‘Temporary share price glitch’ sends Barclays shares lower February 13, 2025 Shares in Barclays slumped on Thursday morning after the bank posted its annual results. The Big Four bank reported a £8.1bn pre-tax profit, up 24 per cent from 2024, surpassing analyst expectations of £8.07bn. However, its stock dropped five per cent, as low as 290.34p after the market opened. Still, despite the drop, Peel Hunt [...]
Barclays beats expectations after Tesco Bank takeover February 13, 2025 Barclays surpassed analyst expectations in its annual results report on Thursday, after a strong year for its investment banking arm and day one benefits of its Tesco Bank takeover. The FTSE 100 bank reported a pretax profit of £1.7bn in the fourth quarter, ahead of the £1.62bn expected by analysts. For 2024 as a whole, the [...]
Barclays and Natwest to set tone for Big Four banks in year ahead February 12, 2025 As Britain’s Big Four banks prepare to post annual results, analysts expect “strong” performances, but warned of long-term challenges. Barclays and Natwest will lead the first round of results this week, with the pair reporting on Thursday and Friday respectively. This will be followed by HSBC on February 19 and Lloyds on February 20. The [...]
Andrew Bailey: Don’t forget ‘lasting damage’ of financial crisis in push to deregulate February 11, 2025 He stressed his comments were not a "pitch for the necessity and inevitability of more regulation," but insisted that there was no "fundamental trade off" between growth and financial stability.
Natwest: FTSE 100 bank’s share price scoops ten-year high February 11, 2025 Shares in Natwest were touching a ten year high on Tuesday morning, ahead of the bank posting its annual results on Friday. At market open, share price was at 442.70p edging towards the high of 445.85p achieved in February 2015. The lender hit its highest share price since 2015 last month, and continued to rally [...]
Lloyds partners with ‘Duolingo of money’ to target Gen Z February 10, 2025 Lloyds Bank has partnered with fintech platform Doshi to improve young people’s financial literacy through “gamified learning”. The Big Four bank is launching a six month pilot, targeting 18 to 24 year-olds to make financial education “fun and accessible”. Doshi’s founder Daniel Rose told City AM high street banks do not have “much time left” [...]
Santander announces new buyback as profit jumps February 5, 2025 Spanish banking giant Santander has today reported a bumper set of numbers for 2024 thanks to higher income from its retail banking business and lower costs. For the year, the group reported a profit of €12.5bn (£10.4bn), up 14 per cent and revenue growth of eight per cent to €62.2bn. The group’s return on tangible [...]
Barclays customers ‘unable to make payments’ as bank outage continues February 1, 2025 A major IT glitch is still affecting Barclays customers, with some locked out of their accounts throughout the night and almost 24 hours on from the bank’s initial outage. The bank has apologised to customers, saying they are facing “ongoing technical issues that are impacting our customers’ accounts”. They warned some people may see an [...]
Demand for buy-to-let lending boosts Paragon Bank January 24, 2025 Paragon Banking Group reported a strong start to the financial year on the back of higher lending to buy-to-let landlords.
Man behind Netflix’s Bank of Dave gets a ‘kick’ catching scammers, and thinks Gen Z has got work wrong January 22, 2025 You might not have heard of Dave Fishwick, but Bank of Dave – the Netflix biopic about the unlikely bank manager from Burnley – was one of the most Googled films of 2023. That same year it topped the streamer’s charts, and now a second installation is on Netflix. Fishwick grew up with “nothing” and [...]