Why Macron is breaking a French taboo to best Brexit Britain
For France’s famously protective stance, the pronouncement that EU rivals could come and buy French banks was close to sacrilege.Yet...
archiveBanks and Finance
Banks ‘irresponsibly lending’ as buyers face emptying pensions to pay off mortgage
Lord Tyrie, former chair of the Competitions and Markets Authority and the Treasury Select Committee, said homeowners taking out ultra-long...
Why Revolut is asking suspected scam victims to take selfies
After the customer had typed this into the chat, Revolut lifted the restrictions on their account.“I am glad to inform you that...
At 23, I am finally taking my money out of Revolut
Over the last 18 months, I have been contacted by dozens of Revolut customers who have fallen foul of sophisticated...
Lloyds profits hit by rush of homeowners refinancing mortgages
He is seeking to make Lloyds a slimmer and more profitable bank, cutting costs and boosting sales by offering customers...
British banking has become a stagnant backwater – and it’s painfully obvious why
Of course, HSBC, which generates two-thirds of its profits in Asia, is a partial exception, although exposure to China is...
Lloyds cuts risk management roles in bid to ‘move at greater pace’
Lloyds is cutting risk management jobs after concluding that its overly cautious approach is holding back growth.Roles are to be...
Britain’s financial watchdog has become an unaccountable elite
It has destroyed confidence with the imposition of ever-evolving obstruction of regulated firms, entrepreneurs and investors with new layers of...
Barclays launches challenge against car finance mis-selling claim
Barclays has launched a legal challenge over a ruling that it unfairly paid commission to a car finance broker. Thousands of...
‘Shadow bank’ lending risks triggering new financial crisis, warns IMF
Risky lending by “shadow banks” threatens to trigger a new financial crisis, the International Monetary Fund (IMF) has warned.The Washington-based...
