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Santander announces closure of 95 branches impacting 750 jobs across the 海角视频
Santander
The Spanish-owned lender said it was shutting the branches from June, while also cutting hours across 36 sites and switching 18 to be counter-free in moves impacting on more than a third of its 444-strong network
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Santander to close Midlands branches
Finance
Six sites across the region have been tabled for closure as part of a nationwide review into its network
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M&G reports jump in outflows as it slumps to loss in 2024
By City AM
The insurer and asset manager reported outflows of 拢9.5bn throughout 2024, compared to 拢4.7bn in 2023, it revealed in its annual results
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The latest equity investment deals in Wales
Deals
Companies featured include Burbank, Finalrentals, Bute Energy, Snoap and Nisien.AI
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Close Brothers reports 拢104m loss due to motor finance scandal provisions
By City AM
The banking group went from a profit of 拢88.1m in the same period of 2024 to a pre-tax loss in the first half of 2025, after the firm set aside provisions for the motor finance scandal.
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Howden: Insurance giant set for US takeover deal and 拢23bn stock market float - report
By City AM
British insurance broker Howden is reportedly closing in on a US takeover deal, which could pave the way for a $30bn (拢23.2bn) stock market listing in the coming years
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Vanquis shares plummet as it posts 拢34.8m loss for 2024
By City AM
The cost of dealing with complaints related to the company's historic lending practices soared and took a chunk out of the company's bottom line.
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PensionBee hails 'transformative year' as losses slashed and revenue climbs
By City AM
PensionBee has hailed a "transformative year" for the listed business as it slashed its pre-tax loss and grew its revenue by almost 拢10m as it expanded into the US
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Swansea Building Society post record profits and total assets
Finance
The Swansea headquartered mutual had a strong 2024 with double digit growth in its mortgage lending and saving deposits
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Revolut says 海角视频 shoppers bought aquariums and antiques in February
By City AM
The data of 93million card payments in February from the fintech giant shows a shift in consumer habits following the January spending lull
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Legal & General boosts shareholder returns with 拢500m buyback after strong 2024 performance
By City AM
The insurance giant announced a 拢500m share buyback for 2025, as part of its commitment to return over 拢5bn to shareholders within three years.
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Investment bank launches new Birmingham team
West Midlands
Cavendish hires ex-Deloitte partner to spearhead office targeting Midlands region
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Welsh private sector output improves further shows new NatWest research
NatWest
NatWest has published its latest Wales Business Activity Index
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Nationwide to give millions of customers 拢50 - see if you qualify
Banking & Finance
The money is on top of the now annual Fairer Share Payments
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Lloyd's of London reports 6.5% increase in gross written premiums for 2024
By City AM
In a trading update published this morning ahead of its full results, Lloyd's said gross written premiums increased 拢55.5bn from 拢52.1bn in the prior year
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Black Country logistics provider fuels expansion with new funding
West Midlands
PDS Direct has grown from a local delivery service covering the Midlands region from its base in Oldbury into a third-generation family business
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海角视频 mortgage brokers predict interest rate rise despite recent cuts, survey reveals
By City AM
Almost 70 per cent of mortgage brokers expect interest rates to increase from their current levels by the beginning of next year, a new study has found.
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海角视频 ministers consider blocking HMRC VAT proposal on investment funds
By City AM
The 海角视频 government is set to block HM Revenue & Customs' plans to apply VAT to investment funds following a backlash from City bosses
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Royal London to share 拢181m profit with millions of customers
By City AM
The firm reported an 11% rise in pre-tax profit to 拢277 million in 2024, up from 拢249 million in 2023, after the group bolstered new businesses and consolidated its consumer book
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Co-op Bank mortgage applications soar in first financial results since takeover
By City AM
The Co-Op Bank recorded 拢116.2m in pre-tax profit for 2024, down from the 拢120.9m booked in 2023 but in line with company expectations.
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Fall in the number and value of equity deals into small firms in Wales
Deals
The British Business Bank has published its latest Small Business Finance Markets report
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Admiral announces special dividend following a 90% surge in profits
By City AM
The FTSE 100 firm has also confirmed it is in talks to sell its struggling Italian business ConTe
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Barclays bank tells customers they could get share of 拢12.5million
Banking & Finance
The money will go to those who have had problems in the last two years
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HSBC hunts for new 海角视频 boss as current chief takes up 'vital' new role
By City AM
Ian Stuart, who has been chief executive of the bank's 海角视频 business for eight years, will move to the newly created role of group customer and culture director
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