UK mortgage brokers expect interest rates to jump March 7, 2025 According to a new study, over two-thirds of UK mortgage brokers expect interest rates to stop falling and resume their upward trend by the beginning of next year. Butterfield Mortgages surveyed 300 brokers and 69 per cent said they believed the Bank of England base rate would be higher than the current level of 4.5 per cent [...]
Natwest, Barclays, HSBC lead months worth of online banking outages March 6, 2025 Nine of the UK’s biggest banks and building societies were down for over 803 hours – the equivalent of 33 days – over the last two years. Fresh data from the Treasury Committee shows a minimum of 158 IT failure incidents at banks had affected millions of consumers in the period between January 2023 and [...]
HSBC’s ‘never had it so good’ say Barclays analysts March 4, 2025 Barclays analysts have said HSBC “never had it so good” as they predicted further growth and upsides for the FTSE 100 lender. Following the lender’s strong full-year performance, the analysts upgraded HSBC’s share price target by 28 per cent to 1,200p. The lender pocketed a pre-tax profit of £25.6bn in 2024, up from £24bn in [...]
Ex-Barclays boss case against FCA over relationship with Epstein goes to court March 3, 2025 Former Barclays boss Jes Staley is seeking to overturn an FCA ban after he was found to have misled the watchdog over his relationship with Jeffrey Epstein
Thousands of customers unable to use Lloyds, Halifax and TSB banking apps February 28, 2025 Thousands of Lloyds Group banking app users across the UK have reported technical difficulties when trying to access their money. Outage monitor Downdector recorded issues affecting the Lloyds banking app spike over 4,000 on Friday morning. Users across the group’s subsidiaries Lloyds, Halifax, TSB and Bank of Scotland raised the alarm posting error notices across [...]
Market depth will be key to IPO choice, Monument boss says February 27, 2025 Ian Rand, the former Barclays executive and boss of Monument Bank, spoke to City AM about the bank’s criteria in choosing where to list. Monument spiked the City’s speculation following reports it was looking to go public in the US by 2027 – in what would be another huge blow to the London market. The [...]
Barclays research: Regulation worsens investment anxiety February 26, 2025 Barclays has called on the Government and Financial Conduct Authority (FCA) to fix investors’ “decision paralysis” through deregulation. How to invest money ranks as the second hardest decision in a person’s life, only behind whether to buy a house, according to fresh research from the bank. As the FCA, in a joint venture with the [...]
Zopa doubles office footprint in move to Canary Wharf February 25, 2025 Fintech unicorn Zopa is set to double its office footprint with plans to relocate to a new headquarters in Canary Wharf. The new office, located at 20 Water Street in Canary Wharf, will span 44,000 square feet and host Zopa’s 900 current employees. The British digital bank, which was founded in 2020, said the move [...]
Lloyds Bank analyst ‘favourite’ after annual results February 25, 2025 Analysts have slapped a ‘Buy’ rating on Barclays, Natwest and Lloyds shares following annual results, but said the latter was the “favourite” of the pack. The three UK giants all posted annual results this month, with Barclays and Natwest meeting profit estimates and Lloyds taking a hit. Jonathan Pierce and Priya Rathod, analysts at Jefferies, [...]
Analysts slap 359p price target on Barclays shares after results February 25, 2025 Analysts have reiterated their ‘Buy’ rating on Barclays shares after the lender beat expectations when it reported results earlier this month. The FTSE 100 lender booked a profit before tax of £8.1bn in 2024, ahead of the £8.07bn estimated. “We believe strong capital generation should support a higher valuation and plans to return more than [...]