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Virgin Money said the banking industry still faced uncertainty over how the UK will set terms to trade with the European Union after Brexit

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.

Major UK banks are set to make a fresh push for access to the European Union

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

The EU is Britain's biggest financial services export market, worth £26 billion in 2017

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 banks are setting aside more money for PPI following a rush of claims against mis-selling of the insurance

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 have largely played up the resilience of businesses since the June 2016 Brexit decision

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

Calls for UK government to create a new, formal body made up of regulators, government officials and the Bank of England governor to set out a positive vision for the finance industry

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

Under new FCA rules, UK banks and building societies will have to charge the same amount for all overdrafts from April 2020

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

Royal Bank of Scotland has set aside extra cash to help customers to get through Brexit

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

The UK financial services industry has found little to celebrate in the draft plan May's cabinet agreed

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

Credit rating agency warns on impact of disorderly Brexit

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

EU banking, insurance and markets watchdogs have already warned their respective sectors to be ready for a hard Brexit

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 Governor Mark Carney believes the EBA's comments earlier this week were 'incomplete'

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

Luxembourg's finance minister Pierre Gramegna wants to revamp the EU's current 'equivalence' system

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

The proposals would leave London's vast financial services with limited ability to sell many of their services to European companies

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

Michel Barnier, the EU's Brexit negotiator

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

The UK Prudential Regulation Authority warns if banks are wrong about how credit card customers will behave it could hit their capital

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

Big UK banks said they would open funds for business customers in Carillion's supply chain

Banks give support for firms hit by Carillion collapse

The UK's biggest banks have announced a range of measures to support firms and contractors hit by the collapse of construction outsourcing company Carillion.

Business • 19 Jan 18

The UK's CMA has set out individual timelines for Barclays, HSBC, Royal Bank of Scotland, Santander UK and Bank of Ireland to comply with the new rules

UK watchdog gives banks more time to start open banking

The UK competition watchdog has given five banks extra time to comply with so-called open banking plans aimed at boosting competition in retail banking.

Business • 19 Dec 17

UK Finance is the trade body that represents British banks like Lloyds, Barclays, HSBC and RBS

UK banks call for "mutual recognition" deal with EU

Britain and the European Union should accept each other's rules governing financial services in a "flexible" trade deal that offers unfettered market access to big banks but protects small investors.

Business • 08 Sep 17

Bank of England Governor Mark Carney has said he does not believe leaving the EU was the biggest threat to UK financial stability

Bank of England to check banks ready for Brexit outcome

UK banks need to prepare for a wide range of potential outcomes and avoid sudden changes to lending as the country gets ready to leave the European Union, Bank of England policymakers said today.

Business • 27 Mar 17

90% of banks surveyed said preparing for the impact of Brexit was their biggest challenge

UK banks' optimism hits crisis-era low on Brexit

Optimism about the business environment for Britain's financial services firms fell for a fourth consecutive quarter, according to a survey published today.

Business • 23 Jan 17

The UK Financial Services Compensation Scheme insures bank customers with deposits up to £75,000 if a bank suffers financial collapse

Plans to up threshold for UK deposits protection

The Bank of England said it may hike the protection limit for UK bank customers following the collapse in the value of the pound.

Business • 21 Nov 16

RBS, which owns Ulster Bank, is due to give its quarterly results this week

UK banks to reveal solid Q3 results

The major UK banks are set to report stronger than expected results this week, confounding expectations that political and economic upheaval caused by the vote to quit the European Union would immediately squeeze profits.

Business • 24 Oct 16

UK banks are anticipating that demand for mortgages would fall after the Brexit vote

UK lenders expecting lower demand for mortgages

UK lenders are expecting a drop-off in demand for mortgages, personal loans and business lending in the coming months, following the vote to leave the EU, according to a Bank of England report.

Business • 13 Jul 16

Plans to sell stakes in RBS and Lloyds this year are now off the table, sources say

Sale of RBS and Lloyds stakes on hold after Brexit

The UK government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources said.

Business • 28 Jun 16

Uk Banks