Revolut investor slashes $5bn off valuation
A Revolut shareholder has written billions off the company’s valuation as the wait for Britain’s most valuable fintech to gain...
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Big banks face new threat from the ghost of Northern Rock
Shore Capital analyst Gary Greenwood says: “You have got subscale operators that are struggling to earn a decent return. So...
Britain to pay Libya to stop migrants crossing the Mediterranean
Last year we removed almost 20,000 people from the UK by their own choice, nearly double the number in 2022....
Worklessness crisis to deepen as migration surges
Tom Josephs, an OBR official, said: “Migrants will be using public services, but there’s no automatic link between population and...
Interest rates will have to stay high for years, warns top central bank
Persistent inflation means central banks across the world will be forced to keep interest rates high for years to come...
Lenders sound the alarm over ‘rapid’ uptick in 35-year mortgages
A UK Finance spokesman said: “We are seeing a continued, more rapid, increase in borrowing for more than 35 years....
Banks call for crackdown on Apple over claims it stockpiles UK data
Major banks have called for a crackdown on Apple over claims the tech giant’s access to millions of iPhone users’...
Hunt forced to abandon plans for first-time buyer giveaway
House prices have risen by more than 30pc in that time, meaning many young people are forced to pay a...
Plans for 99pc mortgages scrapped after backlash from banks
On top of this, Mr Cook estimated that the rate on a 99pc mortgage could be around 0.5 percentage points...
Are you at risk of having your bank account closed?
Savers may not be aware that banks work with third-party investigative bodies and credit reference groups to find and scrutinise...
