Fintech challenger banks steam ahead of high street stalwarts in CMA ranking August 15, 2022 Fintech challenger banks Starling and Monzo have leapt ahead of their traditional high street rivals in a fresh ranking of UK lenders published today by the Competition and Markets Authority.
Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks May 1, 2024 Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
HSBC online banking hit by an outage, impacting business customers October 25, 2021 HSBC’s online banking has been down this morning, according to reports, which primarily impacted the bank’s business customers. Service complaints spiked at around 9:30am this morning, according to DownDetecter, with more than 60 per cent of the complaints regarding HSBC’s online banking. The issue had largely been resolved by around 11:30am, with reports of the [...]
HSBC online banking hit by an outage, impacting business customers – CityAM : CityAM October 25, 2021 HSBC’s online banking has been down this morning, according to reports, which primarily impacted the bank’s business customers. Service complaints spiked at around 9:30am this morning, according to DownDetecter, with more than 60 per cent of the complaints regarding HSBC’s online banking. The issue had largely been resolved by around 11:30am, with reports of the [...]
A banker in the boardroom is exactly what our health service needs January 23, 2022 Over the past two years, rightly or wrongly, the NHS has become Britain’s national religion. So perhaps it’s a good thing that there’s now a banker in charge. One tiresome left-leaning news outlet this weekend titled its story about former TSB chief Richard Meddings’ new appointment thusly: “Fury as banker set to become chair of [...]
March was HSBC’s strongest mortgage completion month in more than 40 years May 6, 2021 HSBC handed out more mortgages in March than in any other month of more than 40 years offering home loans. In a sign of the recent boom in housing market activity, HSBC UK said March was its strongest ever month for mortgage completions, including deals for more than 3,000 first-time buyers. The bank declined to [...]
TSB risk chief Iain Laing steps down after IT meltdown January 12, 2020 TSB’s chief risk officer Iain Laing has become the latest executive to part ways with the bank as it reels from the fallout of a massive IT meltdown. Laing will step down at the end of January after three years in the role and will be replaced by chief audit officer Carlos Paz, who joined [...]
The Notebook: Neil Bennett on strikes, why public markets matter and the Lehman Trilogy February 1, 2023 When my old friend James Ashton (former City Editor of the – ahem – Evening Standard) told me a few weeks ago that he had become CEO of the Quoted Companies Alliance, I felt like sending him my St Jude pendant, for the patron saint of lost causes. For the quoted company sector has been [...]
Millions face swelling mortgage bill as lenders brace for rate hike October 29, 2021 Households across the UK face swelling mortgage costs on top of higher tax bills and an increasing cost of living. Several of Britain’s big players in the mortgage market lifted interest rates on their products immediately after the budget this week in anticipation of a looming rate hike from the Bank of England. HSBC, Barclays [...]
Audit watchdog is ‘in poor state’, says FRC candidate for chair: ‘This is really not the way to run a regulator’ January 25, 2022 Sir Jan du Plessis, the government’s preferred candidate to head the Financial Reporting Council (FRC), has said the independent regulator is now in a “pretty poor state” due to the failures of its top level managers. Du Plessis, who has previously chaired some of Britain’s major companies including BT and Lloyds TSB, vowed to “address [...]