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  • Starling revs up Engine with City hiring spree

    December 16, 2025

    Starling is motoring into 2026 with its foot firmly on the pedal, injecting a fresh pump of gas into the group’s technology arm. The UK fintech veteran is planning to shift its software-as-a-service (Saas) banking platform into top gear with a major hiring spree across London.  The platform, known as Engine, is a subsidiary of [...]

  • Motor finance lenders brace for legal battles amid redress spat

    December 15, 2025

    Motor finance lenders have been sent a major warning over a potential influx of legal battles if the UK’s financial watchdog fails to “genuinely compensate” consumers. Britain’s top banks were thought to have been granted some reprieve earlier this year after the Supreme Court sided with upheld the appeals of two lenders in the landmark [...]

  • Crypto firms face clamp down from Treasury and watchdog

    December 15, 2025

    Cryptocurrencies will face regulation like any other financial products under new laws announced by the Treasury. Firms that offer crypto products will fall under the Financial Conduct Authority’s jurisdiction as part of new rules requiring digital assets providers to meet a set of standards from the City watchdog. The Labour government said the new legislation, which comes into [...]

  • HSBC follows Nationwide with branch pledge in bid to woo customers

    December 12, 2025

    HSBC has promised it will not shut any branches in the UK until at least 2027 as the bank ramps up its efforts to appeal to customers. The FTSE 100 titan, which is Europe’s biggest lender, will invest £55.8m into its 327 branches in 2026, a 30 per cent increase on the £42m it spent [...]

  • Big banks SME lending comeback slowed down by Budget jitters

    December 11, 2025

    High street banks’ return to small business lending slowed in the third quarter of 2025 after the chaos on the road to the Autumn Budget dampened activity in the economy. Big banks dished out nearly £4.2bn in total loans to small and medium-sized enterprises (SMEs) in the three months to 30 September – a level [...]

  • 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 [...]

  • Watchdogs rip up rulebook for building societies in growth boost

    December 5, 2025

    British building societies are in line for a deregulation boost after UK watchdogs announced a joint raft of initiatives aiming to power up the sector. Mutuals – which, contrary to banks, are owned by their members – are set to land a significant growth tailwind following a fresh report from the Financial Conduct Authority (FCA) [...]

  • Strap a rocket to UK banks or watch the City drift, shadow chancellor warns

    December 4, 2025

    Shadow chancellor Mel Stride has called for a tearing down of burdensome City regulation to power up the financial services sector and avoid it losing status. The Tory MP said the pendulum has swung “too far in favour of trying to iron… [and] squeeze risk out of the system”. Stride called for a “bonfire of [...]

  • Is HSBC’s chair hunt really over?

    December 4, 2025

    Safe, but surprising – that was the verdict across the City as Britain’s biggest bank unveiled its new chair after a twist-and-turn search.  Brendan Nelson will take the post at HSBC, succeeding Sir Mark Tucker, whose exit in September left the bank without a permanent chair for weeks. Except for Nelson. Indeed, the seasoned accountant [...]

  • 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 [...]

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