Finance News – U.K.
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Baby bank reports 'disturbing' rise in demand
The Market Rasen Baby Bank has experienced a significant increase in usage, indicating growing financial hardship among local families seeking assistance with essential baby suppli...
Read Full Article →Treasury to dispose of final shares in bailed-out NatWest Group
The government’s upcoming sale of its remaining NatWest Group shares marks the conclusion of a long-term financial intervention, impacting public finances and signaling a shift in...
Read Full Article →Starling’s profits drop 25% as bank takes blame for Covid loan losses
Starling Bank experienced a significant decline in annual earnings due to £28 million in loan losses linked to government-backed Covid support, which the CEO attributed to internal...
Read Full Article →Motor finance: How rough a ride are Close Brothers in for?
Close Brothers is facing financial pressure as increasing expenses and declining loan portfolios challenge its stability, while an important regulatory decision could significantly...
Read Full Article →Is HSBC turning its back on Europe?
Under Georges Elhedery’s leadership, HSBC initiated a major restructuring focused on streamlining operations and emphasizing growth in Asia-Pacific, which could impact its financia...
Read Full Article →UBS deploys AI analyst clones as clients opt for research in video form
A Zurich-based bank is utilizing artificial intelligence and video technology to produce digital representations of its specialists, aiming to enhance client engagement and potenti...
Read Full Article →UK must 'do everything' to rebuild trade with EU, says Bank boss
Restoring economic connections between the UK and the EU is considered important by financial leaders, as improved trade relations could positively impact the country’s overall eco...
Read Full Article →Even gen Z are resorting to cash - and I'm clinging to my own handful of it | Gaby Hinsliff
The shift toward a cashless economy raises concerns about accessibility for vulnerable populations, as many establishments increasingly reject cash payments, prompting some individ...
Read Full Article →Bank of America analysts slap ‘buy’ rating on Barclays shares
Bank of America analysts have reaffirmed their positive outlook on Barclays shares following a strong first-quarter performance, with the bank reporting a pre-tax profit that excee...
Read Full Article →UK mortgage lending at four-year high amid rush to avoid stamp duty rise
In March, UK mortgage borrowing surged by 290% due to a stamp duty rise, marking a four-year peak, while approvals for new home purchases declined for the third consecutive month.
Read Full Article →Labour to be handed ‘spying powers’ on bank accounts in Fraud Bill
The new legislation enhances the Department for Work and Pensions' capacity to directly reclaim funds from fraudulent bank accounts, raising concerns about privacy and government o...
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