Monzo names new finance chief in hint at listing plans November 26, 2024 Monzo has appointed former Nubank executive Tom Oldham to be its chief financial officer as the digital challenger bank hinted at its IPO ambitions.
Co-op Bank unveils £90m dividend ahead of Coventry sale November 26, 2024 The Co-operative Bank is to pay out £90m to investors after reporting lending growth in the third quarter, ahead of a £780m tie-up with Coventry Building Society.
Budget will hurt UK wage growth, Goldman Sachs warns November 18, 2024 UK consumer spending is set to slump next year and dent UK growth, analysts at Goldman Sachs have warned, as the impact of the Budget ripples through the economy. The rise to employers’ national insurance (NI) contributions will lead to slower wage growth for staff and higher costs for consumers, the investment bank wrote in [...]
Lloyds to replace senior staff’s union negotiations with ‘people forums’ November 13, 2024 Lloyds Banking Group is to stop recognising the trade union membership of some senior employees by replacing union negotiations with so-called “people forums”.
Square Mile and Me: Together’s Ryan Etchells on going from intern to CCO November 7, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Together CCO Ryan Etchells, with a northerner's perspective on the Square Mile.
Santander UK profit slides as analysts forecast £1.8bn motor finance hit October 29, 2024 Santander has revealed a sharp fall in its UK profit during the third quarter, while delaying the publication of more detailed figures as it digests a landmark motor finance court ruling in London.
Housing market continues to strengthen as mortgage rates fall October 29, 2024 New figures from the Bank of England showed that 65,600 new mortgages were approved in September, the highest figure since August 2022.
Natwest shares soar as lender lifts performance forecasts October 25, 2024 Shares in Natwest has soared today after the group's third quarter profit grew by 26 per cent, as the lender reported solid growth driven by its lending
Barclays shares hit nine-year high as investment bank helps profit beat forecasts October 24, 2024 Barclays' shares have hit their highest level in nine years after a rebound in investment banking helped its profit beat expectations for the third quarter.
Lloyds Bank: Lender beats profit estimates as consumers prove resilient October 23, 2024 Lloyds Banking Group has beaten profit estimates as the lender set aside less than expected for souring loans and saw improved consumer confidence.