Metro Bank cancels bonuses for all executives after turbulent year and rescue April 17, 2024 Metro Bank has cancelled the bonuses of all its executive directors following a turbulent 2023.
Equals: Payments fintech extends deadline for merger talks with MDP, Railsr and TowerBrook April 17, 2024 Equals has again extended a deadline for formal takeover offers as the fintech payments group conducts a strategic review into its standalone prospects.
Taylor Swift fans lose £1m to ticket scams, Lloyds finds amid ‘urgent warning’ April 17, 2024 Lloyds Bank has issued an "urgent warning" to customers over a wave of ticket scams targeted at Taylor Swift fans, which it estimated has already cost Brits £1m.
Exclusive: Laybuy up for sale after turbulent time on public markets April 16, 2024 Buy-now pay-later firm Laybuy has put itself up for sale and is hunting for potential buyers following a turbulent few years on the public markets, City PM can reveal.
Morgan Stanley sails past estimates as investment banking rebound boosts profit April 16, 2024 Morgan Stanley's profit has been lifted by a recovery in investment banking as the firm joins fellow Wall Street giants in benefitting from a rebound in dealmaking and capital markets activity.
Bank of America’s profit hit by fall in interest income but dealmaking arm shines April 16, 2024 Bank of America has reported a fall in profit during the first quarter as its income from interest payments dropped, although the blow was cushioned by improved trading from its investment banking and wealth management arms.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger April 16, 2024 Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.
Onesavings Bank chief’s pay slashed by 40 per cent after slump in profit April 16, 2024 The chief executive of Onesavings Bank has seen his remuneration for last year slashed by 40 per cent after the specialist lender posted a slump in annual profit.
Equals: Payments fintech doubles annual profit and eyes up further growth with M&A April 16, 2024 Payments fintech group Equals has more than doubled its annual profit on the back of rapid growth and international expansion.
Crypto ‘Wild West’: City regulator accused of pushing firms abroad April 16, 2024 The City watchdog has been accused of pushing British crypto firms abroad with its approach to regulation. Lars Mucklejohn takes a closer look at where the UK's digital assets industry is heading
