Former Natwest boss considering legal action over payoff decision: reports October 25, 2023 Natwest is widely expected to cancel £5.2m of long-term share options that Rose had accrued during her leadership.
FTSE 100 close: London climbs as miners rise on China stimulus and Lloyds jumps into green October 25, 2023 London's FTSE indexes slipped slightly in opening trade as investors mulled results from two of the largest companies in the world last night.
FTSE 100 close: London ticks up on economic data, banking stocks pare losses October 24, 2023 London’s FTSE indices closed higher on Tuesday, paring losses from this morning as investors mulled key economic data and the state of the UK’s banking sector. The blue-chip FTSE 100 traded 0.2 per cent higher at 7,389.70, while the mid-cap FTSE 250 dropped 0.38 per cent to 16,994.10. Investors weighed S&P Global’s Purchasing Managers’ Index, [...]
Barclays share price slumps as lender lowers UK guidance again October 24, 2023 Barclays performed in line with expectations but flagged difficulties ahead as it lowered its margin guidance for the rest of the year.
Kemi Badenoch shuns invite to address scandal-hit CBI October 23, 2023 Kemi Badenoch has snubbed an invitation to the CBI's annual conference, ahead of the Autumn Statement.
Lender TAB secures up to £300m funding led by Natwest with focus on sustainability October 23, 2023 Lender TAB has secured an up to £300m round of funding with Natwest and Atalaya to support its bridging and mortgage products. The private securitisation facility will enable TAB to fund borrowers for up to ten years and leverage its ability to provide capital quickly, the firm announced on Monday. TAB, which is set to [...]
Lloyds, Natwest and Barclays in for a ‘tough quarter’ as pressure on interest income persists October 22, 2023 n results for the second quarter both Natwest and Barclays UK lowered their forecast for the full-year NIM on the back of an increasingly competitive deposit and mortgage market.
Mark Kleinman: Why Barclays’ £1bn Telegraph bid won’t be the last word, Alison Rose’s next move and why no one wants to be chair of the BBC October 19, 2023 The must-read column from the man in the know, City Editor at Sky Mark Kleinman Barclays’s £1bn Telegraph bid not the last word Hold the front page: the Barclay family’s effort to lodge a knockout bid for The Daily Telegraph was timed like the arrival of a blockbuster newspaper story minutes before the final edition, [...]
New Basel banking rules will ‘advance competitiveness,’ PRA boss argues October 16, 2023 Sam Woods, chief executive of the main banking watchdog, argued that the competitiveness of the UK financial system will be advanced through the latest round of Basel reforms.
‘My banking issues are now over’: Brexit leader Nigel Farage announces new account with Lloyds October 13, 2023 Today, Farage took to X and wrote: "After being refused banking facilities by ten other banks, my banking issues are now over."