Secure Trust bolsters lending as it ‘monitors’ global turbulence May 15, 2025 Specialist lender Secure Trust Bank delivered an upbeat first-quarter trading statement on Thursday with growth across lending and deposits. The London-listed lender posted a 3.2 per cent quarterly increase in its net lending to £3.7bn. This was up 10.5 per cent from the first quarter of 2024. The firm said its business finance and consumer [...]
Exclusive: JP Morgan’s City of London office vandalised May 14, 2025 JP Morgan’s London office was left in ruin on Wednesday morning after a brutal act of vandalism. Victoria Enbankment staff were met with smashed windows and an assault of red paint across building walls upon reaching their office. Security had cordoned off all entrances to the bank, with staff exiting through guarded side doors. JP [...]
Vanquis shares jump after recovery from complaints storm May 14, 2025 Shares in Vanquis Banking Group rose on Wednesday after the firm said it had swung back into profitability following a major blow from complaints in 2024. The London-listed bank’s stock was up nearly seven per cent as markets opened, trading above 75p. The Bradford-based lender recorded £2bn in net receivables, the total money expected to [...]
Treasury meets Monzo and Revolut bosses amid plea for London listings May 13, 2025 The Treasury courted top UK fintech names including Monzo and Revolut on Tuesday in hopes of convincing the country’s most valuable unicorns into listing on the London Stock Exchange. Emma Reynolds, economic secretary to the Treasury, met with bosses from Monzo, Revolut, Clearscore and Oaknorth. Chief executive of the London Stock Exchange Dame Julia Hoggett [...]
Barclays: Shares in FTSE 100 giant near decade high after upgrade May 13, 2025 Barclays has received a major boost after the FTSE banking giant posted a bumper first quarter, driven by a strong performance in its investment arm. Analysts at RBC have upgraded Barclays’ shares, slapping a 340p target price on the stock – a 14 per cent increase. Shares edged up 0.2 per cent during early trading [...]
FTSE 100 banks Lloyds and Natwest set to profit despite lower interest rates May 13, 2025 Amidst a backdrop of waning interest rates, FTSE 100 banking giants such as Lloyds and Natwest look set to continue to profit, according to analysts. Lenders’ takings from net interest income (NII) remained steady in the first quarter, even after the Bank of England chopped interest rates four times to 4.5 per cent. Since then, [...]
Metro Bank shares soar as lender’s turnaround gathers pace May 8, 2025 Metro Bank said there was a “significant increase” in quarter one profit against the second half of 2024 during a trading update on Thursday. Shares in the bank jumped nearly four per cent during early trading. The London-based firm said it was “confident” it would meet full-year targets after a “structurally higher” net interest margin, [...]
TSB Bank’s profit rockets from stamp duty rush and cost-cutting May 8, 2025 TSB Bank’s cost-cutting plans and a rush to beat the stamp duty deadline imposed by Chancellor Rachel Reeves helped bolster profits in the first quarter. The Edinburgh-headquartered lender increased profit before tax to £101.3m for the first three months of 2025 – an 89 per cent jump from £53.4m in 2024. Operating expenses fell 4.7 [...]
Standard Chartered shares downgraded after tariff bruising May 7, 2025 Analysts at UBS slapped a downgraded price on Standard Chartered’s shares after a bruising period for the lender amid geopolitical tensions. The analysts reduced the target share price to 1,215p from 1,310p but maintained their ‘Buy’ rating. Shares were down 0.6 per cent on Wednesday at 1,049p. In the fallout of President Donald Trump’s ‘Liberation [...]
Vanquis and Barclays lead surge in bank complaints amid motor finance May 7, 2025 Banking complaints rocketed by 76 per cent in the second half of 2024 as the motor finance scandal continued to haunt the sector, according to the Financial Ombudsman Service (FOS). The regulator revealed of the 141,846 complaints made to the FOS, 77 per cent were related to banking and credit at 109,155. This also marked [...]