Natwest shareholders approve proposal to buy back 15 per cent of shares from government April 23, 2024 Natwest shareholders have approved the bank's proposal to buy more of its stock from the government to accelerate its privatisation, potentially leaving the Treasury with fewer shares to offer retail investors.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger April 16, 2024 Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.
HSBC to book $1bn earnings hit from sale of business in Argentina April 9, 2024 HSBC has agreed to sell its Argentina business in a move that will see the bank book a $1bn (£800m) pretax loss in its first-quarter earnings.
Why are UK banking stocks doing so badly despite bumper profits? February 13, 2024 The UK's biggest banks are set to post bumper annual profits when they report their 2023 results in the coming weeks. But why are they not being rewarded on the stock market?