Santander bank cutting more than 1,400 UK jobs October 29, 2024 Santander is cutting more than 1,400 jobs across its UK business this year amid ongoing efforts to reduce costs.
Santander UK delays results following motor finance court case October 29, 2024 Santander UK has delayed the publication of a detailed set of results covering the third quarter as it waits to assess the impact of a landmark court ruling on motor finance commissions. Full results for the Spanish bank’s UK arm were meant to be published this morning, but the lender said on Monday that it [...]
HSBC shares pop as bank beats profit estimates and launches $3bn buyback October 29, 2024 HSBC has unveiled its latest share buyback after beating profit estimates in the third quarter as the Asia-focused bank gears up for a major restructuring.
Lloyds Bank: Lender beats profit estimates as consumers prove resilient October 23, 2024 Lloyds Banking Group has beaten profit estimates as the lender set aside less than expected for souring loans and saw improved consumer confidence.
Who is Pam Kaur? Meet HSBC’s first female finance chief October 22, 2024 HSBC broke new ground today as Pam Kaur became the bank’s first female chief financial officer since its foundation in Hong Kong in 1865. The promotion will make Kaur one of the most senior women in global banking and hand her responsibility for slashing the bank’s cost base while shepherding it through a major corporate [...]
Arbuthnot: Historic bank leans on wealth unit as rate cut hits lending income October 17, 2024 Arbuthnot Banking Group reported growth in its wealth management arm as the historic lender looks to weather a fall in interest rates.
John Lewis partners with Zopa to boost personal loan offering October 16, 2024 John Lewis has partnered with an online back to offer personal loans of up to £35,000 to its 23m customers. The department store chain‘s financial services arm is working with Zopa Bank to provide its customers with more finance options. The bank will be embedded into the John Lewis Money website with a personalised loan [...]
Standard Chartered wins Libor-linked court battle against investors October 15, 2024 British bank Standard Chartered has won its battle against its investors, meaning it can now impose "fundamentally different commercial bargains...from what had been agreed"
Moody’s upgrades UK banking outlook as lenders weather falling interest rates October 2, 2024 Credit rating agency Moody's has upgraded its outlook for the UK banking system to "stable" from "negative", expecting lenders' balance sheets to stay resilient to falling interest rates.
Tory conference: ‘Rigorous’ process for Revolut licence was ‘right’, ex-minister says September 30, 2024 The “rigorous” process Revolut went through to secure its banking licence was “right”, John Glen has said. Former paymaster general Glen told a Conservatives in the City event at the annual Tory party conference in Birmingham that the digital payments app now had “credibility to grow globally”. He said: “The UK is brilliant in innovation [...]