The Latest Breaking News on Financial Services

Tesco 'admits defeat' as it sells bank arm to Barclays in £700m deal

Tesco has sold its banking arm to Barclays in a £700 million deal that signals a wider retreat from financial services by the big UK grocers.

Evening Standard · Feb 9, 2024

Nationwide’s Dominic West ad prompts complaint from rival

Watchdog receives complaint, reportedly from Santander UK, that advert paints misleading picture of bank branch closures

The Guardian - UK · Feb 8, 2024

Buy or Sell These 3 Bank Stocks?

Prolonged exposure to high-interest rates, risk of defaults on commercial real estate loans, elevated deposit costs, diminished credit demand, and stringent lending standards are expected to pile more pressure on U.S. banks. Considering these factors, should investors consider investing in foreign bank stocks Banco Santander (SAN), Akbank (AKBTY), and First…

StockNews.com · Feb 8, 2024

3 Bank Stocks to Buy for Security

The banking industry is poised to remain buoyed amid rising interest rates, considerably improving its revenue generation. To that end, fundamentally robust foreign bank stocks Banco Macro S.A. (BMA), Barclays PLC (BCS), and Deutsche Bank Aktiengesellschaft (DB) could be solid buys now. Read on….

StockNews.com · Feb 6, 2024

UBS aims for higher cost cuts increasing City job fears at Credit Suisse

UBS dramatically increased the cost cuts it expects to make from merging with Credit Suisse today, increasing fears that City job losses will be even worse than first planned.

Evening Standard · Feb 6, 2024

Mortgage market finally returning to pre-pandemic levels, Virgin Money says

According to Bank of England data, monthly mortgage approvals have remained between 10% and 20% below 2019 levels ever since the mini-Budget

Evening Standard · Feb 6, 2024

FNB settles redlining case in North Carolina, Pennsylvania lender involved

FNB, a lender based in Pennsylvania, has reached a settlement in a redlining case in North Carolina with the US government. Find out more here.

Top News · Feb 5, 2024

First National Bank of Pennsylvania Settles Redlining Lawsuit

Learn about the recent redlining settlement involving First National Bank of Pennsylvania, accused of discriminating against Black and Latino homebuyers in...

Top News · Feb 5, 2024

Big banks up mortgage rates -- unless you are a first time buyer

HSBC and the Halifax today increased the cost of mortgages, despite a widespread expectation that the Bank of England will cut interest rates before the year is out – perhaps as early as the summer.

Evening Standard · Feb 5, 2024

CMC to cull 200 as fears mount of City jobs axe

Growing fears of a mass City jobs cull rose today when spread betting house CMC Markets said it would axe 200 jobs -- 17% of its headcount. Replicated across the Square Mile that would be tens of thousands of jobs.

Evening Standard · Feb 5, 2024