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
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 to the office, following fresh guidance from the government. Business • 23 Sep 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 to the office, following fresh guidance from the government. 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 Covid-19 and foot-dragging by clients disrupt Brexit relocation plans, banks and regulators say. Business • 26 Aug 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 Covid-19 and foot-dragging by clients disrupt Brexit relocation plans, banks and regulators say. 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 in December, the EU's banking watchdog said today. Business • 29 Jul 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 in December, the EU's banking watchdog said today. 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
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 December as the Covid-19 pandemic compounds fundamental disagreements over future relations. Business • 30 Apr 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 December as the Covid-19 pandemic compounds fundamental disagreements over future relations. 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 pandemic, the Bank of England said today. Business • 20 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 pandemic, the Bank of England said today. 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 from the economic fallout from the coronavirus. Business • 01 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 from the economic fallout from the coronavirus. 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
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
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 trade talks next year after the Conservative Party's election victory. Business • 13 Dec 19
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 trade talks next year after the Conservative Party's election victory. 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 month looks inevitable, UK bankers say. Business • 09 Oct 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 month looks inevitable, UK bankers say. 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 its 2019 share buyback programme. Business • 09 Sep 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 its 2019 share buyback programme. 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 a disorderly exit from the European Union inches higher. Business • 15 Jul 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 a disorderly exit from the European Union inches higher. 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 adequately ahead of Brexit, banking trade body UK Finance's chair has said. Business • 20 Jun 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 adequately ahead of Brexit, banking trade body UK Finance's chair has said. 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
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
Banks extend UK plc's overdraft ahead of Brexit Banks in Britain are trying to prepare businesses for a potential cash crunch after Brexit, whether or not a deal agreed by the UK and Brussels this weekend is approved by parliament next month. Business • 27 Nov 18
Banks extend UK plc's overdraft ahead of Brexit Banks in Britain are trying to prepare businesses for a potential cash crunch after Brexit, whether or not a deal agreed by the UK and Brussels this weekend is approved by parliament next month. Business • 27 Nov 18
Brexit accord leaves British finance out in the cold Britain's financial services greeted the news of a draft Brexit agreement with weariness and worry today, citing multiple hurdles the government must overcome before they can Brexit-proof their industry. Business • 15 Nov 18
Brexit accord leaves British finance out in the cold Britain's financial services greeted the news of a draft Brexit agreement with weariness and worry today, citing multiple hurdles the government must overcome before they can Brexit-proof their industry. Business • 15 Nov 18
UK banks risk ratings downgrades in disorderly Brexit UK banks could face potential credit rating downgrades if there is a disorderly Brexit as this would be likely to trigger a domestic political crisis and economic contraction, credit rating agency Standard & Poor's has said. Business • 12 Oct 18
UK banks risk ratings downgrades in disorderly Brexit UK banks could face potential credit rating downgrades if there is a disorderly Brexit as this would be likely to trigger a domestic political crisis and economic contraction, credit rating agency Standard & Poor's has said. Business • 12 Oct 18
UK watchdog tells banks to prepare for hard Brexit UK banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said today. Business • 19 Jul 18
UK watchdog tells banks to prepare for hard Brexit UK banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said today. Business • 19 Jul 18
Bank of England hits back over banks' Brexit readiness The Bank of England has hit back at European Union criticism, saying British banks were fully prepared for a disorderly Brexit and that it was the EU itself which should act to prevent market disruption. Business • 27 Jun 18
Bank of England hits back over banks' Brexit readiness The Bank of England has hit back at European Union criticism, saying British banks were fully prepared for a disorderly Brexit and that it was the EU itself which should act to prevent market disruption. Business • 27 Jun 18
UK banks must be realistic about EU access after Brexit Making the current system of European Union market access for non-members more workable is Britain's best bet after Brexit as the more ambitious alternative sought by banks is unrealistic. Business • 03 May 18
UK banks must be realistic about EU access after Brexit Making the current system of European Union market access for non-members more workable is Britain's best bet after Brexit as the more ambitious alternative sought by banks is unrealistic. Business • 03 May 18
EU to propose limited market access for UK-based banks The European Union today offered Britain a free trade agreement for their post-Brexit relationship, a draft text showed, outlining a much more limited cooperation than London had called for. Business • 07 Mar 18
EU to propose limited market access for UK-based banks The European Union today offered Britain a free trade agreement for their post-Brexit relationship, a draft text showed, outlining a much more limited cooperation than London had called for. Business • 07 Mar 18
EU holding line against passporting for UK banks European Union negotiators see no room for discussion with Britain on maintaining "passport" access to EU financial markets for its banks after Brexit. Business • 31 Jan 18
EU holding line against passporting for UK banks European Union negotiators see no room for discussion with Britain on maintaining "passport" access to EU financial markets for its banks after Brexit. Business • 31 Jan 18
Growing credit card conundrum fuels UK bank concerns Britain's banks are booking future credit card income long before it materialises, prompting concerns about the accounting practice among regulators, investors and analysts. Business • 29 Jan 18
Growing credit card conundrum fuels UK bank concerns Britain's banks are booking future credit card income long before it materialises, prompting concerns about the accounting practice among regulators, investors and analysts. Business • 29 Jan 18
