Mortgage options reach 16-year high as banks offer lowest rates since June January 8, 2024 The number of mortgage options for borrowers has reached its highest level in almost 16 years, according to financial information website Moneyfacts, as banks slash rates to compete for business in a smaller market.
Bob Diamond says Barclays should be ‘radical’ on investment bank amid calls to ditch division January 7, 2024 Former Barclays chief executive Bob Diamond has called on the lender to be “radical” with its investment bank by either putting more money into the business or selling it.
UK banks set for strong earnings in 2024 despite margin pressures, S&P says January 4, 2024 UK banks are set to see strong earnings in 2024, according to ratings agency S&P, due to robust credit fundamentals and easing margin pressures.
Government quietly lowers stake in Natwest as it crystallises loss for taxpayers January 3, 2024 The government has quietly sold nearly 1.03 per cent of its shares in Natwest as it continues to reduce its stake in the bank since bailing it out during the financial crisis.
Brits urged to act as a quarter have never switched savings account despite record rates January 3, 2024 Savers have been urged to be more proactive as new research shows that nearly a quarter have never switched to a different savings account or opened an additional one.
Why Deutsche Bank reckons the UK economy will avoid a recession in 2024 January 3, 2024 The UK economy outperformed all expectations in 2023, but it was hardly a vintage year. Here are some reasons why 2024 might be better.
Simmons & Simmons awarded £3m Bank of England legal contract January 3, 2024 The law firm won the BoE's flexible legal resourcing contract late last month, with a value up to £3m running for two years until 19 December 2025.
Exclusive: City bosses eye up strong first quarter but warn of threats to UK competitiveness January 3, 2024 Financial services bosses are optimistic about their first-quarter results but say economic and regulatory pressures threaten Britain's competitiveness, according to a survey of 160 senior executives shared with City PM, as London struggles with a dealmaking slump.
HSBC to challenge Revolut and Wise with new forex app January 2, 2024 HSBC launches international payments app to rival fintechs Revolut and Wise, to grab a slice of the booming market for affluent customers.
JP Morgan’s Chase UK aims for 2025 profit amid digital banking growth January 2, 2024 Digital challenger bank Chase UK, owned by US giant JP Morgan, aims to become profitable from next year as it seeks to be a “major player” in Britain, according to a top executive at the lender.
