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The UK's Prudential Regulation Authority has given a green light to BBVA to take indirect control of TSB, the British unit of Spain's Sabadell

BBVA secures UK approval for deal for Sabadell's unit TSB

Britain's Prudential Regulation Authority has given a green light to BBVA to take indirect control of TSB, the British unit of Spain's Sabadell, BBVA said today.

Business • 03 Sep 24

Revolut has nine million customers in the UK

Revolut gets UK banking licence, ending three-year wait

Financial technology firm Revolut has received a UK banking licence with restrictions from the sector's regulator, it said today, making new strides towards the full authorisation it has sought for three years.

Business • 25 Jul 24

US bank Citigroup has been fined by UK regulators more than £61.6m for failures in its trading systems and controls

Citi fined £61m by UK regulators over trading failures

Britain's banking and financial regulators said today they had fined US bank Citigroup more than £61.6m for failures in its trading systems and controls.

Business • 22 May 24

TSB was fined £29.75m by the FCA and £18.9m by the PRA

UK bank TSB fined £48.7m over botched IT migration

British lender TSB has been fined £48.65m over a botched IT platform migration in 2018, UK regulators said today.

Business • 20 Dec 22

The Bank of England's Prudential Regulation Authority said it expected UK banks to focus on continuing to support customers

UK banks told to use excess capital to help customers

UK banks should use their substantial capital and liquidity buffers to support the economy in view of the hit it has taken from the coronavirus pandemic, the Bank of England said today.

Business • 20 Apr 20

Citigroup's UK framework for reporting data to regulators was not designed, implemented or operating effectively, the Bank of England said

Bank of England hits Citi with biggest fine to date

The Bank of England has fined Citigroup £43.9m, saying the US banking group's British operations failed to provide it with accurate regulatory returns between 2014 and 2018.

Business • 27 Nov 19

Metro Bank said it raised £375m in a discounted funding round yesterday

Metro Bank shares jump after capital hike

Metro Bank shares soared today after a vital cash call that was welcomed by regulators at the Bank of England.

Business • 17 May 19

Prudential Regulation Authority