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Lloyds Banking Group hits back at criticism over savings rates

Lloyds and other banks have been criticised for not offering competitive levels of interest rates for savers.

Co-operative Bank front runner in Sainsbury’s loan book purchase bid

UK’s challenger lender Starling Bank, too, was previously interested in the mortgage book but has now backed out.

Atom Bank makes London IPO intention clear

Atom raised significant funds last year, with a £75m round in February 2022 followed by a November boost of £30m.

Dominant Russian lender Sberbank's profits rise 9.8% y/y in Jan

The bank, which serves nearly 107 million retail clients, returned to profitability in the latter half of the year, increasing its capital and capital adequacy and seeing growth in several areas of its business.

Danske Bank Annual report 2022

Highlights and Carsten Egeriis on the results

Barclays sets out its flexible banking strategy

Barclays continues to adapt its physical footprint in response to declining customer branch usage, alongside the increase in customers using digital channels to bank.

BoE stats show mortgage lending plummets and reliance on consumer credit dips

While mortgage rates have dipped somewhat since the highs seen towards the end of last year, monthly costs remain far higher than many people had become accustomed to in recent years.

Receipt of all regulatory approvals for the completion of the sale of Bank of the West to BMO Financial Group

Final finacial impacts of the Transaction will be provided on February 7, 2023, together with the publication of BNP Paribas 2022 Annual Results.

Retailers can build customer loyalty via sustainability discounts

Across every sector, public and private organisations are leveraging data to strengthen value chains and forge new relationships with customers.

Lloyds Banking Group tipped for nearly 60% upside as banks are already 'priced for recession'

Significantly, Jefferies describes the banks as having “best in class” capital returns across the whole market presently with the median yield coming in at around 8% per year for 2022 through 2024.

Zopa Bank hits £3bn deposits as interest rates highest since 2008

On top of its swelling deposit base, Zopa has more than £2bn of loans on its balance sheet and 350,000 credit card customers.

Halifax relaunches tracker mortgage rates after four years

Its two-year tracker rates for homebuyers range from 4.09 to 4.59 per cent, compared with fixed rates of 5.12 to 5.82 per cent for the same term.

Societe Generale group announces the creation of its new french retail banking: SG

The bank SG aims to build a leading banking partner on the French market serving 10 million customers and be in the Top 3 of customer satisfaction.

The banks across south London that permantely closed in 2022

HSBC alone lost 69 bank branches across the UK in 2022- it had already shut 82 branches in 2021.

Rising interest rates could fuel results for HSBC, global banks amid uncertain economic outlook

HSBC’s profit expected to increase 7 per cent in 2022, surge 42 per cent to US$19.2 billion in 2023

First woman to run major UK bank receives damehood

Alison Rose, the chief executive of NatWest Group, joined the bank 30 years ago as a graduate and climbed the ranks to take on the top job in 2019.

2023 Outlook: UK banks' resilience to be tested further

This concern proved to be justified even as central banks initially tried to push back against the tide of calls for more aggressive rate rises, despite rising inflation, as well as inflation expectations.

Crédit Agricole signs non-life partnership with Banco BPM in Italy

Under the partnership, BBPM will bring its leading banking experience and distribution capabilities across Italy.

100 banking and payments experts share sector forecasts for 2023

100 banking and payments experts from Adflex to Yapily by alphabetical order share sector forecasts for 2023

Home loan applications fell sharply in Estonia in final months of 2022

Interest rate rises are driven by the Euro Interbank Offered Rate (Euribor), which has been climbing, and economic and general uncertainty have also played a role in decisions to postpone purchases.

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