Revolut: Fintech brings in former Deutsche Bank executive as new UK chief November 2, 2023 Francesca Carlesi joins the firm from Molo, the UK's first fully digital mortgage lender, bringing experience from the world of banking and fintech.
FTSE 100 close: London flat as investors await health check on UK economy, real estate merger creates £2.6bn fund February 12, 2024 Investors were largely sitting on their heads ahead of a packed calendar of data releases.
Dubai calling: City set for closer ties with UAE as ministers pen cooperation deal October 26, 2023 The UK is set to pen a deal to forge closer ties with the United Arab Emirates on financial services today as ministers look to tap into deep pools of capital and promote cooperation between the City and the Middle Eastern state.
Deutsche Bank guides to top end of guidance despite interest rate woes October 25, 2023 Investment bank revenue slumped at German giant Deutsche Bank but profits still beat expectations
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 [...]
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 [...]
Banks need WhatsApp alternative fast to dodge hefty fines, warns former FCA official September 28, 2022 Banks and brokerages need to roll out new messaging platforms fast to “crack down” on the use of Whatsapp by staff, a former City regulator warned today, after US regulators slapped a group of Wall Street giants with $1.8bn worth of fines.
Mortgage approvals hit six month high in fresh boost for house buyers January 30, 2024 Mortgage approvals rose again last month and climbed to the highest level in six months, in the latest signal that lower borrowing costs are helping aid recovery in the property market. New figures from the Bank of England show the number of buyers receiving a green light grew from 49,300 in November to 50,500 in [...]
Robinhood boss: Why UK public should trust trading and investing app after Gamestop saga September 10, 2024 In this episode of Boardroom Uncovered, the boss of Robinhood UK Jordan Sinclair talks about his journey from South Africa to the City of London, how the trading and investing app is taking on the likes of Hargreaves Lansdown and AJ Bell as well as what kind of a leader he is.
The Bank of London founder steps down as chief executive September 3, 2024 The Bank of London has announced that Anthony Watson is stepping down as chief executive eight years after founding the firm.