Jamie Dimon opens door to a $20bn JP Morgan takeover May 28, 2026 Jamie Dimon has kicked the door open to the prospect of JP Morgan completing a major takeover that would shake-up the global banking landscape. The Wall Street boss raised the idea of the bank spending as much as $20bn (£15bn) as it looks to capitalise on the freed up capital from deregulation reforms. “I do [...]
Vattenfall energy portfolio poised to be snapped up by private equity firm May 20, 2026 Swedish energy giant Vattenfall is poised to offload a portfolio of its British assets to private equity firm Reinova in the latest step in its retreat from the UK, City AM understands. The conglomerate, owned by the government of Sweden, is set to sell three of its heat network businesses to London-based Reinova Capital for [...]
Curve swings to £9m loss as Lloyds takeover remains incomplete May 20, 2026 Curve has swung to a loss as the Apple Pay rival’s future faces uncertainty ahead of its takeover by Lloyds Banking Group. The digital wallet provider suffered a £9.5m loss in the 2024 financial year, a major drawback from its £3m profit the 12 months prior. The tide turned on Curve’s balance sheet as revenue [...]
Daily Mail owner sells US data arm for $1bn April 30, 2026 The owner of the Daily Mail has agreed to sell its US property data business in a $1bn (£730m) deal, as it reshapes its portfolio and frees up cash for new investments. Daily Mail and General Trust (DMGT), controlled by Rothermere Continuation Holdings, said it will offload Trepp to Fitch Group in an all-cash transaction [...]
Santander hits pause on €5bn buyback after US takeover April 23, 2026 Santander has been forced to hit the pause button on its bumper buyback programme announced earlier this year to comply with US regulation. The Spanish-headquartered bank told markets on Thursday it would temporarily suspend the €5bn (£4.3bn) buyback launched in February to comply with US regulation around its takeover of Webster. The lender struck a [...]
Goldman Sachs beats trading haul record by $1bn after Iran volatility April 13, 2026 Goldman Sachs equities traders have beaten their all-time quarterly high as the Wall Street titan revealed a major market haul amidst the volatility triggered by the Middle East. The banking giant’s stock division reaped $5.3bn (£3.9bn) in revenue for the first quarter of the year, surpassing the previous record of $4.3bn secured by the bank [...]
M&A in a time of geopolitical turmoil April 8, 2026 Dealmakers are being more selective and concentrating their bets to cope with AI, tariffs and instability in the Middle East, says Jerome Pottier A trillion dollars of dealmaking in under three months should feel like a boom. By the numbers, it is. Activity is up 27 per cent year on year, and the megadeal is [...]
Virgin Money swallowed up by Nationwide as top boss exits April 7, 2026 The boss of Virgin Money is set to depart the firm later this years as the UK bank fully consolidates into the Nationwide umbrella. Chris Rhodes took the reins at Virgin Money following its acquisition by Nationwide in late 2024. Before this post, Rhodes served as finance boss at the UK’s largest building society for [...]
Motor finance compensation to ‘to fire starting gun’ on banking M&A March 31, 2026 The financial watchdog’s long-awaited motor finance redress scheme is predicted to “fire the starting gun” on a wave of deals throughout the banking sector. The Financial Conduct Authority (FCA) launched the final rules for its redress programme on Monday, with the bill for lenders expected to come in at just north of £9bn, down from [...]
Natwest sells HR advisory arm in latest structure overhaul March 25, 2026 Natwest has sold its human resources advisory arm to a private-equity backed rival in the latest deal by the banking giant on the road to streamlining its operations. The FTSE 100 titan has offloaded Mentor – its small business HR support service – to Empowering People Group, a specialist HR service backed by Limerston Capital. [...]