Banks lead UK firms in dividend payments after HSBC dishes out £8.4bn January 25, 2024 Banks led UK firms in dividend payments last year for the first time since the financial crisis, according to new research, on the back of interest rate hikes.
Bank of America sends ‘letters of education’ demanding workers return to office January 24, 2024 Bank of America (BofA) has sent “letters of education” to employees threatening disciplinary action if they do not come into the office, joining its Wall Street peers in pushing back against remote work trends.
What you need to know about China’s new bank rules — and why experts are calling for more stimulus January 24, 2024 Markets have been digesting the latest attempt by Chinese policymakers to inject some life into China's flatlining economy.
Colombian billionaire who rescued Metro Bank appoints himself to board January 24, 2024 Jaime Gilinski Bacal, the Colombian billionaire who led a major refinancing package for struggling Metro Bank, has appointed himself to its board as a non-executive director. As part of the deal struck between the lender and the banking tycoon last year, Bacal and his firm, Spaldy Investments, are entitled to appoint up to three directors [...]
‘High Court or the high road’: MPs say future of banking dispute resolution is ‘uncertain’ for SMEs January 23, 2024 MPs have flagged potential "gaps" left behind for the Financial Ombudsman Service (FOS) to fill when the British Business Resolution Service (BBRS) compensation scheme closes.
Hipgnosis says fund manager refuses to drop option to buy its songs January 23, 2024 Embattled Hipgnosis has said its investment adviser Merck Mercuriadis refused to drop the "call option" from their advisory agreement after "cherry picking" the music rights fund's best performing songs to sell to another fund he managed.
Crest Nicholson’s profit slumps over high-cost ‘legacy sites’ as potential £13m legal bill looms January 23, 2024 Crest Nicholson reported a slump in profits for 2023 amid runaway costs and has prepared for a possible legal bill of £13m over a 2021 fire, after the FTSE 100 housebuilder issued a profit warning last week.
HSBC chair meets Chinese vice president in effort to deepen ties: state media January 22, 2024 Chinese Vice President Han Zheng met with HSBC chair Mark Tucker in Beijing on Monday and urged the Asia-focused lender to deepen cooperation with the country, according to state media Xinhua.
Savings rates have biggest monthly drop since 2009 as banks bet on rebound January 22, 2024 Fixed savings rates have clocked their biggest monthly drop in nearly 15 years, new figures show, as banks slash deals to compete for business and stay optimistic on an economic rebound this year. The average one-year fixed bond fell for a third consecutive month to 4.87 per cent in January – the first time it [...]
Virgin Wines sees sales tick up despite ‘subdued’ consumer landscape January 22, 2024 Virgin Wines has reported that sales ticked up in the second half of 2023, despite a “subdued consumer economic landscape” which has weighed heavily on the sector's bottom line over the last year.
