Revolut makes second bid for US banking permit Fintech Revolut has made its second play for a US banking licence to crack the North American market as efforts for a UK permit continue to drag on. The London-born fintech juggernaut said on Thursday it had filed for a US bank charter as it named its new boss for the North America region. Nik Storonsky, [...]
Barclays set to cash in on market frenzy amid Middle East crisis Banking Barclays and its UK banking peers could be set for a cash boost from the brewing crisis in the Middle East as investors quickly dump equities and fears of an inflation spike spread. FTSE 100 giant Barclays has been noted as uniquely shielded by analysts due to its mammoth market divisions. Jefferies analysts said the [...]
Metro Bank shares dip after SME lending pivot sees profit balloon Banking Metro Bank has swung back into profit as the firm’s pivot into small business lending led to a bump in revenue. The FTSE 250 lender returned to profitability with a pre-tax profit of just north of £98m – a 15-year high and major clawback from losses of £14m last year. The swing came as Metro [...]
Ex Goldman chief: I smell another financial crisis March 2, 2026 Goldman Sachs’ top boss throughout the 2008 financial crisis has sounded the alarm that the global economy was drawing closer to another crash. Billionaire investment banker Lloyd Blankfein, who served at the helm of Goldman from 2006 until 2018, said: “I don’t feel the storm, but the horses are starting to whinny in the corral.” [...]
Santander names new TSB boss ahead of takeover March 2, 2026 Santander has named the new top boss of TSB Bank as the firm gears up for its blockbuster takeover of the high street unit. The Spanish-headquarted banking giant – which beat out its peers to snap up TSB for £2.6bn last July – appointed Nicola Bannister as the new chief executive of TSB. Bannister ascends [...]
HSBC bonus pot swells to 14-year record despite profit hit February 25, 2026 HSBC announced its bonus pot had swelled to an over decade high on Wednesday despite the bank recording a hit in annual profit as hefty impairment charges helped offset a boom in the bank’s wealth management operations. The FTSE 100 banking titan recorded a seven per cent drop in pre-tax profit for the annual year, [...]
‘I see people doing dumb things’: Jamie Dimon warns of crisis-style AI reckoning February 24, 2026 The world’s most influential banker has drawn parallels to the time before the global financial crisis amid inflated asset prices and peers doing “dumb things”. Jamie Dimon, the top boss of Wall Street behemoth JP Morgan, said: “Unfortunately we did see this in ‘05, ‘06, ‘07, almost the same thing. “The rising tide lifts all [...]
‘Vulnerable’ Lloyds and Barclays shares dip as tariff turmoil hits FTSE 100 February 24, 2026 Lloyds and Barclays shares tumbled into the red this morning as “vulnerable” City banking stocks got caught in the FTSE 100’s tariff turmoil. The FTSE 350 bank index tumbled over one per cent at open to 8,184.62 as lenders were struck with volatility at the opening bell. Barclays led the slump at over two per [...]
Standard Chartered hikes investor returns despite profit miss February 24, 2026 Standard Chartered handed out bumper investor returns following its full-year results despite the London-listed bank missing its profit target pencilled in by analysts. The Asian-focused lender recorded a two per cent uptick in pre-tax profit to $814m, falling below analyst expectations of $1.1bn. The miss came as net interest income performed weaker-than-expected, slumping 12 per [...]
Buy now, sell-off later: Where did Klarna’s IPO go wrong? February 20, 2026 When Klarna finally kicked off its Wall Street listing in September chatter quickly emerged whether the move would open the floodgates to a fleet of fintech listings. With the likes of Monzo, Zilch, Revolut and Starling all speculated to be eagerly waiting in the wings, all eyes were on the Swedish unicorn as a taster [...]