FTSE 100 banks are facing £2.5bn of headwinds – HSBC and Barclays are in the firing line May 6, 2026 The FTSE 100’s Big Five banks toasted a healthy profit stash in the first-quarter, but, says Samuel Norman, storm clouds are gathering on the horizon for the sector. The London market’s five biggest banks swallowed a bitter cocktail of economic risks in the first three months of the year leaving a bumper cash haul overshadowed [...]
HSBC profit drops after Iran war and private credit charges bite May 5, 2026 HSBC missed its profit target in the first quarter of the year after the blue-chip lender booked a mammoth credit charge. The FTSE 100 giant – which boasts a huge £230bn market cap – recorded a pre-tax profit of $9.4bn (£6.5bn), missing the $9.6bn pencilled in by analysts. This figure is also down $100m on [...]
After Santander’s TSB takeover – who are the top players in UK banking? May 1, 2026 Santander shocked the City last years after beating out its rivals to snap up TSB Bank. Now with the takeover complete, who are the major players in the sector? The near £3bn mega-merger of Santander and TSB has finally reached completion. And with it, Spanish-owned Santander is set to significantly beef up its UK presence [...]
Natwest shares slip as bank upgrades income on higher interest rates May 1, 2026 Natwest breezed past profit expectations in the first quarter of the 2026 and is predicting a greater bump to its bottom line on the back of higher-than-expected interest rates. The FTSE 100 giant booked a £2bn pre-tax profit in the first three months of the year, up from £1.8bn in the same period last year [...]
Lloyds shares upgraded to ‘Buy’ after interest rates tailwind April 30, 2026 Analysts at UBS slapped a ‘Buy’ rating on shares in Lloyds Banking Group as the financial services giant looks to receive a bump to its bottom line from the elevated interest rate path. Jason Napier, analyst at UBS, said: “Given the tailwinds from rate hedges… we see strong future momentum in profits as a relatively [...]
Standard Chartered registers $190m charge on Iran war April 30, 2026 Standard Chartered’s impairment charges jumped in the first quarter as the bank set aside a hefty sum to cover volatility in the Middle East. The FTSE 100 giant booked $296m in credit impairment charges, with $190m of this coming from “precautionary management overlays” related to the war in Iran. The Asian-focused bank’s activity in the [...]
Santander UK profit slides after motor finance reserves balloon April 29, 2026 Santander UK’s profit took a knock in the first quarter of the year after the bank made another hefty top up to its motor finance provisions. The UK arm of the Spanish banking giant booked a £202m pre-tax profit for the first three months of 2026. This was down 44 per cent from the same [...]
Lloyds shares drop after income upgrade on higher interest rates April 29, 2026 Lloyds Banking Group has upgraded its income targets for the year as the bank expects to bring in more cash as interest rates remain elevated from the Iran war. The FTSE 100 financial giant – which counts Lloyds Bank, Halifax and Bank of Scotland among its subsidiaries – said it expects net interest income to [...]
AI could trigger a PPI level scandal in ‘two weeks’ April 29, 2026 A multi-billion pound scandal like PPI could happen within just “two weeks” as UK finance firms plough ahead with deploying AI despite uncertainty around governance standards, a fresh report has claimed. The UK’s financial services sector faces a “capability gap” when deploying AI, according to a report from regulatory compliance firm Zango. The research pulled [...]
Barclays shares slide as sour loan provisions balloon to £823m April 28, 2026 Barclays made a mammoth reservation for bad loans in the first quarter led by the hostilities in the global market and a single name charge in its investment banking division. The blue-chip lender set aside £823m for potential loan losses, up from £643m in the same period last year, in a stark sign the firm [...]