Lloyds shares rally after profit boost and £1.8bn buyback January 29, 2026 Shares in Lloyds Banking Group jumped on Thursday as the bank launched a £1.8bn share buyback after breezing past profit expectations in the 2025 financial year. The FTSE 100 banking giant recorded a 12 per cent jump to pre-tax profit in the full-year netting £6.7bn and easily surpassing the £6.4bn pencilled in by internal analysts. [...]
FTSE 100 Live: Pound at 2021 high as Trump shrugs at dollar woes January 28, 2026 Good morning and welcome back to the City PM liveblog. Has the mining sector’s rally finally run out of steam? It appeared so on Tuesday, where City banks helped lift the FTSE 100 out of the red as miners across the board sank despite the ever-increasing price of precious metals. Fresnillo – the best performing [...]
Public finance bodies need more clarity, says boss of Reeves’ wealth fund January 28, 2026 The boss of Rachel Reeves’ flagship wealth fund has admitted British entrepreneurs want more clarity across public finance bodies as concerns rise over the growing number of institutions. Former RBS boss Oliver Holbourn, who the Chancellor appointed last July to lead the National Wealth Fund (NWF), said “people want more confidence in who they’re going [...]
Optimism picking up after ‘disruptive’ Budget, says Paragon chief January 27, 2026 Optimism in the UK is beginning to pick up, the boss of FTSE 250 lender Paragon has said, after sentiment was dampened by rampant tax speculation in the second half of 2025. Nigel Terrington, the boss of Paragon bank, told City PM that despite it being the early days of 2026, the mood was beginning [...]
Formula 1 signs Standard Chartered up as major partner January 27, 2026 Standard Chartered has penned a deal with Formula 1 to become the motor sport’s wealth management and investment banking partner. Canada-headquartered firm will be involved with Formula 1 as part of a multi-year deal, with Standard Chartered’s branding set to feature trackside. The bank’s chief of corporate and investment banking, Roberto Hoornweg, [...]
HSBC seals $300bn price tag as FTSE 100 banks rally January 27, 2026 Shares in Britain’s banking giants were helping lift the FTSE 100 out of the red this morning as blue-chip lenders rallied ahead of earnings season. HSBC topped the index’s risers with a gain of nearly three per cent to 1,278.20 – an all-time high for Europe’s largest lender. The rally came after Citigroup raised the [...]
Financial services set for hiring spree for AI experts in 2026 January 26, 2026 British banks and finance firms are hunting for behavioural science and psychology experts for ethical AI jobs, as worries about misusing the technology build, experts have said. A desire to accelerate recruitment in 2026 comes after one of the worst years for hiring in the financial services sector since the 2008 financial crisis. Some 55 [...]
Donald Trump hits JP Morgan and Jamie Dimon with $5bn lawsuit January 23, 2026 President Donald Trump has JP Morgan and its top boss, Jamie Dimon, in a $5bn (£3.7bn) lawsuit following claims the banking giant debanked him for political reasons. Earlier this month, Trump blasted America’s biggest bank for “incorrect and inappropriately” discriminating against him after the President alleged JP Morgan stopped offering him services after the Capitol riots [...]
Legal accounts controversy: Who should fund the broken justice system? January 22, 2026 First, the government tried to go after the LLPs, but that failed. Now its eyes are on law firms’ client accounts under the narrative that it will be used to help the crumbling justice system, but lawyers are seeing it as just another tax raid. Law firms earn substantial income from interest on client accounts, [...]
UK bank ramps up fight for savers after rebrand January 22, 2026 The battle to bank Britain’s savers has ramped up with the arrival of a new name, set to challenge ‘easy access’ incumbents such as JP Morgan’s Chase, Goldman Sachs’ Marcus and fintechs like Oaknorth. The former UK arm of Jamaica National Group, previously dubbed JN Bank UK, has revamped its operations after being sold in [...]
