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Banking & Finance

Secure Trust Bank to axe 78 jobs as lender exits motor finance business

Secure Trust Bank said it will pause new lending within its vehicle finance division and "run off" its existing book, meaning it will manage its current portfolio until it naturally winds down

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British banks axe huge number of workers in bid to modernise and compete with challengers

Total employee numbers at 海角视频 lenders fell by 5.25 per cent to 580,371 over the year, the largest drop since 2018, as the industry continues to grapple with the digital revolution

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Pisces private stock market: Revolut, Octopus and Oaknorth eye trading platform

The London Stock Exchange Group has hosted a private conference for 海角视频 businesses interested in joining the new Pisces private stock market, City AM can reveal

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EY names new head of Midlands operation

Adrian Roberts joined the firm as a University of Birmingham graduate and will lead a team of 1,200 staff in the city

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Aviva's 拢3.7 billion acquisition of Direct Line gets green light from 海角视频 watchdog

The 拢3.7bn takeover will not be subject to a phase-two investigation, the Competition and Markets Authority (CMA) said on Tuesday, after a preliminary probe to assess whether a combination between the two would reduce competition in the 海角视频 insurance market.

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Standard Chartered hit with $2.7bn lawsuit over '1MDB fraud'

Standard Chartered has been hit with a $2.7bn lawsuit over accusations it helped move and hide billions that were stolen from Malaysia's 1MDB fund

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Cavendish shares jump to eye year high after rejecting deals unit takeover

The financial services firm said there had been no further discussions on the matter

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Number of equity deals in Wales rose in 2024 but declined on total values

The British Business Bank has published its latest annual Small Business Equity Tracker

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Saga's share price surges after announcing banking partnership with Natwest

Saga said it was in the "final stages" of talks with Natwest, with whom it already has a partnership with, after agreeing the "heads of terms" of the tie-up

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Zopa challenges high street banks with new account offering 拢256 cashback and interest

The digital banking app has launched "Biscuit," which will allow customers to earn 拢256 in cashback and interest each year

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HSBC's return-to-office plans could derail boss' cost-cutting agenda

HSBC is reportedly weighing up a return-to-office mandate for its workers, forcing them back into the office for at least three days a week, but the move could prove costly

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Revolut boss could net multibillion-dollar payout at $150bn valuation

Nik Storonsky, who founded Revolut in 2015, has an incentive deal which would increase his stake in the London-based fintech by several percentage points if the valuation more than triples its current level.

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Challenger banks on alert for industry exit as giants circle Metro and TSB

The City is abuzz with banking deal speculation as challenger banks are set to exit the industry, according to analysts at Moody's

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海角视频 government borrowing surges to 拢17.7bn in May to fund Labour's spending splurge

The latest public sector finance figures have shown a surge in borrowing to 拢17.7bn in May, the second-highest borrowing figure for the month since records began 30 years ago

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Natwest rules out taking over TSB after Spanish owner puts bank up for sale

Natwest had been tipped as the "most likely acquirer" of TSB, which is set to be sold by its Spanish owners, but the bank has now ruled out a takeover bid for the high street lender

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KKR wins takeover battle for Assura as rival deal falls through

US private equity giant KKR's 拢1.7bn takeover of the London-listed healthcare property giant has been given the green light by the EU

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How much has been deployed from the 拢130m Investment Fund for Wales

The fund from the British Business Bank was launched 18 months ago

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Legal & General to expand US and private market operations amid global asset management shift

The FTSE 100 insurer has set out its growth plans for the asset management arm, which has 拢1.1 trillion in assets under management

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Inflation overshoots expectations as Bank of England prepares for rates decision

The Office for National Statistics said prices of chocolates and meat products rose higher while the cost of furniture and household goods also pushed up the rate of inflation

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HSBC could force 35,000 海角视频 staff to return to office three days a week

The FTSE 100 listed lender is exploring a global mandate that would require employees to be back in the office at least three days a week, according to reports

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Barclays drafts in McKinsey to find savings in investment banking arm

The FTSE 100 lender is looking to streamline its investment bank division, with consultants looking at the front office, finance, risk and technology divisions

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Smarter Web Company skyrockets into FTSE 250 with 拢720m cap after embracing Bitcoin

The Aquis-listed firm now has a market cap of 拢720m, after having more than tripled in the past week

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Metro Bank's shares surge following takeover interest from Shawbrook owner Pollen Street

Shares in Metro Bank soared in early trading on Monday after reports the high street lender had been approached for a takeover.

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Barclays and Natwest see shares rise amid Middle East conflict and inflation concerns

Barclays and Natwest were up nearly two per cent and Lloyds over one per cent during early trading as oil prices crept up another one per cent to $74.90 a barrel

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