Barclays to sell German consumer finance business in latest European disposal July 4, 2024 Barclays has struck a deal to sell its German consumer finance unit to Vienna-based financial group Bawag as the FTSE 100 lender tries to streamline its operations in continental Europe.
Government should penalise UK start-ups that list abroad – City lobby group July 4, 2024 An influential City lobby group has urged the next government to explore methods of penalising start-ups that receive taxpayer-funded support if they later opt to list or move valuable operations outside the UK.
UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
Peel Hunt enjoys revenue boost amid ‘pick up’ in capital markets activity July 4, 2024 Peel Hunt has reported signs of a recovery in IPO activity as the investment bank and London Stock Exchange alike look to bounce back from a challenging 2023.
Sainsbury’s Bank sale marks end of an era for supermarkets June 20, 2024 Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.
HSBC ‘seriously violated’ Swiss money laundering rules, regulator says June 18, 2024 HSBC's Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country's banking regulator has found.
What’s going on with Reform’s proposed overhaul of Bank of England reserves? June 11, 2024 Tice said the policy would raise £35bn over the next five years, a figure which leading tax lawyer Dan Neidle described as "magic".
Natwest buys back more shares from HM Treasury May 31, 2024 Natwest has bought back another lump of shares from the UK government.
Shawbrook Bank delivers steady lending growth as specialist focus pays off May 15, 2024 Specialist lender Shawbrook has reported an increase in loans and deposits as it steps up its challenge to the big banks.
Weatherbys: Horse racing private bank doubles profit on higher rates and expansion May 9, 2024 The private bank Weatherbys has been boosted by higher interest rates and demand for its services.