Banking

NatWest Group is on the verge of returning to full private ownership for the first time in nearly 17 years, following a significant reduction in the UK government's shareholding. The Treasury has recently sold a further tranche of shares, decreasing its stake from 1.98% to just 0.9%.

NatWest Group posted a strong start to the year, with first-quarter operating profits before tax jumping 36% to £1.8 billion, significantly beating analyst expectations. This performance was driven by increased deposits and mortgage lending, the latter boosted by buyers finalising purchases be

HSBC has announced that its group chairman, Sir Mark Tucker, will retire before the end of 2025, concluding an eight-year tenure that began in October 2017. During his leadership, HSBC navigated significant global challenges, including the Covid-19 pandemic, rising living costs, and increased US-Chi

Lloyds Banking Group has reported a 7% fall in pre-tax profits to £1.52 billion for the first quarter, despite a 4% increase in net income to £4.39bn. The decline was primarily driven by higher costs and increased impairment charges for potential bad debts.

Barclays reported a strong start to 2025, with first-quarter pre-tax profits reaching £2.7 billion, comfortably exceeding analyst expectations of £2.5bn. The bank's shares rose over 1.5% following the announcement, but have since retraced during the day's trading.

HSBC reported first-quarter financial results for 2025 that surpassed analyst expectations, despite showing year-on-year declines primarily due to the impact of prior-year business disposals. Alongside the results, HSBC unveiled plans for a new share buyback programme of up to $3 billion (c. £

The Bank of Lithuania has imposed a €3.5 million (c. £3m) fine on Revolut for deficiencies in its anti-money laundering (AML) processes, marking the UK-founded fintech's largest financial penalty to date. The Lithuanian central bank, which oversees Revolut's European banking operations al

Lloyds Banking Group has announced it is strategically enhancing its artificial intelligence (AI) capabilities by training 200 senior leaders through an intensive 80-hour programme – "Leading with AI". Delivered in partnership with training provider Cambridge Spark and experts from Cambridge U

Hampden Bank has announced strong growth in its 2024 annual results, alongside significant expansion plans and the retirement of its chair, Simon Miller. The Edinburgh-headquartered bank saw double-digit increases in both deposits and lending. Deposits grew by 16% year-on-year to £991 million,

As part of HSBC's stringent cost-cutting strategy under chief executive Georges Elhedery, the bank has dismissed London-based investment bankers on their bonus announcement day, with many receiving no payout. The move, following the bank's January decision to shutter its mergers and acquisitions and

Private bank Hampden has relocated its Edinburgh headquarters and rebranded from Hampden & Co to Hampden Bank. The bank has moved from 9 Charlotte Square in Edinburgh, where it opened in 2015, to a newly developed double-townhouse office at 20 and 21 Charlotte Square, the iconic square that is p

The Cumberland Building Society has broadened its commercial offering to include professional services. This expansion, underpinned by the building society's "kinder banking" philosophy, aims to assist businesses across Scotland and the North of England.

Barclays customers are experiencing further disruption as the bank's app suffered a new outage on Sunday 8 March, preventing fund transfers and payments. Reports of the problems surfaced around 7am, with a sharp increase in reported outages on Down Detector. Customers have complained of being unable

The UK government has relinquished its position as RBS-owner NatWest Group's largest shareholder, with its stake falling below 6% on Friday. This marks a significant milestone in the bank's journey back to full private ownership, more than 16 years after its taxpayer-funded bailout during the 2008 f

HM Revenue & Customs (HMRC) is set to replace Barclays with Bank of Scotland-owner Lloyds Banking Group in a significant government banking contract, ending a ten-year agreement. The move, worth £99 million to Lloyds, comes as HMRC awards a new £334m, 12-year contract to a consortium