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Secure Trust Bank: Jobs at risk as lender exits motor finance
By discontinuing new loans in its vehicle finance sector and gradually reducing its current portfolio, Secure Trust Bank aims to improve profitability but may face workforce reduct...
Read Full Article →Profit triples at SME lender Iwoca as loans near £1bn
Iwoca’s pre-tax profit increased significantly to £59.1 million in 2024, reflecting substantial growth in revenue and lending activity focused on small and medium-sized enterprises...
Read Full Article →Santander interested in TSB takeover
Santander's potential acquisition of TSB could reshape the competitive landscape of the UK banking sector, affecting market share and financial dynamics among key industry players.
Read Full Article →S&U shake off motor finance woes as verdict looms
The company demonstrated improved financial performance early in the year, reinforcing confidence in its ongoing recovery efforts despite previous challenges within the motor lendi...
Read Full Article →Banco Sabadell weighing sale of TSB Bank
Banco Sabadell is considering divesting its UK retail banking subsidiary following external inquiries, which could impact its financial structure and strategic positioning in the i...
Read Full Article →Natwest returns to private ownership
The government’s complete sale of its remaining shares in Natwest concludes its decades-long investment, signaling a shift in the bank’s ownership and ending public sector involvem...
Read Full Article →UK business confidence bounces back from Trump’s tariff blow
In May, UK companies showed increased optimism as market conditions improved following recent trade tensions, with a key business sentiment index rising significantly to its highes...
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 →Close Brothers shares drop as costs rise from motor finance threat
Close Brothers reported increased operational costs during the third quarter, with net expenses rising to £13.9 million, reflecting ongoing challenges linked to its motor finance a...
Read Full Article →Vanquis shares jump after recovery from complaints storm
Vanquis Banking Group’s stock increased notably as the company returned to a profitable position despite earlier challenges related to customer grievances this year.
Read Full Article →Standard Chartered shares downgraded after tariff bruising
Analysts lowered their valuation for Standard Chartered’s stock following recent challenges related to geopolitical trade issues, reflecting concerns about potential impacts on the...
Read Full Article →HSBC Asset Management’s sustainability boss to depart as sector pivots on ESG
The departure of HSBC Asset Management’s leading sustainability executive highlights potential shifts in the company's approach to responsible investing, which could impact investo...
Read Full Article →HSBC on hunt for new chair as Mark Tucker to retire by year-end
HSBC is seeking a successor for Mark Tucker, who will retire by the end of 2025, potentially impacting leadership and strategic direction during a period of significant financial o...
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