Banking And Finance NEWS

BBA data reveals continued strength in UK mortgage market

Trade association for the UK banking sector, the British Bankers’ Association (BBA), recently released figures for high street banking in November 2015, which show that gross mortgage borrowing in the UK amounted to … Continue reading “BBA data reveals continued strength in UK mortgage market”


Starbucks coffee chain pays £8 million in tax to UK government

Coffee house chain Starbucks UK has achieved a significant rise in its pre-tax profits in the year to September 2015 and has paid more than GBP8m in tax in the past 12 months, … Continue reading “Starbucks coffee chain pays £8 million in tax to UK government”


Bank of England launches MREL consultation

Britain’s central bank, the Bank of England, revealed on Friday that it intends to carry out a consultation on its approach to setting a minimum requirement for own funds and eligible liabilities (MREL) … Continue reading “Bank of England launches MREL consultation”


RBS and and Standard Chartered struggle to pass Bank of England stress test

Seven of the UK’s largest financial service providers banks have been advised to set aside extra capital as a buffer against financial shock, following the latest stress testing by Britain’s central bank, the Bank … Continue reading “RBS and and Standard Chartered struggle to pass Bank of England stress test”


City watchdog imposes £72 million penalty on Barclays

Financial services company Barclays has been fined GBP72m by the UK’s Financial Conduct Authority (FCA) in relation to a risky GBP1.88bn transaction. The banking regulator reported on Thursday that it has fined Barclays … Continue reading “City watchdog imposes £72 million penalty on Barclays”


Bank of Scotland prepares to help farmers if EU agricultural subsidy is delayed this winter

Financial services provider Bank of Scotland, part of Lloyds Banking Group, declared on Monday that it is ready to help farmers with cashflow issues if there is any delay in receiving Basic Payment Scheme (BPS) payments, … Continue reading “Bank of Scotland prepares to help farmers if EU agricultural subsidy is delayed this winter”


Trussell Trust’s ‘More than Food Programme’ rolls out across the UK to provide free financial advice

Foodbank charity the Trussell Trust has announced that it will roll out its ‘More than Food Programme’ to 30 foodbanks across the UK, offering financial triage, debt and money advice to people struggling with their money management, thanks … Continue reading “Trussell Trust’s ‘More than Food Programme’ rolls out across the UK to provide free financial advice”


Bank of England’s Monetary Policy Committee votes to keeps UK Bank Rate at record low of 0.5%

Britain’s central bank, the Bank of England, announced on Thursday that its Monetary Policy Committee (MPC) has declared that the Bank Rate will be kept at a record low of 0.5% and will … Continue reading “Bank of England’s Monetary Policy Committee votes to keeps UK Bank Rate at record low of 0.5%”


UK government to sell remaining 12% stake in Lloyds

HM Treasury revealed on Monday that the UK government plans to divest the rest of its stake in Lloyds Banking Group, with the launch of a retail sale of Lloyds shares in spring … Continue reading “UK government to sell remaining 12% stake in Lloyds”


FCA plans deadline for PPI complaints

The Financial Conduct Authority (FCA), which is responsible for the conduct supervision of all UK regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA), announced on Friday … Continue reading “FCA plans deadline for PPI complaints”


Navigate Articles by Page ....

1 2 3 4 5 16