The big unknown which will determine the short-term future of the economy October 1, 2024 Consumption has taken a much bigger hit in the UK since the pandemic than in either the eurozone or the US.
HSBC writes off stake in former UK fintech darling Monese October 1, 2024 HSBC has written off its holding in British fintech Monese just two years after taking a $35m stake in the firm.
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Hargreaves Lansdown reveals vote date and lenders for takeover deal September 27, 2024 The private equity consortium set to take over Hargreaves Lansdown has added a host of lenders to the group financing the £5.4bn takeover deal. This morning, buyout giant CVC, alongside Nordic Capital and Platinum Ivy, a subsidiary of the Abu Dhabi Investment Authority, said that it had added four new lenders to fund the cash [...]
HSBC considers naming first female CFO in bank’s 159-year history September 24, 2024 HSBC is reportedly considering naming its first female chief financial officer in its 159-year history, with Pam Kaur said to be a favourite for one of the top jobs at Europe's biggest bank.
Construction begins on Europe’s tallest commercial lab in Canary Wharf September 24, 2024 Canary Wharf Group (CWG) and Kadans Science Partner have begun construction on One North Quay, set to be Europe's tallest purpose-built commercial laboratory.
Bank of London: Questions persist over unicorn’s finances and governance September 24, 2024 In the span of just two weeks, fintech "unicorn" The Bank of London has gone from relative obscurity to being thrust into the public spotlight for all the wrong reasons.
HSBC to sell German private banking arm to BNP Paribas September 23, 2024 BNP Paribas has struck a deal to acquire HSBC's German private banking arm as the French lender looks to expand in wealth management and the London-based giant continues its pivot to Asian markets.
Two-year mortgage rates fall as markets brace for future interest rate cuts September 20, 2024 Two-year mortgage deals are becoming increasingly competitive as rates continue to fall faster than longer-term deals.
UK signs trade pact with Thailand in bid to boost exports September 18, 2024 The UK has signed an enhanced trade pact with Thailand in an effort to boost British exports and drive investment. Trade minister Douglas Alexander inked the enhanced trade partnership (ETP) agreement with Thai commerce minister Pichai Naripthaphan in Bangkok this morning (Wednesday). It came during the Blair-era minister’s first visit to Asia after being re-elected [...]