Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Hydrogen power firm Geopura to create hundreds of jobs after £56m investment February 22, 2024 Hydrogen power company GeoPura has secured a £56m investment which will help create hundreds of jobs, it has been announced.
‘Debanking’ driven more by cost and reputation than tackling financial crime, MPs find February 21, 2024 A group of MPs has accused banks of closing customers' accounts mainly due to cost and reputation, rather than clamping down on financial crime, amid a gulf between "debanking" and anti-fraud enforcement.
Barclays embarks on biggest shake-up since financial crisis after difficult decade February 20, 2024 Barclays has sought to draw a line under a difficult decade with a marathon investor presentation laying out a three-year plan to restructure the bank.
Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’ February 20, 2024 Barclays chief executive CS "Venkat" Venkatakrishnan has announced that the bank will become "simpler, better and more balanced" in a much-anticipated update on its restructuring plans.
Barclays plans to return £10bn to shareholders and cut £2bn in costs by 2026 February 20, 2024 Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to shareholders by 2026.
FTSE 100 close: Strong Barclays results fails to lift London due to China concerns February 20, 2024 Caution gripped the air as investors continued to fret over the prospects of the world's second largest economy.
Barclays reportedly considering bid for Societe Generale’s UK private bank February 15, 2024 Barclays is reportedly weighing up a bid for Societe Generale’s UK private bank as part of efforts to diversify its business model.
Barclays set to unveil annual profit drop as restructuring costs offset higher interest income February 14, 2024 Barclays' annual profits are set to be dragged down by £825m in costs tied to a major restructuring as the bank prepares to reveal more details about the plan to shore up its balance sheet.
Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.