NatWest tumbles to loss of £351m for 2020 NatWest has reported a full-year loss for 2020 after Covid-19 lockdowns crunched household spending and said it will wind down its under-performing Irish arm Ulster ... Business • 19 Feb
Barclays resumes dividend payouts as 2020 profit halves Barclays' annual profit in 2020 fell by half, much less than feared as a strong performance by its investment bank offset provisions against bad loans ... Business • 18 Feb
Bank of England readies plans to deal with Brexit The Bank of England took steps today to keep banks lending through 2021 as Britain grapples with the Covid-19 pandemic and braces for any market ... Business • 11 Dec 20
Pandemic no excuse for UK banks not to move staff UK-based banks looking to continue doing business in the euro zone after the Brexit transition period must move staff to the continent and not use ... Business • 18 Nov 20
Lloyds steps up job cuts with more than 1,000 layoffs Britain's biggest domestic bank Lloyds said it is cutting 1,070 jobs, accelerating redundancies despite a return to profit in the third quarter. Business • 04 Nov 20
NatWest swings to profit as pandemic loan charges fall UK lender NatWest has today reported forecast-beating third quarter earnings, after setting aside a smaller cash pile in the period to deal with likely loan ... Business • 30 Oct 20
Lloyds' Q3 profit boosted by home loan lending boom Lloyds Banking Group has today posted forecast-beating third quarter profit, cashing in on a coronavirus-driven boom in demand for mortgages as it lowered its provisions ... Business • 29 Oct 20
Barclays' third quarter profit beats expectations Barclays has today reported much better than expected third quarter earnings, as its consumer businesses swung back to profit and provisions against bad loans fell ... Business • 23 Oct 20
UK watchdog warns banks over remote working rules Banks must apply the same standards of surveillance and conduct to staff working from home or in the office during the pandemic and in future ... Business • 12 Oct 20
Co-Operative Bank's CEO Bester resigns Andrew Bester, chief executive of the Co-Operative Bank, is stepping down after just over two years in charge, the British lender said today. Business • 06 Oct 20
UK banks and finance firms revert to home working Banks and insurers in Britain have ordered hundreds of staff to work from home home again, just days after many tried to encourage employees back ... Business • 23 Sep 20
Banks told Covid-19 no excuse to delay EU Brexit hubs Banks in the UK are coming under growing pressure from regulators to get their new hubs in the European Union up and running even as ... Business • 26 Aug 20
EU watchdog tells UK banks to get ready for full Brexit Banks using Britain as a gateway to the European Union must fully execute their plans for serving EU customers before a Brexit transition period ends ... Business • 29 Jul 20
Virgin Money H1 profits erased by coronavirus provision Virgin Money swung to a first-half loss after setting aside £232m to handle loans likely to turn sour as a result of the coronavirus crisis. Business • 06 May 20
Banks dust off no-deal Brexit plans ahead of deadline UK banks are dusting off their no-deal Brexit plans as concerns deepen that Britain and the European Union will not agree a trade deal by ... Business • 30 Apr 20
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 ... Business • 20 Apr 20
UK banks scrap dividends on coronavirus fears The UK's top banks have said they would suspend dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses ... Business • 01 Apr 20
Bank of England tells UK banks to stay open The Bank of England has told UK banks and building societies to keep branches open wherever possible. Business • 24 Mar 20
Virgin Money loan book grows despite Brexit uncertainty Virgin Money has today reported higher loan book growth in the first quarter, bolstered by strong business lending. Business • 28 Jan 20
UK banks push for new EU access plan after UK election UK banks are drawing up fresh proposals for how they could access customers in the European Union after Brexit in a bid to influence UK-EU ... Business • 13 Dec 19
UK bankers brace for Brexit mayhem 10 days early Financial markets could go into a Brexit tailspin about 10 days earlier than expected if a potentially chaotic no-deal departure at the end of the ... Business • 09 Oct 19
Lloyds warns PPI could cost it an extra £1.8 billion Lloyds Banking Group will make extra provisions for payment protection insurance (PPI) claims of between £1.2-1.8 billion in its third quarter results and is suspending ... Business • 09 Sep 19
UK banks say business investment slows ahead of Brexit The UK's major banks have seen a growing number of business customers delay decisions on investments and borrowing in recent weeks, as the probability of ... Business • 15 Jul 19
UK bankers call for more support after Brexit Britain should create a new body to promote a positive "vision" for banking and cut taxes on the industry after failing to support the sector ... Business • 20 Jun 19
UK watchdog shakes up 'dysfunctional' overdraft market UK banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority said today. Business • 07 Jun 19
