JP Morgan marks down private credit loans amid AI jitters March 11, 2026 JP Morgan has marked down the value of specific loans held by private-credit groups, tightening its grip on the sector as boss Jamie Dimon warns of a looming AI reckoning. The bank’s move specifically targets software companies, which it now views as highly vulnerable to being replaced by artificial intelligence. By devaluing these assets, JP [...]
European fintechs ride the Trump train to Wall Street March 11, 2026 The new set of aspiring American dreamers are landing on the shores of the Atlantic. But these digital-first visionaries printed in venture capital green aren’t looking for a white picket fence. Instead, their sights are locked on a federal banking charter. Last week Europe’s most valuable fintech company Revolut became the latest in a boat-load [...]
Barclays joins run of mortgage rate hikes in blow to borrowers March 9, 2026 Barclays has become the latest in a flurry of mortgage lenders to hike their rates amid mounting fears the Bank of England will keep the base interest rates higher for longer following the war in the Middle East. The blue-chip banking giant has slapped a 0.1 per cent increase on rates on a selection of [...]
Grounds for expansion: Airwallex’s Europe chief bets on London in licence pursuit March 6, 2026 As payments giant Airwallex laid out plans to double down on Europe, they turned to a man with experience at a multi-billion dollar deposit holder. The $8bn cross-border specialist was looking for someone to steer the ship amid expansion plans across Europe but in that endeavour didn’t poach a veteran of Wall Street or the [...]
Barclays set to cash in on market frenzy amid Middle East crisis March 5, 2026 Barclays and its UK banking peers could be set for a cash boost from the brewing crisis in the Middle East as investors quickly dump equities and fears of an inflation spike spread. FTSE 100 giant Barclays has been noted as uniquely shielded by analysts due to its mammoth market divisions. Jefferies analysts said the [...]
Metro Bank shares dip after SME lending pivot sees profit balloon March 4, 2026 Metro Bank has swung back into profit as the firm’s pivot into small business lending led to a bump in revenue. The FTSE 250 lender returned to profitability with a pre-tax profit of just north of £98m – a 15-year high and major clawback from losses of £14m last year. The swing came as Metro [...]
City watchdog plots streamlined motor finance scheme after backlash March 4, 2026 The UK’s financial watchdog is looking to “streamline” its long-anticipated motor finance compensation scheme following widespread backlash across the industry. The Financial Conduct Authority (FCA) provided a fresh update to markets on Wednesday, stating it was considering over 1,000 responses to its proposals for the industry-wide redress scheme. It added “if” it was to proceed [...]
Meet Reeves’ outsider tasked with steering the City to growth March 3, 2026 The City has rolled out the red carpet for the banking watchdog’s new chief after Katharine Braddick, a seasoned veteran of the financial trenches, was named on Friday as the successor to Sam Woods. For a cool £314,000 a year, she’s set to take on the brief of steering the UK’s banking sector. Chancellor Rachel [...]
Dow Jones slides as FTSE 100 extends losses amid Iran strikes March 2, 2026 Wall Street joined Europe as markets opened on Monday with losses spread across the board as tensions escalated across the Middle East. The Dow Jones dropped nearly one per cent on open to 48,534.58 whilst the S&P 500 shed around 0.7 per cent to 6,828.47. The tech-heavy Nasdaq tumbled 0.7 per cent to 22,505.32. In [...]
Santander names new TSB boss ahead of takeover March 2, 2026 Santander has named the new top boss of TSB Bank as the firm gears up for its blockbuster takeover of the high street unit. The Spanish-headquarted banking giant – which beat out its peers to snap up TSB for £2.6bn last July – appointed Nicola Bannister as the new chief executive of TSB. Bannister ascends [...]