HSBC share price slides after RBC downgrades stock November 22, 2023 Shares in HSBC fell as much as 1.8 per cent today after RBC cut its recommendation on the stock, forecasting a $5bn headwind from falling interest rates.
Banking giant warns of bonus cuts if staff work from home too often November 22, 2023 A banking giant has demanded slow to return staff get back to the office - and bonus packages will be cut if they work from home too often
Former Natwest fraud chief left after moonlighting for law firm that brings scam victim claims November 21, 2023 Natwest’s former head of fraud prevention quietly left his role earlier this year after the group found out he was moonlighting at a law firm specialising in bringing scam victim claims against banks.
Savings rates fall for first time in more than two years as banks slash deals November 21, 2023 Fixed savings rates have fallen across the board for the first time in more than two years, according to new data, as inflation cools and the Bank of England hold interest rates.
Abrdn chief reportedly wanted to sell struggling £368bn investment arm November 20, 2023 Abrdn’s chief executive, Stephen Bird, wanted to sell the company’s troubled investment management division last June, according to Financial News.
Chancellor to allow ISAs to hold fractional shares in effort to boost investment: report November 20, 2023 Chancellor Jeremy Hunt is reportedly set to announce major changes to individual savings accounts in his autumn statement on Wednesday in an attempt to boost investment in UK companies.
Bank of England rate cuts should be underway by August, economists predict November 20, 2023 Some 79 per cent of the 19 experts surveyed believe that the central bank will have started cutting or begin to cut interest rates by August next year.
Nationwide boss Debbie Crosbie rules out Natwest CEO job November 19, 2023 Nationwide's chief executive Debbie Crosbie has ruled out a move to Natwest as the troubled bank looks for a new boss.
Monzo close to deal with Alphabet for up to £500m funding round: report November 19, 2023 Alphabet, the parent company of Google, is reportedly in talks to acquire a major stake in digital bank Monzo in a boost for Britain’s fintech sector.
UK banking industry set to become ‘less competitive’ as taxes surge to new highs November 17, 2023 The banking sector contributed £41bn in the year to March, up £2.2bn from the previous year, according to the annual report from PwC for banking trade body UK Finance.
