Banking

Six of the UK’s largest banks will start lending on medium and high-rise flats with cladding from January, in a move that could help thousands of people stuck in properties they have not been able to sell or remortgage.Lenders including Barclays, HSBC, Lloyds, Nationwide Building Society, NatWest and Santander, said they would consider fresh mortgage applications from 9 January, after receiving long-awaited guidance from the Royal Institution of Chartered Surveyors (Rics) on how to value affected properties.The changes stand to benefit mortgage prisoners and prospective buyers of cladding-affected flats in...

Francois Villeroy de Galhau, governor of the Bank of France, speaks at the Paris Europlace International Financial Forum in Tokyo, Japan, on Tuesday, Nov. 15, 2022. The 25th annual forum in Japan features French, European and Japanese financial and business leaders as well as policymakers, including representatives from government and regulatory bodies. , Photographer: Kiyoshi Ota/Bloomberg (Bloomberg) -- European Central Bank Governing Council member Francois Villeroy de Galhau said the euro-zone economy is unlikely to experience a deep slump as interest rates are lifted to tackle soaring inflation.The Bank of...

NEW YORK and BRISTOL, England and BANGALORE, India, Dec. 20, 2022 /PRNewswire/ -- Banking Tech Awards, an authoritative global awards platform for insights about the use of IT in financial services worldwide, has unveiled the winners of the 23rd Annual Banking Tech Awards which took place at the Royal Lancaster Hotel in London. Torry Harris Integration Solutions (THIS) won the Best Open Banking Solution – International (2022) award for its marketplace-banking product Concierge Bank™. Concierge Bank™, an open banking solution, is helping banks worldwide offer customers innovative new products through...