UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
Peel Hunt enjoys revenue boost amid ‘pick up’ in capital markets activity July 4, 2024 Peel Hunt has reported signs of a recovery in IPO activity as the investment bank and London Stock Exchange alike look to bounce back from a challenging 2023.
Sainsbury’s Bank sale marks end of an era for supermarkets June 20, 2024 Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.
HSBC ‘seriously violated’ Swiss money laundering rules, regulator says June 18, 2024 HSBC's Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country's banking regulator has found.
What’s going on with Reform’s proposed overhaul of Bank of England reserves? June 11, 2024 Tice said the policy would raise £35bn over the next five years, a figure which leading tax lawyer Dan Neidle described as "magic".
Natwest buys back more shares from HM Treasury May 31, 2024 Natwest has bought back another lump of shares from the UK government.
Shawbrook Bank delivers steady lending growth as specialist focus pays off May 15, 2024 Specialist lender Shawbrook has reported an increase in loans and deposits as it steps up its challenge to the big banks.
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.
Allica Bank chief bets on rapid growth to force improvement in SME finance May 9, 2024 Allica only launched in 2020 but has already become a certified fintech darling. It was named by Deloitte as the UK’s fastest-growing fintech last year and in April posted its first annual profit of £16.1m.
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023 May 8, 2024 OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.