Brokers warn government against guaranteeing one per cent deposit mortgages January 21, 2024 Brokers have warned that the government could push up house prices even further if it guarantees mortgages for first-time buyers with deposits of just one per cent.
Sunak considering one per cent deposit mortgage scheme in bid to win over young voters: report January 21, 2024 The Treasury is reportedly looking at introducing a scheme guaranteeing mortgages for first-time buyers with deposits of just one per cent.
New Morgan Stanley boss Ted Pick ‘super bullish’ on long-term targets January 18, 2024 The new chief executive of Morgan Stanley, Ted Pick, has said he is "super bullish" on the US investment banking giant's financial targets and predicts an end to the slowdown in dealmaking once interest rates fall.
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.
Time is up for supermarket challenger banks, analysts say January 18, 2024 Sainsbury's announced on Thursday morning that it would undertake a “phased withdrawal” from its banking business following a strategic review. There are no immediate changes for customers.
Bank of England survey: Default rates continue rising in 2023 – but at slower pace January 18, 2024 According to bank responses to the Bank of England's quarterly credit conditions survey, default rates on secured lending - which includes mortgage lending - increased in the final quarter of 2023.
FCA to probe City firms on bullying and sexual misconduct reports January 18, 2024 City firms will be probed on how they deal with reports of workplace sexual harassment and bullying, including the use of NDAs, the financial watchdog has confirmed, after the limited progress of industry-led efforts.
Sainsbury’s to shutter banking division in ‘food first’ strategy push January 18, 2024 Sainsbury's will undertake a "phased withdrawal" from its banking efforts, the supermarket giant confirmed this morning.
Mark Kleinman: Diamond merger shows mid-cap brokers need polish January 18, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City PM column.
Cynergy Bank chief urges struggling SMEs to ‘de-risk’ current accounts January 18, 2024 The boss of challenger Cynergy Bank has said small firms are letting too much money languish in no-interest current accounts, as it launches a new offering that puts it in more direct competition with Britain’s major lenders. Chief executive Nick Fahy told City PM that small and medium-sized enterprises (SMEs) are increasingly struggling to afford [...]
