‘A PR man for the banks’? Banking resolution service faces pressure from MPs January 23, 2024 A banking dispute resolution service has come under heavy scrutiny from MPs who, today questioned whether the organisation has been captured by the banks.
City chiefs: We must embrace risk to stay competitive January 22, 2024 Leading City figures have reignited calls to policymakers to embrace risk or watch the UK's financial system lose out to rival markets around the world.
Bank of England survey: Default rates continue rising in 2023 – but at slower pace January 18, 2024 According to bank responses to the Bank of England's quarterly credit conditions survey, default rates on secured lending - which includes mortgage lending - increased in the final quarter of 2023.
City’s jobs market slows at fastest rate since 2008, survey suggests January 15, 2024 According to recruitment firm Morgan McKinley, there were 42 per cent fewer jobs available in the financial services sector in the fourth quarter of last year than a year earlier.
The Botanist eyes ‘significant profit growth’ after £8m hit despite record sales January 11, 2024 The owner of brands including The Botanist is eyeing a surge in its profits after reporting a record year of sales.
Teesworks: What it is and why it’s controversial after profits at the flagship regeneration site spike January 10, 2024 Teesworks, one of the UK's largest regeneration projects, enjoyed a surge in its revenue and profits during its latest financial year. Here's why the scheme is con controversial.
This part of Britain follows London as the next best place for finance grads January 10, 2024 London reigns as the top destination for finance grads, which won’t come as a shock for many readers. But one part of the country is hot on the capital’s heels. It might not come as a surprise that London is the best place for finance graduates in the UK, with both the highest median wage [...]
Banks at risk from exposure to ‘opaque’ private equity sector, regulator warns January 9, 2024 Benjamin, who will be joining the Bank of England's Financial Policy Committee (FPC), noted that UK businesses now get as much funding from the non-bank sector as from traditional lenders.
Financial sector contracts for the first time in over three years, CBI survey finds January 9, 2024 Both banks and insurance firms reported a drop in volumes, although investment management firms returned to growth.
‘Systemic shocks should be anticipated’: how will the financial system fare in 2024? January 2, 2024 Although interest rates are unlikely to go any higher, risks remain as borrowers will continue to roll off contracts agreed when interest rates were near zero.