NatWest Post Profit for Q3 2020, CEO Warns of Challenging Times Ahea...

Summary NatWest reported a pre-tax profit of £355 million for Q3 2020 and a profit attributable to shareholders of £61 million The net...

Standard Chartered and HSBC witness a slump in profits

Summary Standard Chartered reported a 40 per cent fall in its underlying profits during the Q3 of 2020. HSBC reported a 46 per cent decline in its...

Two FTSE Listed Small Cap Stocks Trending on LSE: Augmentum Fintech...

Summary Augmentum Fintech Plc's NAV per share increased by 6.50 pence in FY20. Company has announced the fundraising of £28 million. Vast R...

HSBC Indicate Dividend Payment amid Regulators Consideration of Lett...

Summary Industry regulators might allow banks to recommence shareholder returns from next year provided their loss-absorbing capital buffer remains...

 L&G exits personal investing business, sells it to Fidelity  

Summary Legal & General Group has agreed the sale of its personal investing business arm to Fidelity International. The deal worth £6 bi...

Barclays Beats Profit Forecasts but Warn of Potential Cost Cuts Due...

Summary Barclays reported £1.1 billion in pre-tax profits during the third quarter of 2020 The impairment charges in the second half of 202...

Should UK Fintech Firms Eye Middle East Market After Paymentology En...

Summary UK-based fintech firm Paymentology has forayed into the Middle East by setting up its regional office in Dubai MENA region’s digital...

Latest Business Updates Unveiled by London Stock Exchange Group PLC

Summary London Stock Exchange Group Plc reported a revenue increase of 2% year on year in Q3 FY20. The proposed acquisition of Refinitiv is in goo...

1MDB Fraud Case: Goldman Sachs to pay $2.9 billion in settlement cha...

Summary Goldman Sachs's Malaysian subsidiary has to pay $2.9 billion in settlement charges for the 1MDB fraud case Hollywood movie “The Wolf...

Metro Bank's Q3 Lending Surpasses Its Reserve Requirements led by BB...

Summary Metro Bank in its Q3 results has reported that its lending has risen by 2 per cent for this quarter Metro Bank stated that the increase in...

Legal & General to Fund Oxford University Innovation Centre

Summary Legal & General will be funding the development of a new sciences building with the University of Oxford worth £200 million The...

UK Banks Looking to Increase Lending Rates on Credit Cards

Summary The latest survey by BoE has found that banks in the country had increased the cost of consumer loans in the third quarter of the year and...

FTSE bank shares to remain in focus amid BoE’s negative interest rat...

Summary The notion of negative interest rates in the UK has been under deliberations as the government and the Bank of England want to revive the a...

Legal & General’s Asset Management Arm Pledges to Be More Rigid Towa...

In a bid to help accelerate global efforts to move to a low-carbon economy, LGIM, Britain’s biggest asset manager plans to increase the number o...

JP Morgan released better than expected results for Q3 2020

Summary The global banking institution beat its profit estimates for the quarter Only one of the major units (consumer banking) reported a drop in...

Should One Be Looking at Financial Services Stocks Now?

Summary Financial service sector includes a plethora of services that offers diversification opportunity within It is one of the most important se...

TP ICAP Share Price Stumble on Proposed Acquisition of Liquidnet

Last year in December, TP ICAP Plc announced plans to introduce a new holding company in Jersey, whose domiciliation is expected to complete by the fi...

TSB To Close Branches and Cut Staff with Decline in Business Due To...

Summary The TSB bank has declared it will be closing nearly 164 of its branches in the UK and cutting 1000 staff members, because of a decline in t...

Shares Of HSBC Jump On LSE As Key Chinese Investor Raises Stake

Summary Ping An Asset Management of China increased its stake in the bank to 8 per cent, which is seen as a vote of confidence by investors despite...

Big Management Shakeup at Subprime Lender Amigo Holdings Plc

Summary Amigo Holdings Plc, which was valued at £3 billion at the time of its IPO in June 2018, has now lost its value to nearly one-twentiet...