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Banking & Finance

Close Brothers shares volatile as motor finance Supreme Court case kicks off
By City AM
The bank was one of the FTSE's top fallers as markets opened after it suffered a downgrade from City broker Peel Hunt
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London Stock Exchange sees decline as º£½ÇÊÓƵ firms opt to remain private longer, says º£½ÇÊÓƵ Finance report
By City AM
The financial services company, which serves as an industry body for banking, found a dwindling importance of public listings with firms staying private for longer.
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FTSE 100 opens lower as global markets panic - but gold hits new all-time high
By City AM
The FTSE 100 opened 0.7 per cent lower on Monday, with the FTSE 250 down 1.28 per cent, following a sharp drop in Asian markets and the Nikkei 225 plunging more than four per cent overnight
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Frontier supports Gilbanks with office expansion plan
West Midlands
Birmingham-based funder agrees undisclosed deal with firm opening new flexible office hub in city's business district
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NatWest to launch more Accelerator business hubs
West Midlands
High street bank is marking ten-year anniversary of support programme launched in Birmingham by partnering with more universities
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Private equity trusts like Pantheon International and Patria PE undergo investment shake-up
By City AM
Analysts say that the shake-up of investment style is set to cut fees and boost returns for savers
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Choosing the best robo-adviser for your ISA in 2025: A guide for investors
By City AM
One of the most popular ways to invest is through a Stocks and Shares ISA. Here are some of the best places to open one in 2025.
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Investors should 'buy' these two housebuilders ahead of Spring Statement, broker says
By City AM
Jefferies analysts have said that they believe that there is 'potential' for the Chancellor to announce new support for the housebuilding sector in this week's Spring Statement
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MS Amlin joins EBRD scheme to boost Ukraine SMEs with €1bn reinsurance cover
By City AM
MS Amlin has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs.
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Chancellor Rachel Reeves' headroom shrinks as government borrowing soars
By City AM
The government borrowed more than expected in February, official figures showed, spelling trouble for Chancellor Rachel Reeves ahead of the Spring Statement next week
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Schroders share price target upgraded as analysts see 'upside risk'
By City AM
Schroders' share price has surged this year after the asset manager announced a cost-cutting drive, and RBC analysts believe there is "more upside risk than downside"
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TSB appoints new CEO amid parent company's uncertain future
By City AM
The º£½ÇÊÓƵ retail bank has appointed a new chief executive officer amidst its parent company's uncertain future
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Natwest partners with OpenAI as FTSE giant scales up tech
By City AM
The FTSE 100 lender said it would leverage AI to meet customers' needs faster and more effectively, whilst increasing productivity and efficiency across operations.
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Bank of England maintains interest rates at 4.5% amid global trade concerns
By City AM
The Bank of England's Monetary Policy Committee voted 8-1 to keep interest rates on hold at 4.5 per cent
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Wage growth soars as Bank of England prepares to make interest rate decision
By City AM
The Office for National Statistics (ONS) said that annual regular pay, excluding bonuses, grew 5.9 per cent between November 2024 and January 2025.
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Lloyd's of London reports profit drop to £9.6bn amid US wildfire claims and market volatility
By City AM
Lloyd's of London, the world's leading insurance and reinsurance marketplace, has reported a profit before tax of £9.6bn for 2024, a drop from the £10.7bn reported for 2023
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Santander announces closure of 95 branches impacting 750 jobs across the º£½ÇÊÓƵ
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 £9.5bn throughout 2024, compared to £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 £104m loss due to motor finance scandal provisions
By City AM
The banking group went from a profit of £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 £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 (£23.2bn) stock market listing in the coming years
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Vanquis shares plummet as it posts £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 £10m as it expanded into the US
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