Metro Bank shares soar after takeover interest from Shawbrook owner June 16, 2025 Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity [...]
Will fintech banks survive falling interest rates? June 13, 2025 Fintech lenders have accelerated their swing to profitability after interest rates spiked. The UK’s neobanks pocketed record revenues in the last 12 months. Revolut’s takings grew 72 per cent topping £3.1bn. Meanwhile Monzo’s revenue hit £1bn for the first time. But this came as interest rates maintained a post-financial crisis high of 5.25 per cent [...]
Banks have used AI for decades, but ChatGPT bias changes everything June 13, 2025 Banks may have been using AI for decades, but ChatGPT and its in-built biases present a massive problem for the industry, writes Lewis Z Liu.
Bank Aston to be first locally licensed Guernsey bank in 30 years June 12, 2025 Bank Aston has secured a banking licence from the Guernsey regulator that will make it the first locally licensed bank in the jurisdiction within 30 years. Bank Aston positions itself as a specialist provider for offshore trustees, investment funds, and family offices, which are key sectors in the Channel Islands’ financial services industry. The firm [...]
FCA: Motor finance redress scheme must keep market afloat June 5, 2025 The Financial Conduct Authority has pledged any redress scheme it may implement on the motor finance industry must keep the market afloat. The watchdog said ensuring the integrity of the motor finance market, so it works well for future consumers, would be crucial framework for a redress scheme. The Supreme Court is expected to give [...]
Credit Suisse seeks $440m Greensill Capital losses from SoftBank June 4, 2025 Four years after Greensill Capital collapsed, Swiss lender Credit Suisse's $440m legal battle against SoftBank is set for showdown at London's High Court
Monzo boss: Our tech will help us beat the big banks June 4, 2025 The boss of Monzo said the fintech darling is ready to take the fight to traditional lenders and “bets every day of the week” on its chances. Speaking at the Money 20/20 conference in Amsterdam, TS Anil said the next decade of banking would present “a race between two sides of the industry.” Anil said [...]
Paragon Bank: Stamp duty boost offsets motor finance provision June 4, 2025 Specialist lender Paragon Banking Group bolstered its profit in the first half of the financial year as increased lending managed to offshore a motor finance provision. The FTSE 250 bank’s pre-tax profit surged 26.7 per cent to £149.4m, up from £146.4 in the first half of 2024. This was driven by 4.9 per cent expansion [...]
Monzo: The rockstar fintech setting the City abuzz June 3, 2025 Monzo has dominated City chatter in recent months with its hotly anticipated IPO, and now the fintech unicorn’s latest financial results indicate the talk is only going to get louder. The UK fintech veteran broke another milestone in the last 12 months after topping £1bn in annual revenue. Behind the surge in takings was a [...]
HSBC accelerates private credit pivot with $4bn injection June 2, 2025 Europe’s biggest lender has continued its pivot into private credit funds with a $4bn investment into its asset management arm. HSBC has used its asset management business to spearhead a transition into the booming $1.6tn private credit market. The firm said it will invest the new cash into its alternative credit funds, with the goal [...]