Banking

Lloyds Banking Group has posted a 33% rise in statutory profit before tax to £2.0 billion, for the first quarter of 2026, but has shared concerns over the economic impact of the Middle East conflict. The Bank of Scotland-owner's Q1 growth was underpinned by an 8% rise in underlying net interes

Royal Bank of Scotland-owner NatWest Group's annual general meeting in Edinburgh was thrown into disarray after protesters disrupted proceedings for approximately half an hour, forcing the bank to temporarily halt its shareholder meeting. As chairman Rick Haythornthwaite was delivering his opening s

A Nationwide customer could join the building society's board for the first time in nearly a quarter of a century, after a longstanding member secured enough support to appear on the lender's annual ballot. James Sherwin-Smith, a 45-year-old from West Sussex, will stand for election at Nationwide's

Barclays shares fell more than 3% in early trading on Tuesday despite the banking group posting a solid set of first-quarter results, as a record-breaking performance from its investment bank was partly overshadowed by a £228 million hit from the collapse of mortgage lender Market Financial So

Edinburgh-headquartered Hampden Bank has broken through the £1 billion deposits milestone, with client deposits rising 13% to £1.12bn in the financial year to 31 December 2025. Loans and advances also grew, climbing more than 9% to £640 million, whilst total income increased to &po

The Financial Conduct Authority (FCA) has revealed the second group of firms selected to participate in its AI Live Testing initiative, with eight companies, including Barclays, Experian, Lloyds Banking Group (Scottish Widows), and UBS, chosen to trial AI applications in real-world conditions.

JP Morgan has strengthened its UK retail banking operation by poaching Kunal Malani from Monzo, where he has served as chief banking officer since 2020. Mr Malani, a seasoned retail banker whose career includes stints at Barclays and HSBC, will now lead Chase UK, the Wall Street giant's digital bank

Chancellor Rachel Reeves is convening a summit with the heads of UK banks this Wednesday to address the economic fallout from the war in Iran. The Chancellor has invited executives from Barclays, HSBC, Lloyds, NatWest, Santander UK and Nationwide to the meeting, which will include figures such as Na

Anthropic is set to release its Mythos cybersecurity product to UK financial institutions within the coming week, following a period of intense regulatory engagement on both sides of the Atlantic.

Financial regulators and top UK banks are holding urgent talks over cybersecurity risks posed by Claude Mythos Preview, a new AI model from Anthropic capable of detecting vulnerabilities in critical systems that have gone undetected for decades. Officials from the Bank of England, the Financial Cond

Lloyds Banking Group has become what is believed to be the first FTSE 100 company to deploy a specialist artificial intelligence "board bot" in its boardroom, as the 260-year-old bank accelerates its transformation into what it describes as "the UK's biggest fintech". Executives and board members ha

A new joint report from Forbes and market research firm Statista has named Nationwide Building Society as the UK's top banking institution. The report, which surveyed over 54,000 people across 34 countries in 17 languages between October and November 2025, assessed institutions on five key criteria:

Lloyds Banking Group has completed the first-known experiment into how quantum computing could help to identify money mules, marking a major step in building the skills and technology needed to tackle economic crime in the future. Lloyds Banking Group conducted an experiment that focused on money mu

Revolut has delivered a landmark set of financial results, posting record gross profit of $2.3 billion (c. £1.7bn) for 2025 as the London-headquartered fintech giant continued its ascent.

HSBC is reportedly considering cutting up to 20,000 jobs globally as part of a medium-term restructuring plan that would see the bank lean heavily on artificial intelligence to reduce its headcount. According to Bloomberg, chief executive Georges Elhedery is exploring the use of AI to streamline bac