Goldman Sachs beats trading haul record by $1bn after Iran volatility April 13, 2026 Goldman Sachs equities traders have beaten their all-time quarterly high as the Wall Street titan revealed a major market haul amidst the volatility triggered by the Middle East. The banking giant’s stock division reaped $5.3bn (£3.9bn) in revenue for the first quarter of the year, surpassing the previous record of $4.3bn secured by the bank [...]
Gocardless axes 90 jobs as UK fintech targets profitability April 13, 2026 UK fintech Gocardless has taken the chop to its workforce as the firm sets its sights on breaking into the black in the new financial year. The London-based firm, which specialises in bank-to-bank payment solutions, said it had made a redundancy provision for around 90 roles in the year ending 30 June 2025. This led [...]
‘Mortgage mayhem’: Deal lifespans hit record low as interest rate cut hopes dim April 13, 2026 Borrowers have been left in a “mortgage maze” after lenders frantically pulled deals due to the unfolding crisis in the Middle East leading to the lowest average shelf-life on record. The average mortgage was on the market for just eight days in March – the lowest since records began in November 2011. This marks a [...]
European banking jobs face AI reset ‘not mass job losses – for now’ April 10, 2026 European banking jobs are in line for a boost from AI despite widespread fears the integration of new tech will trigger mass layoffs, according to fresh analysis. The headcount at the top lenders is expected to get a four per cent average uplift, analysts from Bloomberg Intelligence said in a new note. The increase is [...]
Wall Street chiefs summoned over ‘nightmare’ Anthropic cyber threat April 10, 2026 US regulators have summoned top Wall Street bosses to an urgent meeting over fears that a powerful new AI tool could turbocharge a haunting new wave of cyber attacks. Scott Bessent, the US Treasury Secretary, and Federal Reserve chair Jerome Powell urged top banking chiefs to be prudent risks raised by Anthropic’s Mythos. The hastily [...]
UK’s best bank revealed – and it’s not a bank April 9, 2026 The UK banking sector’s top bank has been crowned – and (spoiler) it’s not a bank. A new report from Forbes and market research firm Statista analysed the global banking system for the world’s top names in the sector. Over 54,000 people were surveyed across 34 countries in 17 different languages between October and November [...]
JP Morgan and Goldman Sachs to lead Wall Street profit haul on back of Iran war April 9, 2026 Top Wall Street banks are tipped to reveal huge profit growth next week amid firm investment banking activity and soaring trading volumes on the back of volatility in the Middle East. Goldman Sachs will issue the starting gun on US banks earnings season on Monday, where boss David Solomon has already teased a boom in [...]
Revolut follows Starling with AI agent as tech arms race heats up April 9, 2026 Revolut has waded into the AI arms race with the debut of its personal finance assistant as fintech firms race to beef up the tech in their all-in-one super apps. The $75bn digital banking giant has launched AI by Revolut – a financial assistant embedded into its app. The chatbot provides spending insights, investment updates [...]
Close Brothers and First Rand look to park motor finance row April 8, 2026 After countless speed bumps, sharp handbreak turns and a fair few false starts, the two banks that took the motor finance scandal to the top finally look to put it in the rearview mirror. Close Brothers and Aldermore owner First Rand have sought to wrap up the over two-year long saga after the financial watchdog [...]
‘Make the process look less scary’: UK banking licence applications hit zero in 2025 April 8, 2026 The number of applicants for UK banking licences plummeted to zero in 2025, raising questions over the government and regulators’ capacity to foster competition and attract overseas investment. The fresh figures – revealed in a Freedom of Information request by financial regulation consultancy Pathlight Associates – show a steep fall from the 11 licence bids [...]