Lloyds rejects Barclay family’s billion pound shot at Telegraph recoup November 2, 2023 Lloyds has spurned the £1bn attempt by the Barclay clan to repurchase the Telegraph, a move which will ease the concerns of hopeful bidders.
Big Four banks bag extra £6.5bn from past interest rate hikes amid profiteering concerns November 2, 2023 The UK’s four biggest banks have collectively made an extra £6.5bn this year off the back of past interest rate hikes, says new analysis.
Revolut: Fintech brings in former Deutsche Bank executive as new UK chief November 2, 2023 Francesca Carlesi joins the firm from Molo, the UK's first fully digital mortgage lender, bringing experience from the world of banking and fintech.
Mark Kleinman: Why Starling needs Engine to fuel IPO dream November 2, 2023 Mark Kleinman is City editor at Sky News Starling needs Engine to fuel IPO dream Companies offer myriad reasons for the departures of chief executives. Few are as downright peculiar as the one given by Starling Bank when it announced in May that founder Anne Boden was stepping down. “Now that we have grown from [...]
UK rips up state guarantees on nearly £1bn of Covid loans November 1, 2023 The UK government has scrapped guarantees on nearly £1bn of bank loans handed out to ailing businesses during the Covid-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid.
Who are the billionaires battling for the Telegraph and Spectator? November 1, 2023 The auction for both the Telegraph Media Group (TMG) and Spectator is underway, drawing the attention of a host of eager bidders. But regulatory hurdles could thwart some potential suiters.
Why St James’s Place and Britain’s troubled wealth managers could be a savvy bet for investors November 1, 2023 The UK’s wealth managers and investment platforms could be a savvy bet for investors after a sell-off this year that has wiped billions from their valuation, analysts have predicted.
City chief execs need to be able to face the music no matter what November 1, 2023 The sign of a strong chief executive is the ability to communicate during the bad times as well as the good. My view has always been that if you want to be the leader of a company, taking home the paycheck that comes with it, you should be expected to step forward and be accountable [...]
Here are the top banks most impacted by fraud — and worst at reimbursing their customers October 31, 2023 APP scams, which involve the victim making the payment themselves, accounted for 40 per cent of fraud losses in 2022.
FTSE 100 close: London pares gains as BP slump offsets inflation hope October 31, 2023 London's FTSE markets climbed on Tuesday morning as investors received another boost from falling food inflation but oil giant BP slumped after a poor set of results.