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banking consolidation

  • Revolut: Inside Nik Storonsky’s $75bn fintech empire still waiting for its crown

    February 24, 2026

    In Revolut’s shiny new Canary Wharf headquarters, the command ‘Get Sh*t Done’ is bolted onto the walls. The unconventional office mantra is a stark reminder of co-founder Nik Storonsky’s acerbic, straight-talking manner that has kept the gas pumping at the UK’s most valuable fintech since it opened for business in 2015. “Whenever a target is set, [...]

  • Lloyds to close 95 more bank branches across UK

    February 11, 2026

    Lloyds Banking Group is set to make a further full to its branch network with 95 sites face the shutter. The FTSE 100 banking giant announced the fresh closures on Wednesday, which will affect Lloyds, Halifax and Bank of Scotland sites. The closures will take place between May 2026 and March 2027. Lloyds will take [...]

  • Standard Chartered shares fall as finance boss exits for Apollo

    February 10, 2026

    The finance boss of Standard Chartered has made a swift exit from the bank as he takes up a top job at asset manager Apollo. Diego De Giorgi, who joined the bank in September 2023 before becoming chief financial officer in January 2024, stepped down to lead Apollo’s European, Middle East and Africas region. The [...]

  • Barclays kicks off £15bn shareholder bonanza after profit rises

    February 10, 2026

    Barclays kickstarted plans to dish out heaps of cash to shareholders on Tuesday after the bank’s profit breezed ahead of expectations for the 2025 financial year. The FTSE 100 giant launched a fresh £1bn share buyback after pre-tax profit soared 13 per cent in the last 12 months to £9.1bn. This came ahead of internal [...]

  • Why Natwest splashed the cash for a slice of the wealth management pie

    February 10, 2026

    Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]

  • Natwest shares sink after bank unveils £2.7bn wealth deal

    February 9, 2026

    Natwest has beat its banking rivals to snap up wealth manager Evelyn Partners and laid out plans to kick off a new round of shareholder returns. The FTSE 100 banking giant, which returned to privatisation last year, said it had sealed a £2.7bn deal to purchase the firm from its private equity owners Permira and [...]

  • Starling founder Anne Boden cuts stake in £4bn fintech

    February 6, 2026

    The founder of UK fintech Starling has slashed her stake in the digital bank during a secondary share sale, City AM can reveal. Anne Boden, who launched Starling in 2014 after stints at Allied Irish Banks and Lloyds, cut her holdings in the digital bank to near 2.7 per cent from a previous 4.3 per [...]

  • TSB’s profit soars ahead of Santander takeover

    February 6, 2026

    Profit at high street lender TSB soared in the latest financial year as the bank slashed costs ahead of its landmark takeover by Santander. TSB’s pre-tax profit hit £350.4m in 2025, a 20.7 per cent jump from the year prior. The growth was fuelled by rising income streams and falling costs, even as the bank [...]

  • Santander takes jab at City watchdog as motor finance bill balloons

    February 4, 2026

    Santander has took another major swipe at the City watchdog after the banking giant hiked its provisions for the motor finance scandal. As it reported full-year results, the bank said its bill for the car mis-selling saga had reached £461m, building on a previous £295m provision. It follows the bank’s UK arm missing its third-quarter [...]

  • 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. [...]

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