Banking

Nationwide has committed to keeping all 696 of its branches open until at least 2030, extending its existing "Branch Promise" by an additional two years. The guarantee includes all newly acquired Virgin Money locations, even those situated near existing Nationwide sites.

Senior executives from HSBC and Barclays have warned Westminster that UK banks are being put at a significant disadvantage by "onerous" capital rules, losing ground to Wall Street rivals and the fast-growing private credit sector. Speaking to the House of Lords financial services regulation committe

Over one million current account switches have taken place in the last year, with consumers increasingly drawn to superior mobile banking apps and better interest rates.

Based on its third-quarter results, Standard Chartered PLC has upgraded its full-year outlook after a strong performance driven by its wealth and global banking divisions. For the three months ending 30 September 2025, the bank reported an underlying operating income of $5.1 billion (c. £3.9bn

HSBC has reported a 14% fall in third-quarter pre-tax profit to $7.3 billion (c. £5.5bn), a figure significantly impacted by legal provisions and impairment charges. However, the bank emphasised its underlying performance, with profits excluding these notable items rising by 3% to $9.1bn (c. &

NatWest Group has reported strong third-quarter results for 2025, with operating profit before tax having risen 30% year-on-year to £2.2 billion, significantly ahead of the £1.83bn consensus estimate – comfortably beating analyst expectations. The performance was driven by robust l

Lloyds Banking Group has reported a sharp fall in third-quarter profits after setting aside a substantial provision to cover potential costs from a probe into motor finance commissions. Pre-tax profit for the third quarter fell by 36% to £1.17 billion, though this surpassed analyst expectation

Fintech giant Revolut is reportedly facing further delays in securing its full UK banking licence due to regulatory concerns over its cross-border payment controls. After a three-year process, the company received initial approval last year and entered a 'mobilisation' phase. During this restricted

Mike Regnier, the chief executive of Santander UK, is set to step down by the first quarter of 2026.

Bank of Scotland-owner Lloyds Banking Group has announced it will close a further 13 Scottish branches. The closures, part of a broader 49 closures across the UK, are scheduled to take place between January and October 2026.

Bank of Scotland-owner Lloyds Banking Group is set to overhaul its employee performance management, a move that places thousands of staff at risk of dismissal. The new strategy will identify the bank's lowest-performing 5% of its 63,000-strong workforce, approximately 3,000 people. Those identified

The UK banking sector is on the verge of a significant transformation, with a planned £1.8 billion investment in generative AI by 2030 set to put 27,000 jobs, 10% of the industry's workforce, at risk.

Unity Trust Bank, award-winning UK social impact bank, has continued to deliver positive impact where it matters with its half-year results showing a record level of lending going into areas of high deprivation.

Millions of motorists could receive compensation under a redress scheme announced by the Financial Conduct Authority (FCA) following widespread mis-selling in the car finance market. However, most people are expected to receive less than £950, and payments will not begin until next year.

A new report from KPMG has found that the UK domestic retail and commercial banking sector is entering a period of declining profitability driven by margin compression and rising cost pressures. The State of the Banks 2025 report reveals that UK banks are under growing pressure to adapt their busine