Zopa: Fintech bank takes on HSBC and Lloyds with current account June 24, 2025 Digital bank Zopa is parking its tanks on the lawns of the UK’s top lenders – with a new high interest current account. The London-based fintech has launched “Biscuit,” which it said will allow customers to make £256 in cashback and interest per year. The current account offers two per cent AER interest on balances, [...]
HSBC’s return-to-office plans risk boss’ cost-cutting ambitions June 23, 2025 HSBC’s cost-cutting agenda is set to face a major disruption as the lender faces a shortfall of desks in its office move. The banking juggernaut has been reported to be mulling a return-to-office mandate that would force employees back into the office for at least three days a week. This comes as the bank is [...]
Blow to London Stock Exchange as Scottish Widows plots huge selloff June 19, 2025 The London Stock Exchange has been dealt another hammer blow after it emerged one of the UK’s biggest pension funds plans to massively cut its allocation for UK equities. The Edinburgh-based business, which manages as much as £72bn in pension assets, intends to slash the UK equities allocation in its highest growth portfolio from 12 [...]
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 [...]
High Court rules aircraft lenders can recover loss from planes stuck in Russia June 11, 2025 In a substantial blow for insurers, the High Court concluded that 'War Risk' insurers to foot the bill over aircraft lost in Russia
Exclusive: Coinbase to ‘hire like crazy’ in the UK June 11, 2025 Coinbase is ramping up its UK presence with plans to hire more staff and deepen investment, as the country moves towards a new era of crypto regulation and increasing mainstream adoption. “We’re going to be hiring like crazy in the UK”, Coinbase’s UK lead Keith Grose told City AM, before adding that London will continue [...]
Ball in Chancellor’s court as LTA waits on support for covered courts project June 10, 2025 While grass court season unfolds, Britain’s tennis chiefs at the LTA have another project on their hands: unlocking government funding to build the covered courts the country lacks. As the eyes of the tennis world turn towards London, hopes are understandably high for the home contingent at Queen’s Club and Wimbledon. Jack Draper has broken [...]
ChatGPT down: chatbot owners respond as AI fails June 10, 2025 It’s the sort of social media storm we’ll almost certainly be seeing a whole lot more of in the future. As ChatGPT temporarily went down this morning due to technical issues, thousands of users were left without the use of the world’s most commonly adopted AI. Many have taken to social media to share how [...]
FTSE 100 narrowly misses record high after housebuilders rally June 10, 2025 The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]