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Tag: banking
over 1 year ago
cityam.com

Slump in deal making nearly halves Goldman Sachs profits

A weaker deal making environment has nearly halved Wall Street investment bank Goldman Sachs’s profits. Net earnings ...

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over 1 year ago
cityam.com

Atom Bank set for first year of profit after three quarters in the black

Digital lender Atom Bank is on track to post its first full year of profits after revealing today it had spent three ...

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over 1 year ago
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City bombshell: Hundreds of angry Northern Rock clients sue TSB Bank for £800m after being trappe...

City A.M. was told this morning that TSB Bank is facing a legal action worth up to £800m, brought by customers who cl...

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over 1 year ago
cityam.com

UK banks ramp up lending after Covid-19 support cliff edge

UK banks are ramping up lending, marking the end of a loan drought after government Covid-19 support schemes were dit...

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over 1 year ago
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War for talent swells new starter City pay packets

Pay packets in the Square Mile are bulging as banks, insurers and brokers try to outbid each other to lure top talent...

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over 1 year ago
cityam.com

Stock market volatility stems profit slide at Morgan Stanley

Strong trading activity driven by investors navigating choppy financial markets stemmed a profit slide at Wall Street...

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over 1 year ago
cityam.com

Return of loan loss reserves crimp JP Morgan profits

Swelling reserves set aside to deal with a historic inflation surge raising the risk of US consumers defaulting on th...

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over 1 year ago
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Barclays on the hunt for Chinese banking partner to enter $4.3tn asset management market

Barclays is on the hunt for a Chinese Banking partner as it looks to grow its footprint into the Chinese asset manage...

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over 1 year ago
cityam.com

ECB president Christine Lagarde gets fake text messages from former German chancellor Angela Merkel

The European Central Bank revealed this afternoon that its president Christine Lagarde was targeted in an attempted c...

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over 1 year ago
cityam.com

City watchdog tells banks to treat small businesses 'fairly' during cost-of-living crunch

The UK’s financial watchdog has told Britain’s top banks to improve their treatment of struggling small business owne...

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over 1 year ago
cityam.com

Exclusive: Political turmoil causing 'uncertainty' and jeopardising rules reform, Starling boss w...

The chief of digital bank Starling warned that political volatility was causing "uncertainty" for businesses today as...

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over 1 year ago
cityam.com

Revolut executive resigns amid growing tensions with regulator

One of Revolut’s top regulatory chiefs has stepped down from her role just weeks after boss Nikolay Storonsky critici...

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over 1 year ago
cityam.com

Top Hong Kong official to take over as FCA chair

The Financial Conduct Authority has announced today that one of Hong Kong’s top financial officials will take over as...

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over 1 year ago
cityam.com

Beleaguered Amigo Loans say it has 'learnt the lessons of the past' as it gears up for lending

`The boss of beleaguered lender Amigo said it had “learnt the lessons of the past” today as it looks to resume lendin...

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over 1 year ago
cityam.com

HSBC responsible investment chief quits over climate comments controversy

The global head of responsible investing at HSBC Asset Management revealed he had resigned today after sparking a fur...

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over 1 year ago
cityam.com

Peel Hunt revenues slump to £22.8m as IPO slowdown hits

Investment bank Peel Hunt said a slump in the IPO market was weighing on performance today as revenues hit £22.8m in ...

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over 1 year ago
cityam.com

80 per cent of ALL Brits have less than £500 in their account as Lloyds chief warns army of peopl...

The number of customers with persistent debt problems has jumped by almost a third as the cost-of-living crisis bites...

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over 1 year ago
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M&G snaps up major stake in non-bank lender Finance Ireland

M&G snapped up a 41 per cent stake in Finance Ireland, Ireland’s largest non-bank lender, as the international saving...

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over 1 year ago
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Bank of England orders lenders to strengthen reserves amid ‘deteriorating’ economy

The Bank of England today ordered lenders to build up more reserves so they can withstand further economic shocks. Th...

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over 1 year ago
cityam.com

UK Finance chair Bob Wigley: We need to create 'reasons for banks to be in London'

Bob Wigley, a seasoned City veteran, knows a thing or two about banking. He has chaired UK Finance, the British banki...

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over 1 year ago
cityam.com

UK banks’ profits surge past French rivals for first time since before Brexit vote

Profits at Britain’s banks have topped their French counterparts for the first time since before the Brexit vote, rev...

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over 1 year ago
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UK Infrastructure Bank kicks off with £5bn war chest as first loan investments are handed out

The National Audit Office (NAO) revealed this morning that the new UK Infrastructure Bank has a pipeline of future de...

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over 1 year ago
cityam.com

'Principle driven' approach is slowing down regulators, Revolut boss says

The boss of fintech giant Revolut said UK regulators were bogged down by a “principle driven” approach today as he ca...

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over 1 year ago
cityam.com

Recruitment guru Paul Farrer warns employers half of ALL Brits are currently looking for a new job

Sixty per cent of all workers are currently looking for a new job, with as many as just under half of them searching ...

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over 1 year ago
cityam.com

Brexit: City minister says UK changes to EU financial services rules is not 'race to the bottom'

The UK's changes to the EU's catalogue of financial services rules will not become a "race to the bottom", City minis...

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over 1 year ago
cityam.com

Scammers make off with £1.3bn amid surge in sophisticated fraud

Scammers made off with over £1.3bn last year after a surge in sophisticated fraud schemes targeting UK bank customers...

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almost 2 years ago
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Russia defaults on international debts after being cut out of financial system by Western sanctions

Russia yesterday defaulted on its international debts for the first time since the Bolshevik revolution after being u...

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almost 2 years ago
cityam.com

Subprime lender Amigo Loans launches new loan product after learning from 'mistakes of the past'

Subprime lender Amigo Loans is set to launch a new guarantor loan product for "underserved" customers, after resolvin...

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almost 2 years ago
cityam.com

Credit Suisse becomes first Swiss bank to be convicted in Switzerland's own courts

Credit Suisse has become the first of Switzerland’s domestic banks to be convicted of a corporate crime in any of the...

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almost 2 years ago
cityam.com

City exclusive: Fear and uncertainty present opportunities in credit markets, argues fund grandee

War in Europe, a supply-chain squeeze, and the shift to monetary tightening have created fresh uncertainty in credit ...

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almost 2 years ago
cityam.com

Martin Gilbert calls on City to champion older workers

Asset management veteran Martin Gilbert has called on City firms to champion older workers amid a slide in the amount...

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almost 2 years ago
cityam.com

City watchdog FCA launches tax evasion probe into billionaire founder of fintech giant Wise

The money transfer giant Wise revealed this morning that the FCA has launched a probe into its billionaire co-founder...

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almost 2 years ago
cityam.com

Interest rate hikes could trigger chain of bankruptcies in shadow banks

Interest rate hikes from central banks across the globe could trigger a chain of bankruptcies in the global “shadow b...

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almost 2 years ago
cityam.com

Barclays makes major lending push with £2.3bn deal for Kensington Mortgage Company

In a major push to broaden its lending offering, banking giant Barclays said this morning it has agreed a deal worth ...

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almost 2 years ago
cityam.com

Exclusive: Sunak to unveil plan to slash EU financial services rules in Mansion House speech

Rishi Sunak will unveil his plan to slash EU financial services regulations in a major set piece Mansion House speech...

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almost 2 years ago
cityam.com

City watchdog hits Ghana International Bank with £5.8m fine over money laundering failures

The UK’s financial watchdog has fined Ghana International Bank £5.8m over its poor anti-money laundering and counter-...

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almost 2 years ago
cityam.com

Rayner demands records of PM's meetings over bankers' bonus cap

Deputy Labour leader Angela Rayner has demanded Boris Johnson’s office release all details of meetings he has held to...

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almost 2 years ago
cityam.com

HSBC pumps £250m into new lending fund for high-growth UK tech companies

HSBC UK has unveiled a new £250m growth lending fund for high growth tech businesses today as it looks to meet a gove...

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almost 2 years ago
cityam.com

Ministers plan to slash curbs on City bosses' pay amid cost of living crunch

Ministers are planning to slash red tape over City bosses’ pay in a bid to attract more firms to the UK in the wake o...

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