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City A.M. • Aug 14, 2025

Klarna’s losses worsen as provisions jump ahead of IPO

Klarna experienced a significant increase in potential loan loss reserves, which contributed to higher overall losses despite a notable rise in revenue during the second quarter ah...

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City A.M. • Aug 13, 2025

Zilch hikes provisions amid ‘record year’ for customer growth

UK-based fintech Zilch significantly increased its financial reserves to manage expected credit losses, reflecting the rapid expansion of its user base and heightened demand for it...

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City A.M. • May 05, 2025

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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City A.M. • May 01, 2025

Lloyds costs soar as lender increases provisions after tariff turmoil

Lloyds Banking Group reported a pre-tax profit of £1.5 billion in the first quarter of the year, reflecting a seven percent decline due to rising operating costs and increased prov...

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