‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
UK chief executives scramble as Anthropic expands London AI hub Tech Anthropic is expanding its London footprint with a new office for up to 800 staff, as UK bank bosses ramp up engagement with the firm over concerns about its latest AI models. The US-based company said it will scale up from its current base of more than 200 employees in the capital, with the new [...]
Morgan Stanley and Goldman Space X IPO plan to curb post-float selloff Tech The Wall Street banks elected to work on Space X’s anticipated listing are drawing up plans to curb a post-IPO slump that could have detrimental effects to its valuation. Advisers on the deal are exploring whether insiders and early investors could be allowed to sell shares before the standard 180-day lock up has passed, according [...]
Barclays and Deutsche most at risk to private credit ‘profit blow’ Banking Fears that private credit could spell trouble for the global financial system have been further amplified following a new report that forecasts losses associated with the sector could slash profits at top European banks. Banking giants Deutsche and Barclays rank among “most exposed” banks to a private credit reckoning due to their north of three [...]
Close Brothers and First Rand look to park motor finance row April 8, 2026 After countless speed bumps, sharp handbreak turns and a fair few false starts, the two banks that took the motor finance scandal to the top finally look to put it in the rearview mirror. Close Brothers and Aldermore owner First Rand have sought to wrap up the over two-year long saga after the financial watchdog [...]
Barclays reverses branch cuts as bank managers return to high street April 4, 2026 Barclays is planning to expand its high street presence and revive the “bank manager” role after years of rapid branch closures. The bank’s UK chief executive Vim Maru told the Times on Saturday that Barclays would increase its branch network beyond its current 206 sites, having already paused a programme that saw it shut around [...]
NatWest nears £2.5bn Evelyn Partners takeover February 7, 2026 NatWest Group is closing in on a £2.5bn takeover of Evelyn Partners, in what would be its biggest corporate acquisition since the bank’s taxpayer bailout in 2008. NatWest Group is in advanced talks to buy the wealth manager from its private equity owners, Sky News reported on Saturday, after seeing off competition from Barclays in recent days. An announcement [...]
UK bank ramps up fight for savers after rebrand January 22, 2026 The battle to bank Britain’s savers has ramped up with the arrival of a new name, set to challenge ‘easy access’ incumbents such as JP Morgan’s Chase, Goldman Sachs’ Marcus and fintechs like Oaknorth. The former UK arm of Jamaica National Group, previously dubbed JN Bank UK, has revamped its operations after being sold in [...]
Basel 3.1: New rules will make UK banking more resilient January 20, 2026 The implementation of Basel rules in the UK, published today,marks a major step forward for the banking sector, writes David Bailey.
UBS scouting for new top boss with Sergio Ermotti to exit next year January 13, 2026 UBS Group is on the hunt for a new chief executive with the banking giant’s current top boss lined up for an exit next year. Sergio Ermotti, who has led the near-£112bn bank since he was rehired in 2023, is expected to depart in April 2027. The veteran financier had pledged to lead UBS “at [...]
Starling revs up Engine with City hiring spree December 16, 2025 Starling is motoring into 2026 with its foot firmly on the pedal, injecting a fresh pump of gas into the group’s technology arm. The UK fintech veteran is planning to shift its software-as-a-service (Saas) banking platform into top gear with a major hiring spree across London. The platform, known as Engine, is a subsidiary of [...]