Barclays reportedly in talks with Metro Bank to buy £3bn mortgage portfolio November 27, 2023 Barclays is reportedly in exclusive talks to buy a £3bn residential mortgage book from Metro Bank as the troubled lender's shareholders prepare to vote on a £925m refinancing package later today.
Santander boss says scrapping bonus cap is ‘good news’ for industry November 27, 2023 Santander boss Ana Botín has supported scrapping the bankers' bonus cap in Europe following the UK government's decision to do so in October.
Aviva adds £100m Canadian operation to three-country strategy November 27, 2023 Aviva has announced the acquisition of Canadian vehicle replacement insurer Optiom in a deal worth around £100m as it looks to grow its foothold in the country. The London-listed insurance giant said the deal would expand its capital-light businesses, which make up half of its portfolio. It added that the acquisition would “increase its access [...]
Mortgage rates won’t dip below four per cent this year, experts say November 26, 2023 Mortgage rates are unlikely to dip below four per cent before the end of this year, industry experts told CityAM
Will the Natwest share sale plan really ‘get Sid investing again’? November 24, 2023 Natwest shares have sunk more than 24 per cent so far this year, with the bank’s stock cratering in its biggest one-day drop since Brexit after it reported weak third-quarter results at the end of October.
Government ‘sneaking through’ new bank data powers, campaigners warn November 24, 2023 Some have warned that the UK government is slipping through new laws with "minimal debate" as it looks to crack down on benefit fraud.
Payment firms welcome government focus on open banking and competition November 23, 2023 Payment firms have welcomed Jeremy Hunt’s plans to legislate on open banking next year and follow recommendations of a government-backed review calling for more competition.
‘Market and regulatory tailwinds’ boost XPS Pensions amid Hunt’s reforms November 23, 2023 XPS said it could benefit from Chancellor Jeremy Hunt's plans to consolidate the UK's fragmented pension market.
Virgin Money launches new £150m share buyback despite rise in impairments November 23, 2023 Virgin Money has launched a £150m share buyback programme as its margins remained stable, despite a fall in pretax profit driven by a surge in impairments.
Lukewarm welcome as Hunt extends ‘limited’ mortgage scheme for first-time buyers November 22, 2023 The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.
