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Relaxed mortgage rules could increase first-time buyer deals by a quarter
Easing lending criteria may enable a significant rise in new home purchases by individuals entering the property market, potentially boosting overall mortgage activity and impactin...
Read Full Article →U.S. banks tiptoe toward crypto, awaiting more green lights from regulators
Major financial institutions in the United States are cautiously exploring opportunities in the cryptocurrency market while closely monitoring regulatory developments before commit...
Read Full Article →Liberty Steel’s South Yorkshire operations lost £340m in four years
Over a recent four-year period, the South Yorkshire steelworks owned by Sanjeev Gupta experienced substantial financial losses, highlighting severe operational challenges ahead of...
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 →Do I need to contact my bank after the rate cut? Here's what you need to know
The recent reduction in interest rates by major banks affects mortgage repayments and savings returns, prompting individuals to evaluate whether contacting their financial institut...
Read Full Article →FTSE 100 banks Lloyds and Natwest set to profit despite lower interest rates
Despite multiple recent reductions in the benchmark rate, major financial institutions like Lloyds and Natwest are expected to maintain strong earnings through stable net interest...
Read Full Article →These cannabis-sector stocks aren’t typical yield plays. Why they’re worth the risk.
Investors may find cannabis-sector lenders appealing due to their potential for higher dividend returns, despite the inherent risks associated with this emerging and volatile marke...
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 →WeightWatchers files for bankruptcy in a bid to cut its debt
The company facing persistent financial challenges disclosed intentions to initiate bankruptcy proceedings to restructure its obligations and collaborate with creditors in an effor...
Read Full Article →FTSE 100 lenders cash in on market turmoil but provisions climb
Major UK banks experienced increased trading revenues due to market volatility, boosting short-term profits, while rising loan loss reserves indicated concerns about potential econ...
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