London house prices fell by 1.4 per cent in August October 18, 2023 House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year. London’s average house prices remained [...]
Interest rates: Higher borrowing costs to dent mortgage lending further, banks report October 12, 2023 The rate of defaults is expected to increase as customers struggle under the weight of higher borrowing costs.
Mark Kleinman: Metro Bank’s investors deserve answers, Entain’s bad bets and John Allan’s return October 12, 2023 The must-read column from the man in the know: Sky News’s City editor Mark Kleinman Metro Bank’s investors deserve answers 2023 is turning out to be a banner year for weekend overtime at Britain’s banking regulator. After officials’ February night-shifts overseeing the rescue of Silicon Valley Bank and UBS’s emergency takeover of Swiss banking rival [...]
Metro Bank fundraise averts immediate threat – but what next? October 9, 2023 Metro Bank's emergency capital raise has reassured investors for the moment, but analysts warned the bank needed to develop a more convincing investment case if it is to survive.
Metro Bank share prices rises after bank strikes late-night deal to shore up balance sheet October 9, 2023 Metro Bank confirmed this morning that it had secured a major refinancing package from its investors after a bruising week in which the bank's share price fell nearly 30 per cent.
Metro Bank: Natwest, Lloyds and Santander UK consider buying parts of lender – report October 8, 2023 The Bank of England has reportedly been canvassing some of the UK’s most high profile banks to gauge their interest in purchasing Metro Bank.
London house prices slump again as high interest rates pile pain on mortgage holders October 6, 2023 London house prices cratered again in September as the Bank of England’s interest rate hikes continue to pile pain on mortgage holders and weigh on the housing market. House prices in the capital have fallen 4.8 per cent over the last year, the biggest fall of any region in cash terms at an average of [...]
Metro Bank drafts in investment bankers to explore capital raise October 4, 2023 Metro Bank has reportedly drafted in a top team of investment bankers to explore ways to boost its capital position.
Perenna raises £42.7m in latest funding round September 28, 2023 Another $52m (£42.7m) in funding has been raised for new British lender Perenna. The latest funding was led by Perenna’s strategic investor, Silverstripe Investment Management, among others, and is only part of its $90m grand funding total since 2020. The bank is one of a kind to the UK market given that it does not [...]
Average five-year fixed mortgage rate slides down towards six per cent mark September 27, 2023 The average five-year fixed-rate homeowner mortgage is edging closer to falling back below the six per cent mark, according to figures from a financial information website.