Close Brothers faces uncertain future as FCA motor finance probe sparks crisis February 15, 2024 Close Brothers shares collapsed on Thursday after it cancelled its dividend for the current financial year and announced that 2025 payouts would be placed under review amid a City watchdog probe into motor finance - a major part of its business model.
Barclays reportedly considering bid for Societe Generale’s UK private bank February 15, 2024 Barclays is reportedly weighing up a bid for Societe Generale’s UK private bank as part of efforts to diversify its business model.
Challenger banks pip high street rivals again as Monzo tops league table February 15, 2024 The UK's digital challenger banks have once again outperformed their high street rivals in a league table on customer satisfaction from the competition watchdog.
Close Brothers shares collapse after FCA auto finance probe forces it to scrap dividend February 15, 2024 Shares in Close Brothers have collapsed after it scrapped dividend payouts for the current financial year and put 2025 rewards under review, with the group bracing for potential compensation costs from a motor finance review by the City watchdog. The news sent the group’s shares down 28 per cent in London on Thursday morning. Close [...]
HSBC set to nearly double annual profits as it shrugs off China worries February 15, 2024 HSBC is set to nearly double its annual profits on the back of higher interest rates as it shrugs off concerns about its exposure to China's stagnating economy.
Natwest: Interim Paul Thwaite to be named as permanent CEO February 14, 2024 Natwest’s board is reportedly naming Paul Thwaite, its current interim chief executive, as the permanent head of the taxpayer-backed bank.
Mastercard and Visa are back in court over interchange fees February 14, 2024 The lawsuits allege that Mastercard and Visa both acted unlawfully by overcharging businesses for accepting credit and debit card payments on corporate and consumer cards.
Revealed: Canada’s top dealmakers of 2023 February 14, 2024 2023 was not a vintage year for dealmaking in the City but there was still plenty of scope for dealmakers to ply their trade.
Standard Chartered looks at restructuring investment bank to boost returns February 14, 2024 The emerging markets-focused lender is considering is a break-up of the bank's investment and corporate banking businesses, Bloomberg News reported
Barclays set to unveil annual profit drop as restructuring costs offset higher interest income February 14, 2024 Barclays' annual profits are set to be dragged down by £825m in costs tied to a major restructuring as the bank prepares to reveal more details about the plan to shore up its balance sheet.
