Several UK financial services enterprises have urged the government to strike a deal with the EU allowing British banks, insurers, and wealth managers to do business on the continent ... Read More
HSBC is planning to close 62 branches across the UK this year leading to 180 job losses, the Press Association has reported. The move marks the end of “HSBC’s ... Read More
Following the cyber theft and temporary suspension of online transactions from current accounts that affected around 9.000 customers, Tesco Bank has issued an update to inform that full service ... Read More
Moody’s Investors Service has today changed the outlooks on the ratings of 12 UK banks and building societies. Simultaneously, the rating agency has changed the outlook on the UK ... Read More
The top 20 non-bank money transfer providers based in the UK now account for over £40 billion of foreign exchange per year, saving customers over £900 million annually, according ... Read More
Atom Bank today announces that it has been granted its licence by the Bank of England, enabling it to push ahead with plans to launch products and services to ... Read More
Britain’s biggest banks face another 19 billion pounds ($29 billion) of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in ... Read More
Britain’s big banks must slash their bloated cost bases if they are ever to return to sustainable profitability, analysts at KPMG warned today. The largest lenders are all struggling ... Read More
Today, the Bank of England is publishing the scenario for the 2015 stress test, which will be applied to the largest UK banks and building societies. The scenario has ... Read More
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