UK Market News
Tag Archives: Banking
HSBC

HSBC in an update said that it is “happy” to put forward more capital towards its investment bank, after the group saw a strong performance within its fixed income division which helped boost underlying quarterly earnings above analyst...

By Terry Fitzroy on Nov 7th, 2016
Lloyds Bank

Customers who were sold unwarranted insurance products were compensated by Lloyds Banking Group PLC as they set aside another 1 billion pounds ($1.22 billion) causing a 15 percent drop in profit, to put a stop to the U.K. lender’s years long...

By Terry Fitzroy on Oct 26th, 2016
Metro Bank

Metro Bank reported a 78 percent increase in its third quarter revenues year-on-year to 53.4 million pounds, helping the British retail bank rebound back into the black with a pre-tax profit of 0.6 million pounds as compared to its loss of...

By Kate Ayers on Oct 25th, 2016
Swift

Millions through cybertheft have been stolen in both Bangladesh and Ecuador. According to SWIFT, the messaging system connecting the world’s financial institutions, the global banking system is still under attack as it identified new hacks...

By Laura Parrish on Aug 31st, 2016
Caixa Geral de Depositos

Through a reduction of lending risk, cost cuts and efficiencies, the government is attempting to bring the bank back to profitability. The Portuguese government announced on Wednesday that it had secured the provisional go ahead to recapitalize...

By Warren Smith on Aug 24th, 2016
Chase

A traditional bank branch costs $2-4 million to set up with operating costs at $200,000 to $400,000 per year. Customers in the United States are still more inclined to visit brick-and-mortar bank branches even as banks are pushing the use of...

By Warren Smith on Aug 22nd, 2016
Standard Life

Standard Life increased it’s dividend for investors by 7.5% following the results. UK insurance and asset management company Standard Life on Tuesday posted an 18 percent increase in actual operating profit for the first six months of...

By Warren Smith on Aug 9th, 2016
HSBC

Shares rose 3.8 percent to 500.8 pence in London which is the highest since April. HSBC Holdings revealed a stock buy-back worth $2.5 billion for 2016 in the midst of a worldwide economic downturn whilst investments and lending are less attractive. The...

By Warren Smith on Aug 3rd, 2016
Kweku Adoboli

Kweku Adoboli has stressed that the culture within the banking sector could push others to do the same as him. Ex-UBS trader, Kweku Adoboli who was sentenced to seven years in jail and served half his term for what was known as the biggest fraud...

By Kate Ayers on Aug 1st, 2016