Santander interested in TSB takeover June 18, 2025 Santander has approached its Spanish banking peer, Banco Sabadell, regarding a takeover of its UK high street bank, TSB. Britain’s fifth-largest lender is reported to have expressed interest in a deal for TSB, which follows owners Sabadell confirming earlier this week it had been approached regarding acquisitions. A formal offer is yet to be tabled, Sky News [...]
HSBC: FTSE 100 giant mulls return to office mandate June 18, 2025 Banking juggernaut HSBC is exploring a global mandate that would force employees back into the office for at least three days a week. The lender’s considerations come straight from the top, with chief executive Georges Elhedery meeting with executives across the business to discuss a group-wide return. Discussions are still said to be going, as [...]
S&U shake off motor finance woes as verdict looms June 18, 2025 Specialist lender S&U said it remains confident in the group’s turnaround from motor finance woes after a strong start to the financial year. The bank said in a trading update on Wednesday that optimism in their annual report was “clearly being justified” by the firm’s performance since April. S&U’s profit for the financial year ending [...]
Deal fever: Banking giants plot takeovers to ramp up market share June 18, 2025 British banking is poised for a major shake-up as top names go on the hunt for fresh acquisitions. Lenders have been scouting new deals that would send shockwaves across the industry. Much of the prospective dealmaking involves London lender Shawbrook, whose private equity owners have been circling high street bank Metro. Ahead of this, Shawbrook [...]
Financial services firms expected to dump green finance and DEI June 18, 2025 The financial services industry is taking a dramatic step back from green finance and diversity policies. Over half of UK senior financial professionals believe their leadership will place less focus on environmental, social and governance (ESG) policies in the coming years. Meanwhile, a similar proportion, 54 per cent, believe diversity, equality and inclusion commitments will [...]
Barclays and Natwest shares jump as conflict sparks inflation fears June 16, 2025 Shares in the FTSE 100’s top banks were rising on Monday as the intensifying conflict in the Middle East triggered inflation fears. Barclays and Natwest were up nearly two per cent and Lloyds over one per cent during early trading as oil prices crept up another one per cent to $74.90 a barrel. This follows [...]
High street banks ramp up SME lending to highest since 2022 June 16, 2025 High street banks are scaling up their lending to small businesses, with the first quarter of 2022 hitting the highest amount since 2022. Lenders issued £4.6bn worth of loans in the first three months of the year marking a 14 per cent year-on-year jump. The rise was driven by a surge of lending to agriculture, [...]
Brits sound alarm on branch closures as Lloyds and Natwest shutter sites June 9, 2025 Over half of Brits struggle to speak to a real person when they need support, fresh research shows, underscoring the challenge facing banking customers as more top lenders shutter their branches. Research from credit information service CRIF showed six in ten consumers were unable to get the support required due to bank branch closures. This [...]
FCA: Motor finance redress scheme must keep market afloat June 5, 2025 The Financial Conduct Authority has pledged any redress scheme it may implement on the motor finance industry must keep the market afloat. The watchdog said ensuring the integrity of the motor finance market, so it works well for future consumers, would be crucial framework for a redress scheme. The Supreme Court is expected to give [...]
Exec behind Lloyds mass affluent push quits within days of launch June 4, 2025 A Lloyds exec behind the bank’s push to attract “mass affluent” customers has departed within days of the launch of its new service. Jo Harris, who has been with the FTSE 100 bank for more than a decade, would be leaving at the end of the month, according to an internal memo seen by the [...]