Banking

HSBC Holdings has confirmed Brendan Nelson as its permanent chairman, concluding a seven-month search to replace Mark Tucker. The appointment has surprised the market, coming just one day after CEO Georges Elhedery stated that Mr Nelson, 76, had expressed a desire not to commit to the role for the t

The Bank of England (BoE) has announced its first major loosening of banking regulations since the 2008 financial crisis, cutting the estimated capital UK lenders must hold. Following successful stress tests, the Financial Policy Committee (FPC) lowered the benchmark for tier one capital – the

Digital bank Monzo has unveiled a new scheme to "double the salary" of ten lucky customers every month. The initiative aims to incentivise users to switch their primary salary payments to the app-based bank, as it continues to compete aggressively with traditional high-street lenders.

The Royal Bank of Scotland and the Scottish Asian Business Chambers have announced a new partnership to support entrepreneurs from underrepresented communities to grow.

Liz Ziegler Around £2 million pounds in card chargebacks have been claimed back by Lloyds customers following a rise in dodgy websites, according to the latest data from the bank. 

Former UK Chancellor George Osborne has been named as a contender to become the next chairman of HSBC Holdings. 

Data from the latest Barclays Business Prosperity Index shows a picture of cautious activity in Q3, particularly amongst small and medium-sized businesses (SMEs) who are building savings buffers.

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