UK bosses much more optimistic about 2024 than last year, PwC survey suggests January 15, 2024 PwC's annual global CEO survey showed that 39 per cent of UK bosses expect the economy to improve in 2024, up from just nine per cent last year.
Will Jane Fraser’s bold plan to overhaul Citigroup work? January 15, 2024 Citigroup, the US’ third-largest bank by assets, is eyeing a rebound in 2024 with a major restructuring under Scottish chief executive Jane Fraser.
UK banks could face major losses over FCA motor finance review January 15, 2024 UK banks could be on the hook for billions in compensation, according to analysts, after the City watchdog announced a review into unfair costs on discretionary car finance commissions.
City job vacancies dropped nearly 40 per cent in 2023 as firms reverse post-pandemic overhiring January 15, 2024 Job openings and jobseekers in the City's financial services sector have fallen back to pre-pandemic levels, according to new data, as firms respond to high costs and overhiring.
Consumers urged to consider switching as nearly £400bn languishes in low-interest accounts January 11, 2024 Britons are keeping nearly £400bn in current and savings accounts earning just one per cent interest or less, according to new research, as savers are urged to shop around for the best deals.
UK government rejects calls for banks to pre-fund multibillion-pound deposit guarantee scheme January 11, 2024 The government has confirmed that it does not want British banks to imminently pay billions into a deposit insurance guarantee scheme designed to reduce the burden on taxpayers if lenders fail.
Mortgage rates are falling — how low could they go in 2024? January 11, 2024 More than 30 British lenders have slashed their home loan prices in the last two weeks as 2024 kicks off with a mortgage price war.
Former boss of Gupta-linked Wyelands Bank fined over breaches of senior manager rules January 11, 2024 The main banking watchdog has fined Iain Mark Hunter, former chief executive of wound-down Wyelands Bank, £118,808 for “material breaches” of senior manager rules, including how the lender handled ties to steel tycoon Sanjay Gupta. The Bank of England’s Prudential Regulation Authority (PRA) found that between 7 March 2016 and 28 May 2020 Hunter breached conduct [...]
Storage giant Big Yellow bumps up rents to offset higher interest rates January 11, 2024 Self storage firm Big Yellow has said its revenues bumped up in the third quarter as it saw a pick-up in its reservations book.
Taylor Wimpey bemoans planning delays as it pulls back housebuilding numbers January 11, 2024 Housebuilder Taylor Wimpey has said it expects full-year operating profit to come in at the top end of its guidance range.
