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banking

  • Arbuthnot: Historic bank posts steady lending growth this year after bumper 2023

    May 22, 2024

    Arbuthnot Banking Group has reported steady loan and deposit growth in 2024 as it continues to benefit from higher interest rates.

  • Close Brothers shares drop as motor finance arm deals with two FCA reviews

    May 22, 2024

    Shares in merchant banking group Close Brothers fell as much as 6.6 per cent on Wednesday morning as its motor finance business faces compensation costs tied to two market-wide reviews from the Financial Conduct Authority (FCA).

  • Brits lost more than £1bn to fraudsters last year as purchase scams hit record high

    May 22, 2024

    Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.

  • Virgin Money faces potential shareholder revolt over £2.9bn Nationwide deal

    May 14, 2024

    Virgin Money shareholders could be getting a better deal as part of the £2.9bn takeover bid from Nationwide, analysts have said ahead of a vote on the offer next week.

  • Weatherbys: Horse racing private bank doubles profit on higher rates and expansion

    May 9, 2024

    The private bank Weatherbys has been boosted by higher interest rates and demand for its services.

  • Square Mile and Me: Kleinwort Hambros CIO Gene Salerno on making it across the pond

    May 9, 2024

    Gene Salerno, CIO at SG Kleinwort Hambros, tells us about meeting Bill Clinton, an awkward reception dinner, and swapping New York for London.

  • HSBC facing backlash over ‘vague’ $1trillion green plans

    May 3, 2024

    HSBC is facing a backlash over its "vague" $1trillion green plans today as it prepares to face down shareholders at its annual general meeting.

  • Co-op Bank says transformation plan ‘materially complete’ ahead of agreed £780m Coventry merger

    May 2, 2024

    The Co-operative Bank has said its multi-year transformation plan is "materially complete" as the lender progresses with an agreed £780m takeover by Coventry Building Society.

  • Who are the runners and riders to succeed Noel Quinn as HSBC boss?

    April 30, 2024

    In a shock announcement this morning, Noel Quinn announced that he is drawing the curtain on a nearly four-decade career at HSBC. So who are the leading contenders to succeed him as chief executive of Europe's largest bank?

  • Metro Bank reports £500m drop in lending as it pivots to higher-margin products

    April 30, 2024

    Metro Bank has reported a fall in lending at the start of 2024 but saw a rise in deposits as it looks to rebound from potential collapse last year.

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