UK's Metro Bank to lay off 20% of workforce Metro Bank has today announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20% of its … Business • 1 hr
Barclays working on £1 billion cost plan, may cut jobs Barclays is working on plans to save as much as £1 billion, which could involve cutting as many as 2,000 jobs, mainly in the British … Business • 24 Nov
Virgin Money UK's full-year profit drops Virgin Money UK has today reported a drop in its full-year profit, as pressure on lending margins and stubborn inflation squeezed British banks' returns. Business • 23 Nov
Barclays explores deal for Tesco Bank - sources Barclays has been exploring a potential acquisition of Tesco's banking operations, two people familiar with the matter told Reuters. Business • 20 Nov
Metro Bank's deposit outflows return to normal ranges Metro Bank has today posted a 5% drop in deposits in the third quarter, although the struggling British lender said that the increase in outflows … Business • 07 Nov
UK rips up state guarantees on £1 bn of Covid loans The UK government has scrapped guarantees on nearly £1 billion of bank loans handed out to ailing businesses during the Covid-19 pandemic, leaving lenders on … Business • 01 Nov
Lloyds maintains profit outlook despite cost pressures Lloyds Banking Group has today reported a third-quarter profit that met forecasts and maintained its guidance for full-year performance, despite declining lending margins and rising … Business • 25 Oct
Barclays hints at big cost cuts despite Q3 profit beat Barclays has today hinted at major cost cutting to come later this year, as it reported a third quarter profit that narrowly beat expectations but … Business • 24 Oct
Metro Bank shares bounce after deal to secure capital Metro Bank shares bounced back in early trading today, after the embattled British bank announced a £325m capital raise and £600m debt refinancing yesterday. Business • 09 Oct
UK's Metro Bank plunges on talk of big fundraising Metro Bank shares plunged more than 25% today following reports the British lender was exploring options to raise as much £600m in debt and equity … Business • 05 Oct
Barclays reports first half profit in line with targets Barclays has today reported a profit for the first half of the year that met expectations as its booming consumer and credit card business continued … Business • 27 Jul
Lloyds upgrades performance outlook, improves dividend Lloyds Banking Group improved its performance outlook for 2023 after reporting a 23% increase in first-half profit, despite pressure on banks to offer greater benefits … Business • 26 Jul
Lloyds Banking Group beats profit forecasts in Q1 Interest rate rises helped British bank Lloyds beat first quarter profit forecasts today, but early signs of stress among some borrowers pointed to tougher times … Business • 03 May
Barclays first quarter profit beats expectations Barclays has reported better than expected first-quarter profit of £2.6 billion after a strong performance at its credit card business offset pressure on other profit … Business • 27 Apr
Lloyds' full-year profit flat as bad loan charge weighs Lloyds Banking Group has today reported flat annual profit for 2022, as a jump in income driven by higher interest rates was offset by mounting … Business • 22 Feb
NatWest profit jumps on revenue boost from rate rises NatWest has today reported a 33% jump in annual profit for 2022, as the boost from successive Bank of England rate rises outweighed provisions for … Business • 17 Feb
Banker bonuses go from boom to bust in jarring reversal Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at … Business • 22 Dec 22
Metro Bank returned to profit in September Metro Bank said today it returned to profit in September by keeping a tight rein on costs and has so far seen no sign of … Business • 02 Nov 22
NatWest shares plunge after warning on rising costs NatWest's shares fell by 9% today after the British bank warned of rising costs, and as its third-quarter results were hit by a deteriorating UK … Business • 28 Oct 22
Lloyds profit slides on hefty charge for bad loans Lloyds Banking Group has today reported a slide in quarterly profit, as the lender braced for a potential rise in loan defaults as inflation squeezes … Business • 27 Oct 22
Barclays' third quarter profit inches higher Barclays has today beaten forecasts with a small rise in third-quarter profit, as a strong performance in fixed income trading alleviated loan loss charges and … Business • 26 Oct 22
Bank of England tells banks to take climate action now Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit to annual profits and higher … Business • 24 May 22
Lloyds profit recovery marred by fraud costs Britain's largest high street bank Lloyds has posted a jump in annual profits but was dented by further costs for past misdeeds, as the lender … Business • 24 Feb 22
Barclays annual profit nearly trebles as bad loans ebb Barclays said today that its annual profit nearly trebled as bad loan charges plunged and its investment bank continued its strong recent performance amid market … Business • 23 Feb 22
UK economic recovery lifts NatWest to bumper profit British bank NatWest swung to a hefty profit on the back of the country's economic recovery but said rising prices will make it harder to … Business • 18 Feb 22
