Wise mulls UK banking licence after ditching London listing September 1, 2025 Money transfer firm Wise is looking into a UK banking license following the fintech ditching its primary listing on the London stock market earlier this year. The company has reached out to financial services heavyweights in the last two months regarding roles related to starting a banking business in the UK, according to The Times. [...]
Budget 2025: Lloyds, Natwest and Barclays brace for a tax raid? September 1, 2025 Ahead of the 2024 Autumn Budget, Prime Minister Sir Keir Starmer warned Labour’s first fiscal event was “going to be painful”. He added those with the broadest shoulders “should bear the heavier burden” as Chancellor Rachel Reeves battled against an alleged ‘£22bn black hole’ inherited from the Conservative government. After lobbying efforts, banks were spared [...]
Natwest and Lloyds shares lead £8bn plunge amid bank tax fears August 29, 2025 Shares in a number of Britain’s biggest banking giants tumbled on Friday as speculation that Rachel Reeves would use the sector for an easy cash grab ramped up. Natwest topped the FTSE 100’s fallers, losing over five per cent. Meanwhile, Lloyds was down nearly four per cent, Barclays just over two per cent, whilst HSBC [...]
Saxo nets bumper profit after surge in customers August 28, 2025 Saxo posted an adjusted net profit of DKK515m (£59.5m) for the first half of 2025, up from DKK508m. The company notched a new record of 1.4 million end clients as of June 30. Client assets reached DKK877bn, after a surge in new and existing client funding. The adjusted total income for the first half of [...]
Banking net zero club to change structure after member exodus August 27, 2025 The global banking industry’s climate group will hold a vote on the future of its structure following a mass exodus of members. The Net-Zero Banking Alliance (NZBA) will determine whether it will transform from a membership-based alliance to a “new framework initiative”. It comes after the world’s banking giants fled the group as the financial [...]
Monzo ramps up the banking battle for Gen Alpha August 21, 2025 Monzo has made a major play to secure the next generation of savers as banking giants look to secure a grip on the Gen Alpha market. The London-based fintech has added a three percent interest rate to its savings account for Under 16s. This catapults Monzo above its rivals’ rate offer for children’s accounts. TSB [...]
Atom chair: Big banks don’t know their role in economic growth August 20, 2025 The chair of digital bank Atom has slammed Britain’s banking giants for failing to drive the country’s economic ambitions. Lee Rochford, who had tenures at Virgin Money, RBS and BNP before Atom, said it was “increasingly unclear what role [top banks] are playing in driving better customer outcomes or supporting UK economic growth”. Chancellor Rachel [...]
OSB’s profit plunges due to falling interest rates August 20, 2025 OneSavings Bank (OSB) recorded a hefty hit to profit for the first half of 2025 as lower interest rates took a chunk out of the group’s bottom line. The London-listed firm posted a 20 per cent decline in profit before tax, which fell to £192.3m in the first half. Net interest income (NII) fell five [...]
How the banking net zero fantasy ran out of gas August 20, 2025 Over the past year, the world’s biggest banks‘ net zero enthusiasm has quickly and quietly dried up. Top lenders have backtracked, diluted or outright abandoned their environmental, social and governance (ESG) policies. The return of President Donald Trump has been highlighted as a turning point for green finance with firms across the financial industry turning sour [...]
FTSE 100 banks add £80bn in market value this year August 19, 2025 Shares in the UK’s top FTSE 100 banks, Barclays, Natwest, Lloyds and HSBC have all hit decade highs this year, producing more than £80bn in market value. The banking sector is the second-best performing FTSE 100 sector this year with a return of 37 per cent, second only to the defence sector. The FTSE 100’s [...]