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banking

  • Santander launches £1.3bn share buyback under new payout scheme

    August 27, 2024

    Santander has launched a share buyback for up to €1.5bn (£1.3bn) as the banking giant fulfills its promises to boost investor payouts.

  • Oaknorth: London challenger bank readies for US expansion as New York office authorised

    August 27, 2024

    Oaknorth has received regulatory approval to open a representative office in New York, paving the way for the digital challenger bank to expand further into the US market ahead of a potential stock market listing.

  • City job openings set for ‘slight recovery’ after election-fuelled slump

    August 27, 2024

    Recruitment for London finance jobs is expected to stage a "slight recovery" under the new Labour government, according to new research.

  • UK economy: ‘No one has any clue what’s going to happen,’ says boss of Britain’s fastest-growing business

    August 23, 2024

    The chief executive of Britain's fastest-growing company has warned that poor access to finance for small firms risks hamstringing the UK's economic growth, as business owners already struggle with "really high uncertainity in the world".

  • Regulator calls out Barclays and Santander for breaching retail banking order

    August 22, 2024

    Britain's competition watchdog has rebuked Barclays and Santander UK for breaching parts of its retail banking order.

  • UK credit unions report surge in loans after demise of payday lenders

    August 22, 2024

    Lending by UK credit unions has surged in recent years, following the collapse of major payday lenders and cost of living pressures fueling a rise in demand for credit.

  • Treasury and FCA worried by payments regulator’s fraud refund scheme

    August 22, 2024

    The government and City watchdog have raised concerns over a fraud refund scheme from the UK payments regulator that firms have warned could do long-lasting damage to the industry, City A.M. understands.

  • Value of Molten Ventures’ stake in Revolut more than doubles after employee share sale

    August 21, 2024

    Molten Ventures said the value of its stake in Revolut has more than doubled after the British fintech secured a $45bn (£34.9bn) valuation in a share sale by employees.

  • HSBC mulls sale of South African businesses in pivot to Asia

    August 20, 2024

    HSBC is reportedly considering selling its South African businesses as part of its pivot towards Asian markets.

  • Flagstone doubles assets under administration as UK savers chase better rates

    August 19, 2024

    Flagstone has more than doubled its assets under administration in 18 months as the fintech savings platform cashes in on UK savers chasing better interest rates.

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