The Latest Breaking News on Financial Services

Will Bank of England have to step in again to mop up market mess?

Bond buy-up seems to have been a sound bet, but ending intervention after two weeks is more of a gamble

The Guardian - UK · Oct 14, 2022

Bankers’ bonuses double since 2008 crash, TUC study finds

There is ‘no justification for lifting the cap’ on bonuses, said general secretary Frances O’Grady

The Guardian - UK · Oct 14, 2022

Bankers’ bonuses have risen twice as fast as wages since 2008 crash

Government ‘lining pockets of financiers’ while holding down pay for key workers, says TUC

The Independent UK · Oct 13, 2022

NatWest to close another 43 branches across UK

Move follows axing of 32 in February as ‘most of our customers are shifting to mobile and online banking’

The Guardian - UK · Oct 13, 2022

‘Desperate’ Liz Truss set to U-turn on corporation tax this weekend

‘Don’t prolong the pain’: IMF suggests government should accept swift climbdown

The Independent UK · Oct 13, 2022

Bank of England warns mortgage defaults to rise in months ahead

Survey of lenders paints gloomy picture of new deals drying up and end to ‘golden era’ of cheap mortgages

The Guardian - UK · Oct 13, 2022

NatWest closures: The 43 bank branches set to shut across the UK as Ayr among the casualties

The firm is making wide-ranging cuts to its estate heading into the new year.

Daily Record · Oct 13, 2022

NatWest announces closure of 43 banks across UK - full list of locations

Check the full list of branch closures across the country

Manchester Evening News · Oct 13, 2022

Glasgow NatWest bank branch to shut as part of nationwide closures

NatWest has announced that it will be shutting 43 of its branches across the UK, including ones in Glasgow, Edinburgh, and Aberdeen, as part of its transition to online banking

Glasgow Live · Oct 13, 2022

World Bank preparing to disburse another $530 million to Ukraine-Malpass

World Bank President David Malpass said on Thursday that the lender is preparing to disburse another $530 million to Ukraine by the end of October, financing enabled by guarantees from Britain and Denmark that brings total World Bank disbursements to the war-torn country to about $11 billion this year.

Reuters · Oct 13, 2022