10/06/2023
Metro Bank sounds out rivals about buying part of its mortgage book
UK challenger bank’s shares fall almost 30% after reports it is seeking to raise up to £600mn from investors
Retail Banking
10/06/2023
Will Metro Bank be 2023’s next banking collapse?
Metro met with rivals including HSBC, NatWest and Lloyds on Thursday to discuss buying a third of its mortgage book in efforts to bolster its balance sheet.
09/29/2023
CaixaBank wins the “Momentum Award for Confirming Bank 2023”, awarded by the Asian Development Bank
The award acknowledges CaixaBank as the confirming bank with the highest increase of transactions in the last year, considering both the number of transactions and their total volume.
09/25/2023
Barclays to close accounts of UK expats, impacting savings and pensions access
This decision could potentially affect numerous expats who rely on these accounts for their financial transactions.
09/11/2023
European retailers risk dressing-down from investors as consumers flinch
This gloomy forecast did not play out, with retailers largely able to pass costs on to consumers as demand proved more resilient than initially feared.
08/31/2023
Lending marketplace Freedom Finance becomes Aro in rebrand
CEO Emma Steeley says the change marks a “new chapter” for the company
08/23/2023
Nationwide and Santander slash mortgage rates – ‘other lenders may follow’
In addition to these, Nationwide is reducing selected two-, three-, and five-year fixed rates for existing customers moving home by up to 0.40%.
08/21/2023
NatWest is giving £200 cash boost to people for free for making simple bank change
Here are more details of what you need to do to receive the £200 from the bank and what the eligibility rules are
08/21/2023
Inside the £673mn debt burden SJP advisers are grappling with
Those loans are also made to advisers, and it is the advisers responsibility to repay the bank.
08/18/2023
Barclays has announced 9 more bank branch closures
The nine closures announced this month
08/17/2023
Global Finance recognises CaixaBank's digital transformation with 14 awards, a record for the bank
Recognition of the digital transformation and innovation
08/17/2023
DZ Bank achieves go-live of Regnology Abacus360
Regnology Abacus360 offers financial institutions cost-efficient scaling opportunities and uses cloud-based computing.
08/16/2023
Santander UK increases interest rate on easy access account to seven per cent
The bonus rate for existing Edge Saver customers will apply from today until 12 months have passed from the date their account opened.
08/15/2023
Barclays becomes latest lender to cut mortgage rates
Barclays' changes follow similar announcements from other large lenders
08/11/2023
UK's Co-operative Bank buys Sainsbury's Bank's 479 mln stg mortgage portfolio
Once the deal is completed, Sainsbury's Bank customers are expected to transfer to the Co-operative Bank over a period of one year.
08/09/2023
Lloyds Bank names agency to manage its private rental stock
The deal will see the department look after the mobilisation, lettings and management of 604 properties that Citra agreed to buy last month in June from housebuilder Barratt Developments plc.
08/08/2023
Commerzbank sets up new €10bn asset management firm Yellowfin
Yellowfin will target institutional investors, corporate clients, and high-net-worth individuals with managed assets of at least €30m, complementing Commerz Real and Commerzbank’s own asset management services.
08/08/2023
Commerzbank with strong first half of the year – net profit increased by almost 50% to €1.1 billion
The cost-income ratio improved to 61% in the first half of the year.
08/07/2023
Commerzbank Second Quarter 2023 Earnings: Revenues Beat Expectations
The increase in margin was primarily driven by lower expenses.
08/07/2023
NatWest imposes new cash limits in latest de-banking row
The move has raised fears that increasing curbs on the use of paper money across the system could have negative consequences for consumer