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Home
Professional Services
Banking & Finance
Banking & Finance
Hargreaves Lansdown co-founder to step down from board after £5.4bn takeover
By City AM
Peter Hargreaves, who co-founded the investment platform with Stephen Lansdown in 1981, will be stepping down from the board of the company, months after its £5.4bn takeover
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Chief executive of Principality Building Society to stand down
Appointments
Julie-Ann Haines will be replaced at the helm of the º£½ÇÊÓÆµ's sixth biggest mutual by its current chief financial officer Iain Mansfield
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Lloyds and Barclays shares jump as FCA softens blow on motor finance lenders
By City AM
Shares in motor finance lenders rallied on Wednesday morning after the Financial Conduct Authority dropped a major update on its industry-wide redress scheme
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The latest acquisitions and equity investment news in Wales
Deals
Companies featured include Haverfordwest County AFC, Space Forge, Golley Slater, Bidmead Cook, Nodor and the Development Bank of Wales
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Lloyds' 'slow' wealth progress sparks takeover talk as bank looks to beef up offering
By City AM
Lloyds has been slow to build out its wealth management offering and could look to acquire a player in the space, according to analysts at RBC Capital Markets
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Equity deals up in Wales but values have fallen shows new British Business Bank research
Deals
The number of equity deals in 2024 were up 7.2% on 2023 but their combine value declined by more than 12%
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Asda credit card company reports losses wide and warns 'material uncertainty' over future
By City AM
The firm behind the Asda credit card more than doubled its impairment charges last year
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Dains secures fourth acquisition of the year
West Midlands
Growing accountancy group has expanded across its West Midlands heartland with deal to buy Curo
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Ex-head of British Army to lead Santander's defence lending as demand soars
By City AM
General Sir Patrick Sanders, who was chief of the general staff from 2022 to 2024, is set to join the Spanish-headquartered bank to lead its defence industry approach
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Shawbrook confirms plans for London IPO as listings revival gathers pace
By City AM
The Essex-based bank has today published its registration document ahead of its intention to apply to admit its shares to the main market of the London Stock Exchange in a move thought to value the company at as much as £2bn.
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Welsh angel co-investment fund gets £3m new injection from Welsh Government
Deals
The Wales Co-Investment Fund was launched in 2018
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Interview: From kitchen table start-up to multimillion-pound exit
People
Adam Tavener talks to Business Live about launching Clifton Asset Management from his flat in the 1980s – and selling it on for tens of millions this year
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Hargreaves Lansdown hits two million clients milestone
Finance
The investment platform's assets under administration have also climbed to a record figure
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Standard Life launches new fund to boost access to private markets
By City AM
The Future Opportunities fund aims to improve outcomes and boost returns by diversifying customer portfolios with exposure to private assets
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Barclays, Citi and JP Morgan bosses issue warning to Rachel Reeves over bank tax hike
By City AM
The bosses of Barclays, Citi and JP Morgan have warned the Chancellor against hiking taxes on the banking sector, as they called for stability and competition
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Revolut to invest 3bn in the º£½ÇÊÓÆµ and create 1,000 jobs in major vote of confidence
By City AM
The digital bank said it would pump 3bn into the º£½ÇÊÓÆµ and create 1,000 highly-skilled jobs over the next five years.
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Zilch secures £30m loan from US Bank to fuel expansion, plans major growth announcement
By City AM
The London-based fintech has agreed the £30m facility with New York-based US Bank, according to documents filed with Companies House.
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British tax fears soar as watchdog launches deregulation push
By City AM
The PRA has outlined plans to slash regulation across the banking sector in a bid to cut red tape
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Natwest and HSBC shares fall as bank tax chatter heats up
By City AM
Shares in Natwest and HSBC dipped on Monday morning as traders digested renewed chatter of a tax hike on Britain's banking giants.
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Government borrowing in August hits highest level in seven years forcing taxes to rise
By City AM
Public sector borrowing was 18bn in August 2025, 3.5bn more than last year and the highest since 2020
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North Wales housing association secures £20m funding facility from Principality Building Society
Banking & Finance
North Wales Housing has been backed by the mutual's commercial arm
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Investec outlook in line with expectations despite 'challenging' market backdrop
By City AM
Investec said it is on track to meet full-year expectations, as it battles a "challenging macroeconomic backdrop and market volatility" during the first half of its financial year
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Inflation hits 3.8% as tax hikes see food price spike - and it's set to get worse
By City AM
The previous reading for inflation in July was 3.8 per cent, with the August figure likely to confirm Bank of England rate-setters will vote to hold interest rates at its next decision on Thursday.
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State pension poised to rise by £560 in extra costs to Treasury
By City AM
State pension poised to rise by £560 in extra costs to Treasury
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