to drive financial M&As after 2025 frenzy

    January 7, 2026

    Deals in the financial services sector are expected to be “robust” in the year to come, following a burst of activity from the banking and insurance sector in 2025. UK banks, insurers and asset managers publicly disclosed 337 deals last year. Whilst this dipped down from the record high of 378 in 2024, the value [...]

  • Lloyds shares surge past 100p to 17-year high

    January 6, 2026

    Shares in Lloyds Banking Group surged past 100p on Tuesday morning amidst a wider rally in the London stock market’s blue-chips. The FTSE 100 banking giant jumped over one per cent at the opening bell to 101.30p marking a 17-year High before parring back some gains to close 0.8 per cent higher at 100.75. Lloyds’ [...]

  • Legacy banks must ‘radically modernise’ or lose to fintech stars, says former Barclays boss

    January 1, 2026

    A decade ago, Antony Jenkins was ousted from his role as chief executive of Barclays and months later warned the banking sector was reaching an “Uber moment”. Jenkins declared technology would be an “unstoppable force” in the banking sector and could lead to hundreds of branch closures and potentially slash the industry’s workforce by half. [...]

  • How Natwest, Lloyds, Barclays and HSBC fired up the FTSE 100 in 2025

    December 9, 2025

    If 2025 was supposed to be the year of the AI bubble, nobody told Britain’s banking giants. Amidst the noise of the US tech boom, the UK’s FTSE 100 banking heavyweights, Natwest, Lloyds, Barclays, and HSBC, have staged a formidable, if understated, rally. Lloyds delivered an astonishing 75.8 per cent gain, while Barclays surged 65 [...]

  • Paragon Banking chief eyes acquisitions after capital boost 

    December 3, 2025

    The boss of Paragon Banking Group has acquisitions in mind after the lender received a major tailwind from regulatory reforms this year. Nigel Terrington has said the loosening of banks’ capital requirement rules, known as MREL (minimum requirement for own funds and eligible liabilities), will open up further growth prospects for mid-cap lenders.  The boss [...]

  • HSBC shares rise as Georges Elhedery’s pivot East beats the noise

    October 28, 2025

    HSBC’s pass through the third quarter was almost identical to the second. Despite another hefty hit to the firm’s bottom line, chief executive Georges Elhedery has quietly and effectively pushed ahead with his bold overhaul of the group. For the three months to September 30, HSBC took a 14 per cent profit beat falling to [...]

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