Cynergy Bank chief urges struggling SMEs to ‘de-risk’ current accounts January 18, 2024 The boss of challenger Cynergy Bank has said small firms are letting too much money languish in no-interest current accounts, as it launches a new offering that puts it in more direct competition with Britain’s major lenders. Chief executive Nick Fahy told CityAM that small and medium-sized enterprises (SMEs) are increasingly struggling to afford [...]
FTSE 100 suffers worst day in five months after inflation surprise dampens rate cut bets January 17, 2024 London’s FTSE 100 has clocked its worst day in five months after new figures showed a surprise uptick in inflation at the end of last year.
January 17, 2024 Dozens of women have told MPs that the City's financial services sector remains an "old boys club" with inadequate systems for reporting sexual harassment, as part of the Treasury watchdog's investigation into sexism in the Square Mile.
Revolut sued for closing account of late Russian oligarch’s son-in-law January 17, 2024 The son-in-law of a late Russian oligarch is mounting legal action against fintech Revolut for "unlawfully" closing his account, the High Court has heard.
Surprise inflation uptick poses new challenge in mortgage price war January 17, 2024 Mortgage rates continue to edge downwards as almost 50 lenders have offered new deals since the start of the year, although brokers warn that a surprise increase in inflation could buck this trend.
Lloyds and Close Brothers shares drop as FCA motor finance review looms January 17, 2024 Shares in Lloyds Bank and Close Brothers extended losses on Wednesday as investors digest a surprise increase in inflation and analysts estimate the two firms could be rocked by a City watchdog review into motor finance.
Banks rush to invest in new tech to combat rise in AI-driven fraud January 17, 2024 Banks are rushing to invest in new technology to combat rising levels of fraud as artificial intelligence unlocks new ways to create and perpetuate scams.
Morgan Stanley: Profit hit by $500m in one-time charges but investment bank shines January 16, 2024 Morgan Stanley's profit missed analysts' estimates in the fourth quarter as it was hit by more than $500m (£395m) in one-time charges which offset a stronger performance from its flagship investment bank.
Are you one of the Brits missing out on £6.9bn of savings interest? January 16, 2024 Britons lost out on an estimated £6.9bn in interest from savings accounts last year, new research shows, as personal finance experts urge consumers to be more proactive.
The day the music sort of died: Nightclub giant Rekom calls in the administrators January 15, 2024 Rekom, the UK's biggest nightclub firm, is planning to call in administrators just three years after being rescued for a major restructuring that could see a number of venues permanently close.
