Finance News – U.K.
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World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds
In 2024, leading global financial institutions substantially raised their monetary support to companies in the coal, oil, and gas sectors, increasing total investments by over $160...
Read Full Article →Letting banks loose is back on the agenda as UK politicians chase growth at any cost
UK policymakers increasingly prioritize expanding financial sector freedoms to stimulate economic growth, hoping that a more active banking industry will boost overall wealth despi...
Read Full Article →Will fintech banks survive falling interest rates?
The recent increase in interest rates significantly boosted the earnings of digital banking firms, enabling them to achieve substantial revenue growth and move closer to sustained...
Read Full Article →EU calls for lower price cap on Russian oil in move to tighten sanctions
Reducing the allowable sale price of Russian oil is intended to limit revenue streams to Russia, potentially weakening its financial capacity while reinforcing broader sanctions in...
Read Full Article →China bans banks from luring customers with popular Labubu dolls
China’s latest regulatory measures restricting promotional offers by banks aim to curb risky marketing tactics as financial institutions face shrinking profit margins due to decrea...
Read Full Article →UK taxpayers no longer own NatWest - but 17 years on, are banks safer from collapse?
After the government fully divested from NatWest following the financial crisis, questions remain about whether the banking sector has improved its resilience against potential fut...
Read Full Article →Nationwide hands customers billions as FTSE 100 banks up shareholder payouts
In 2024, Nationwide distributed £2.8 billion to customers via enhanced savings and loan rewards, while major FTSE 100 banks allocated surplus capital towards increased dividends fo...
Read Full Article →How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal
The revival of loans connected to a major tech acquisition, influenced by political events, eased financial pressures that initially posed significant risks to banking institutions...
Read Full Article →About £1bn in car loan compensation at risk because data deleted, lawyers warn
Lawyers caution that routine data deletion by lenders could jeopardize compensation claims worth around £1 billion for consumers affected by previously inflated car loan costs.
Read Full Article →Wall Street vs private equity: can anyone stop the grad recruitment creep?
The competition between financial institutions and private equity firms for new graduates significantly impacts hiring costs, employee expectations, and overall talent availability...
Read Full Article →AA owners line up banks to steer path towards £4.5bn exit
The proprietors of the UK's largest breakdown service are engaging financial institutions to facilitate a potential sale or public offering that might exceed a valuation of £4 bill...
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