08/15/2023
Barclays becomes latest lender to cut mortgage rates
Barclays' changes follow similar announcements from other large lenders
Retail Banking
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
08/07/2023
HSBC bank chief issues apology over calling UK 'weak'
Tensions between US and China have continued to worsen in recent years.
07/31/2023
NatWest caps off tumultuous week with mixed results
Deposits have also stabilised after disappointment in this area in Q1, even if the bank is paying up to retain these.
07/28/2023
CaixaBank reports a net profit of €2.14 billion up to June (+35.8%) driven by strong commercial performance, with NPL ratio at record lows
During the first half of the year, core revenues increased by 31.3% year-on-year, to €7.11 billion.
07/28/2023
Lloyds braces for loan losses as borrowers face £360 monthly mortgage jump
The banking group revealed its half-year profit increased by more than a fifth compared with last year.
07/13/2023
Barclays wins UK Supreme Court case over push payment fraud
Phillip alleged Barclays owed her a duty to ignore her instructions if the bank had reasonable grounds to suspect she was being defrauded.
07/12/2023
NatWest to shutter 143 branches in 2023
NatWest's plans adds to a wave of closures announced by the UK big banks in the first months of the year.
07/11/2023
CaixaBank lets customers split the cost of direct debit bills through Bizum
This is a service designed for a range of joint expenses, such as rent paid on a shared flat or the cost of utilities with a partner.
07/11/2023
Santander removes smoothing from funds
Due to this, a number of funds have been subject to a number of revised smoothed rates over the past year.
07/10/2023
Eurobank eyes control of Hellenic Bank
The Greek lender aims to increase its profits from international operations by broadening its presence in these developing wealth management markets.
07/07/2023
Tandem Bank on the hunt for London home
Tandem’s London team were previously housed in offices in Holborn, London, until the lease expired and are now temporarily working from WeWork.
07/07/2023
NatWest, Lloyds, Barclays and HSBC among banks quizzed over savings rates
Interest rate rises have led lenders to hike mortgage costs, but savings rates have not been rising as fast.
07/05/2023
A mixed performance for Italy’s banks
This year’s performance rankings also saw large Italian banks
07/03/2023
Access Bank UK, Daniel Ford educate investors on real estate investing in UK
The Roadshow provided an opportunity for the firms to educate Nigerian investors on investing in real estate in UK, highlighting the benefits and methods of such investment.