British banks have been accused of “profiteering” as millions of Britons struggle to get by during the cost-of-living crisis. As a result, the Financial Conduct Authority (FCA) has summoned the four big banks for a meeting on Thursday over their conduct. Appearing to support such allegations, » Read More
An award-winning bank has reaped the rewards of continuing to lend to British businesses throughout the pandemic by reporting its first profit. When other lenders pressed pause on plans to… The post Backing British business pays as Redwood Bank announces first profit appeared first on London Business News | Londonlovesbusiness.com.
The total value of lending to UK businesses has risen by £12bn to £533bn in the nine months to end May 2022 as banks increase their lending following a sharp… The post Value of total bank lending to UK businesses jumps £12bn in nine months following loans ‘drought’ appeared first on London Business News |…
A review by the Financial Conduct Authority (FCA), conducted over 2021, has raised concerns over the financial crime controls of challenger banks, finding a rise in the number of Suspicious… The post FCA highlights financial crime concerns to Challenger Banks appeared first on London Business News | Londonlovesbusiness.com.
Banking giant Barclays are to pay more than 35,000 customer-facing and junior employees a £1,200 pay rise to help them with the cost of living. The pay rise to their… The post ‘This is a victory for Unite’ as Barclays to pay more than 35,000 workers £1,200 to help with the cost of living crisis…
Reduced regulation around banking activities creates shareholder value and positive stock returns, new research from Nyenrode Business University and Erasmus School of Economics reveals. Dr. Michael Erkens, Professor of Corporate… The post Reduced regulation around banking activities creates shareholder value and positive stock returns appeared first on London Business News | Londonlovesbusiness.com.
Almost nine-in-ten UK banks or financial services organisations (89%) have lost out on green trade finance opportunities, compared with only 56% in Switzerland, new research reveals. With pressure from governments… The post UK trade banks 33% more likely to lose out on green trade finance opportunities than Swiss rivals appeared first on London Business News…
The Cumberland Building Society is embarking on major investment as it promises to offer banking services that are “kinder to people and planet”. The pledge comes in the society’s annual… The post Cumberland steps up investment and commits to ‘kinder banking’ appeared first on London Business News | Londonlovesbusiness.com.
The UK’s eight biggest banks have all passed a Bank of England test that show they could fail without hurting taxpayers or customers, although shareholders would be first in line… The post UK banks pass key test appeared first on London Business News | Londonlovesbusiness.com.
More UK small and medium-sized businesses (SMEs) will be able to get their invoices paid instantly, better manage their cashflow and improve their overall creditworthiness. The innovation has been made… The post New open banking-powered invoice financing service launched to support businesses during tough economic times appeared first on London Business News | Londonlovesbusiness.com.
