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...
Read Full Article →The Guardian view on billionaire Britain: tax wealth fairly or face democratic unravelling | Editori...
The growing concentration of wealth among Britain’s richest families highlights concerns about economic imbalance, as the financial gains of a few increasingly surpass those of a l...
Read Full Article →Natwest and Lloyds to cash in as Reeves hints at ring-fencing reform
Changes to the current banking regulations could allow major financial institutions to integrate certain operations, potentially increasing profitability and altering risk manageme...
Read Full Article →Does Moody’s US downgrade matter?
A single-notch credit rating reduction by Moody’s can influence investor confidence, affect borrowing costs for financial institutions, and shape economic policy decisions at the f...
Read Full Article →Cash Isas: ministers sound out City bosses on cutting £20,000 tax-free allowance
Reducing the current £20,000 exemption on tax-free savings could influence investment patterns and impact the performance of domestic equities, while eliciting mixed reactions from...
Read Full Article →Princes Foods-owner picks banks for £700m London listing
The company behind several well-known British food products has engaged financial institutions to facilitate its planned initial public offering in London, aiming to raise substant...
Read Full Article →Sofas and season tickets: Inside the world of retail finance
The growth of consumer finance in early 2025 highlights opportunities for niche lenders to expand their market presence as traditional banks reduce involvement in retail credit.
Read Full Article →Mortgages rates set to fall after Bank of England interest rate cut
The recent reduction in central bank interest rates is expected to lead to decreased borrowing costs, potentially making home loans more accessible and improving affordability for...
Read Full Article →Why studying economics is so important | Letters
Understanding economic principles is crucial for interpreting market behaviors and policy impacts, as financial decisions are often driven more by confidence and context than by is...
Read Full Article →Coinbase agrees to buy Deribit for $2.9bn in digital market’s biggest deal
The acquisition is expected to enhance Coinbase's position in the digital asset market, potentially attracting increased interest and investment from institutional clients such as...
Read Full Article →What the Bank of England’s interest rate cut means for your mortgage
The recent reduction in the central bank’s borrowing costs is likely to influence mortgage lenders to adjust loan rates, potentially affecting monthly payments and refinancing opti...
Read Full Article →Banks called on to slash mortgage borrowing costs
The regulatory body is encouraging lenders to adjust mortgage policies in order to lower borrowing expenses, potentially making home loans more affordable and increasing accessibil...
Read Full Article →UK ministers to meet bank bosses over lending to small businesses
Government officials plan to engage with major financial institutions to address challenges faced by smaller enterprises in obtaining necessary investment capital, aiming to stimul...
Read Full Article →UK banks put £75bn into firms building climate-wrecking ‘carbon bombs’, study finds
A recent study reveals that nine major banks in the City of London have invested over £75 billion in companies developing large fossil fuel projects that threaten global climate ta...
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