Nationwide bucks trend as building society promises to keep all its branches open until 2026 June 21, 2023 Nationwide has extended its promise to keep all of its physical branches open, as it continues to buck the trend among high street banks. The UK’s largest building society had already committed to maintain all 605 of its physical branches until 2024, but today it extended that commitment until 2026. Branches can still be closed [...]
TDR Capital seeks £2.5bn-plus sale of training business BPP June 30, 2024 British private equity giant TDR Capital is reportedly planning a £2.5bn-plus sale of professional training course business BPP.
City firms and entrepreneurs back Mail’s laptops for kids scheme January 28, 2021 A number of City of London firms have backed a Daily Mail campaign to provide laptops to underprivileged children during the Covid-19 lockdown. Leading entrepreneurs, including Sir Tom Hunter, have also donated significant amounts. The Mail’s campaign aims to put laptops in the hands of all children who would otherwise be without the technology needed [...]
Banks raised savings rates to avoid ‘robust action’ from watchdog September 1, 2023 High street banks have been raising the rates on savings accounts after the City watchdog threatened to take action against firms.
Hunt and big banks vow to ease mortgage pain with repossessions grace period June 23, 2023 Mortgage holders will get a 12-month grace period before banks begin repossessions on their homes, Jeremy Hunt has announced, after a crunch meeting with lenders at No11. The Chancellor said ministers were “particularly worried” about people falling behind on payments or having to switch deals at the end of a fixed rate mortgage. He announced [...]
HSBC scraps bonus cap for hundreds of top UK bankers after tense annual meeting May 3, 2024 HSBC shareholders have waved through the lender's proposal to remove an EU-imposed bonus cap, paving the way for it to hand bigger payouts to hundreds of top UK bankers, after a tense annual meeting dominated by questions over its pension policy and green finance.
Aviva and Lloyds among City firms to back National Wealth Fund investment drive July 22, 2024 The Investment Delivery Forum, founded by seven of the UK’s biggest insurance and long-term saving firms, has pledged to pump billions of pounds into Reeves’ new wealth fund.
UK banks’ profits slashed by more than half June 28, 2021 Big UK banks’ profits have slid by more than half over the last year, according to a ranking of the world’s largest lenders published today. UK lenders included in The Banker’s top 1,000 World Banks 2021 experienced a 53 per cent drop in profits. Losses were attributed to the severe damage the pandemic has inflicted [...]
Global share buybacks drop despite dividend spike April 24, 2024 Global share buybacks dipped by 14 per cent last year to $1.1 trillion (£880bn) despite record dividend issuance from global companies.
Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security April 24, 2024 The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.