UK banks could limit buybacks as car loan scandal grows November 13, 2024 Some UK banks could be forced to reduce upcoming investor payouts, analysts have warned, as the Financial Conduct Authority mulls whether to expand a probe into now-banned car loan deals.
Lloyds to replace senior staff’s union negotiations with ‘people forums’ November 13, 2024 Lloyds Banking Group is to stop recognising the trade union membership of some senior employees by replacing union negotiations with so-called “people forums”.
Buy-now pay-later giant Klarna files for IPO in the US November 13, 2024 Buy-now pay-later (BNPL) giant Klarna has filed for an initial public offering (IPO) in the US, formally starting proceedings for a blockbuster stock market debut. The Swedish fintech company confidentially submitted the relevant paperwork to the Securities and Exchange Commission (SEC), it said last night. Klarna added that the number of shares to be offered [...]
After fining Metro Bank and Starling, which challenger bank will the FCA target next? November 13, 2024 The Financial Conduct Authority has signalled that it is ready to take a hard line against challenger banks for financial crime failings after dishing out hefty fines to young lenders.
Ex-Bank top economist Haldane says UK can strike Trump trade deal and boost EU ties November 12, 2024 The Bank of England’s ex-chief economist has said Keir Starmer can simultaneously strike a trade deal with Donald Trump and rebuild relations with the EU to show the UK is "open for business".
Fewer than half of FCA staff happy with pay amid allure of private sector November 12, 2024 Less than half of staff at the UK's financial regulator are happy with their pay, a survey has suggested, despite efforts to fend off the allure of private sector jobs.
Cavendish says IPOs on the way as City investment bank returns to profit November 11, 2024 Cavendish has reported a jump in dealmaking fees and said more IPOs could be on the way as the City investment bank returned to profitability.
Revolut facing potential legal action in battle with crowdfunding platform November 11, 2024 Revolut is facing potential legal action from a crowdfunding platform after a years-long battle over the sale of its shares by early investors, CityAM can reveal.
Treasury sells another £1bn in Natwest shares as stake falls further November 11, 2024 Natwest has bought back another tranche of shares from the Treasury as the government continues to accelerate its exit from the Big Four lender.
Iwoca: Fintech lender secures £200m debt to support larger SMEs November 11, 2024 Small business lender Iwoca has secured £200m of debt funding as the fintech looks to grow its market share through bigger loans.
