High street banks pull back lending to small firms as funding gap widens November 9, 2023 High street banks are pulling back from lending to small and medium-sized enterprises (SMEs) while demand for capital is set to rise, according to a survey of more than 100 brokers.
Surge in ‘debanking’ complaints following Farage-Natwest scandal November 8, 2023 Complaints about bank account closures have surged this year, new figures reveal, as the sector comes under scrutiny following the 'debanking' scandal involving Natwest and Nigel Farage.
Co-op Bank hints at potential sale after reports of auction November 8, 2023 Co-operative Bank has confirmed that it is exploring potential strategic opportunities
What are AT1 bonds and why has UBS started selling them? November 8, 2023 AT1s were designed in part to make it less likely that the taxpayer would have to bail out a failing bank
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Financial watchdog slams payment firms for lacklustre handling of APP fraud November 7, 2023 The UK's financial watchdog has found that payment firms should strengthen their systems to detect and prevent authorised push payment fraud (APP), as well as treat victims better.
Oaknorth founder accuses lenders of underserving SMEs for years November 7, 2023 Oaknorth is offering to help scale-up businesses that are being overlooked and underserved by big banks
Vistry flogs £800m worth of units to Blackstone funds in pivot to affordable homes November 7, 2023 Vistry has sold £819m worth of homes to Leaf Living and Sage Homes, both backed by alternative asset management giant Blackstone, as the company shifts to becoming a solely affordable housebuilder.
UBS swings to bigger-than-expected £637m loss after costly Credit Suisse integration November 7, 2023 The Switzerland-based bank posted a net loss of $785m £637m) in the third quarter, significantly higher than the $444m analysts polled by Reuters had forecast.
Revolut in talks to move headquarters to Canary Wharf landmark November 6, 2023 Fintech Revolut is in negotiations to relocate its headquarters to a more central area of Canary Wharf, according to reports, in what could be a boost for the struggling financial district.
