Mortgage price war set to intensify as Halifax, HSBC lead charge slashing rates January 3, 2024 The new year has kicked off with a mortgage price war, according to brokers, as lenders slash deals to compete for business in a market under pressure from high interest rates.
London stock trade volumes fall below expectations as Europe maintains lead January 3, 2024 The London Stock Exchange's average daily trading volume (ADV) fell below expectations in December, according to new research, as the City struggles with a dearth of capital markets activity and big-ticket listings.
Exclusive: City bosses eye up strong first quarter but warn of threats to UK competitiveness January 3, 2024 Financial services bosses are optimistic about their first-quarter results but say economic and regulatory pressures threaten Britain's competitiveness, according to a survey of 160 senior executives shared with CityAM, as London struggles with a dealmaking slump.
HSBC to challenge Revolut and Wise with new forex app January 2, 2024 HSBC launches international payments app to rival fintechs Revolut and Wise, to grab a slice of the booming market for affluent customers.
UK investment fund launches plunge to 20-year low as investors turn to cash January 2, 2024 The number of new UK investment funds has reached its lowest level in two decades, as asset managers are hit by high costs.
JP Morgan’s Chase UK aims for 2025 profit amid digital banking growth January 2, 2024 Digital challenger bank Chase UK, owned by US giant JP Morgan, aims to become profitable from next year as it seeks to be a “major player” in Britain, according to a top executive at the lender.
Leading economists expect Bank of England to cut interest rates in spring January 2, 2024 Top economists have brought forward their expectations for the Bank of England's next interest rate cut to as soon as March and overwhelmingly see the central bank's monetary policy as too hawkish, according to a CityAM poll, after promising signs in the battle against inflation.
UK banks’ costs in focus in 2024 as interest rates go from boon to burden January 1, 2024 UK banks' cost control will be a key focus in 2024 as the tailwind from high interest rates gives way to mounting margin pressure, analysts have told CityAM
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?
