UBS shares jump after Cevian bets £1bn on Credit Suisse merger success December 19, 2023 Cevian Capital, Europe’s largest activist investor, has taken a €1.2bn (£1bn) stake in UBS in a bet that the lender will double its share price after taking over Credit Suisse.
City’s newest investment bank bemoans high interest rates as ‘drag on demand’ for UK equities December 19, 2023 New bank and wealth manager Cavendish Financial has reported continued losses in its maiden set of results as it struggles with a dealmaking slump but said activity is picking up.
LendInvest swings to loss on mortgage woes, has cut more than a quarter of staff December 19, 2023 AIM-listed lender to homeowners and buy-to-let landlords hit by increased competition
Banknote maker De La Rue says demand for cash recovering despite £16.8m loss December 19, 2023 British banknote maker De La Rue continues to struggle with weak demand for cash but reitered its upgraded full-year profit guidance.
Banks increasingly closing defence firms’ accounts, trade body warns December 19, 2023 Trade bodies are seeking to reassure the defence industry after more than a dozen firms in the sector had their bank accounts closed, with the Ministry of Defence warning that excessive ESG banking and investment policies are "dangerous" for national security.
Revolut to suspend crypto trading for UK business customers as City regulator prepares new rules December 18, 2023 Fintech Revolut is set to pause some of its cryptocurrency services in the UK to adjust to new marketing rules from the City regulator.
End is in sight for Amigo as former payday loan provider struggles to find a buyer December 18, 2023 Amigo Loans has said it expects to be mostly liquidated in the first half of next year as the firm continues to wind down its historic lending business.
Cambridge University reportedly looking to drop Barclays for ‘greener’ bank December 17, 2023 Cambridge University is reportedly considering ending its more than 200-year relationship with Barclays due to the bank's financing of fossil fuels.
Natwest says no evidence of discrimination in Coutts bank account closures December 15, 2023 Natwest, which owns Coutts, said lawyers at Travers Smith analysed 84 account closures in the two years to July 28, about a 10 per cent sample of all the relevant cases in that time.
Farage debanking row: Law changed so politicians are seen as lower risk December 15, 2023 It comes after Nigel Farage revealed that Coutts, owned by NatWest Group, had moved to close down his bank account, prompting a row over the current UK banking rules.
