Lloyds to scrap mobile banking vans which help ‘as little as two customers’ January 29, 2024 Lloyds Banking Group is scrapping its mobile banking vans this year as part of its transition to digital banking, with demand for the service tumbling in recent years.
Government could launch Natwest public share sale this summer January 28, 2024 The government is preparing to start selling its shares in Natwest to retail investors as soon as the middle of this year, CityAM understands.
EY quits as Asda’s auditor amid criticism of Issa brothers January 28, 2024 Big Four accountant EY quit as Asda's auditor last summer in another blow to co-owners Moshin and Zuber Issa.
Amanda Staveley mounts fresh legal action against Barclays over 2008 Qatari rescue January 28, 2024 Dealmaker and co-owner of Newcastle United Amanda Staveley has mounted new legal case against Barclays over a rescue deal the bank made with Qatar during the financial crisis.
Brit Marianne Lake tipped to succeed Jamie Dimon as JPMorgan boss January 28, 2024 British banking executive Marianne Lake is among the leading candidates set to take over from Jamie Dimon as chief executive of JPMorgan Chase after a reshuffle of the US giant's leadership.
Mortgage rates war: As sub-four deals appear on the market, how low will they go? January 27, 2024 Britain's mortgage price war has shown signs of slowing as macroeconomic uncertainty casts doubt on the outlook for interest rate cuts and a wider rebound.
Lloyds to cut 1,600 jobs in transition from branches to online banking January 25, 2024 Lloyds Bank is to cut some 1,600 jobs across its branch network, a company spokesperson has told CityAM, as part of its shift towards digital services. The move from Britain’s largest domestic bank is the latest in a series of layoffs within the sector amid margin pressure from peaking interest rates and fierce competition [...]
Revolut account closure lawsuit from late Russian oligarch’s son-in-law struck out by High Court January 25, 2024 A High Court judge has struck out a case brought by the son-in-law of a late Russian oligarch against Revolut for "unlawfully" closing his account.
Auto finance industry could face £16bn in compensation payouts from FCA probe January 25, 2024 UK auto lenders could be hit by up to £16bn in compensation payments after the City watchdog confirmed its probe in historic commission arrangements would look at cases going back to 2007.
GSK spin-off Haleon offloads Chapstick brand for £400m to ‘simplify’ business January 25, 2024 Consumer healthcare company Haleon has agreed to sell its Chapstick lip balm brand to Yellow Wood Partners in a deal worth $510m (£401m) as part of efforts to "simplify" its business model.
