Last week saw the big US banks announce bumper profits. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo announced a total of $142 billion of…

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GB BANK has announced a significant expansion of its lending capabilities, introducing loans of up to £15 million across its specialist funding solutions. This marks a major milestone for the…

The post GB Bank triples maximum loan size to £15 million appeared first on London Business News | Londonlovesbusiness.com.

NatWest has introduced a new way for its customers to support Social Bite in the fight against homelessness this festive season. Through its mobile app based MyRewards programme, customers can…

The post NatWest encourages customers in London to spread Christmas cheer in support of national homelessness charity appeared first on London Business News | Londonlovesbusiness.com.

The Japanese yen has softened after reaching recent highs, weighed down by uncertainty surrounding the Bank of Japan’s (BoJ) potential interest rate hike. While Governor Kazuo Ueda has hinted at…

The post Yen weakens on BoJ uncertainty and US yield strength appeared first on London Business News | Londonlovesbusiness.com.

Officials at the Financial Conduct Authority and the Prudential Regulation Authority has now approved the Coventry Building Society £780 million Co-op Bank takeover deal. The deal will go ahead on…

The post Coventry Building Society £780m Co-op Bank takeover deal to go ahead appeared first on London Business News | Londonlovesbusiness.com.

Global offshore wind services business Venterra Group is set for growth following an uplift in UK Export Finance (UKEF) backed funding from HSBC UK. HSBC UK has supported the UK…

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This week, the Bank of England is widely expected to cut interest rates again, marking its second reduction since August. With rates likely to drop by a quarter point to…

The post Bank of England to cut rates, but investors demand 2025 roadmap appeared first on London Business News | Londonlovesbusiness.com.

Barclays has bought Tesco Bank and the supermarket giant will giver shareholders £700 million as the deal has now been completed. Tesco will now start a 10-year partnership with Barclays…

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The Spanish banking giant Santander have announced they are to cut more than 1,400 jobs across their UK business. Santander said the cuts are aimed at reducing costs and the…

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HSBC has revealed that they are to cut senior banker roles over the coming months after the bank announced almost a 10% hike in profits. The bank is “moving at…

The post HSBC to cut senior banker roles after a hike in profits appeared first on London Business News | Londonlovesbusiness.com.