Banks face tougher competition as profits boost from higher rates fades October 30, 2023 The UK’s major listed banks have warned that the tailwind from high interest rates that has driven bumper profits over the past year is coming to an end as lenders compete to offer better deals to customers. Barclays, Lloyds, NatWest, Standard Chartered and Santander reported third-quarter earnings last week, while HSBC released its results today. [...]
Fierce mortgage competition to weigh on banks’ margins, warn brokers October 25, 2023 Mortgage profitability is a key focus for investors as lenders have significantly reduced rates in recent months.
Barclays share price slumps as lender lowers UK guidance again October 24, 2023 Barclays performed in line with expectations but flagged difficulties ahead as it lowered its margin guidance for the rest of the year.
Lloyds, Natwest and Barclays in for a ‘tough quarter’ as pressure on interest income persists October 22, 2023 n results for the second quarter both Natwest and Barclays UK lowered their forecast for the full-year NIM on the back of an increasingly competitive deposit and mortgage market.
Jes Staley fined £1.8m over ‘reckless’ misleading statements on relationship with Jeffrey Epstein October 12, 2023 "The FCA has found that Mr Staley recklessly approved a letter sent by Barclays to the FCA, which contained two misleading statements about the nature of his relationship with Jeffrey Epstein", the FCA said.
Six high-street banks including Santander, Barclays, HSBC, NatWest and Lloyds given ‘red’ warning over eco policies October 5, 2023 Six of the UK’s biggest high-street banks have been placed in a “red” warning category by consumer champion Which? over their fossil fuel investments and commitments to tackling climate change. JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were exposed for having too weak green credentials. Just three of the UK’s [...]
Interest rates: no rise will be ‘welcome pause’ for banks September 25, 2023 The Bank of England's decision to leave interest rates on hold last week will come as a "welcome pause" to the UK's high street banks, analysts said.
Barclays: Bank to cut 450 jobs as union brands move ‘unnecessary and unjustified’ September 12, 2023 British bank Barclays has told staff it is planning to cut around 450 jobs across the business, trade union Unite has said. Mid- to senior-level staff at the business’s head office are likely to be affected, the PA news agency understands. Unite, which represents staff members at the bank, said it was an “unnecessary and [...]
London SMEs committing over half of annual revenue to tech investment, data reveals August 22, 2023 London’s small and medium-sized enterprises (SMEs) are ramping up their tech budgets, allocating over half of their annual revenue to technology investments, according to a report by Barclays. In the capital, SMEs are directing an average of 54 per cent of their annual revenue to technology investments, such as data analytics and artificial intelligence tools, [...]
Taylor Swift helps Brits shake it off with entertainment spree but it’s a cruel summer for retailers August 8, 2023 Taylor Swift tickets, which went on sale in July, have powered a double-digit increase in entertainment spending so far this summer
