Wider package of reforms expected ‘as soon as parliamentary time allows’, says minister
UK FCA says lender’s ‘woeful systems and controls’ exposed struggling clients to risk of harm
New chief Georges Elhedery is working on restructuring that could save as much as $300mn
As the focus shifts from blaming customers to shutting down scammers, most victims will receive automatic refunds. But is it enough?
FCA says lender’s efforts to identify potential money laundering ‘did not keep pace’ with its growth
Tech group to roll out channel for sharing of transaction intelligence
Co-heads of British lender’s investment banking arm seek to reduce reliance on debt underwriting
New fraud rules will see some lenders dock customers’ compensation while others waive charges
Survey shows half of UK fraud victims gain at least a partial refund for their losses
Legal battle over how UK-based bank pays its dividend
UK-based bank has more than $3bn in exposure to defaulted commercial real estate loans in the territory
Lender agrees sale of asset manager to Oaktree in deal worth up to £200mn
Fintech’s short history includes leasing Archegos’s old offices and hiring a convicted fraudster
FCA warns it will take action against any lenders that flout rules to protect depositors
Sales include stakes in Commerzbank, NatWest, ABN Amro and Monte dei Paschi di Siena
Group was preparing for solvent exit had it not secured funding this summer
Taxation can affect banks’ ability to lend
Multi-brand outlets pledged by industry to City minister
Bank of England delays start date for revised framework by six months to beginning of 2026
Chancellor and BoE governor to hold meeting with bosses of leading lenders
Move would be a significant early step by chief executive Georges Elhedery
Start-up bank said in a July presentation it had to raise £18.5mn by the end of August
There is a trade-off between unleashing new challengers and accepting that errors will follow
Policymakers and police must work together on prevention while individuals should take more responsibility
Bank announces £42mn fundraising from investors led by holding company board member
