Banking And Finance NEWS

Bank of England to expand its presence in Leeds

The Bank of England is planning to increase staffing at its northern hub. At least 500 employees will be based in its Leeds office by 2027, equating to around one in ten of … Continue reading “Bank of England to expand its presence in Leeds”


Lloyds profit down following record year

Lloyds Banking Group has reported a 28% drop in first quarter profit, but said the figure was in line with expectations. The group — which owns Lloyds Bank, Halifax and Bank of Scotland … Continue reading “Lloyds profit down following record year”


Nationwide ad banned over ‘not closing branches’ claim

A TV advert for Nationwide that claimed the building society was not closing branches has been banned by the UK advertising watchdog. The ad featured actor Dominic West as an arrogant bank boss … Continue reading “Nationwide ad banned over ‘not closing branches’ claim”


UK’s Potential Exodus: Over Half (62%) Of UK Finance Professionals Eye A Better Life Abroad

Over half of financial services professionals (62%) have considered leaving the UK for better working opportunities abroad, according to new research from Gen Z insights company Prograd. This sentiment was also strong for those working in … Continue reading “UK’s Potential Exodus: Over Half (62%) Of UK Finance Professionals Eye A Better Life Abroad”


Ozan Electronic Money Designs Custom Payment Services for Sectors

Ozan Electronic Para (Ozan Electronic Money) designs payment services specifically for various industries, from petrol stations to education to wholesalers and travel. The payment service provider (PSP) innovates payment and collection processes wherever … Continue reading “Ozan Electronic Money Designs Custom Payment Services for Sectors”


UK credit card debt up 9.7%

The amount owed on UK credit cards increased last year as household finances came under pressure from high inflation. Outstanding balances on credit card accounts grew by 9.7% in the 12 months to … Continue reading “UK credit card debt up 9.7%”


Ozan Electronic Money in 2023: A Year of Innovative Growth

Ozan Elektronik Para (Ozan Electronic Money), one of Türkiye’s leading fintechs, has achieved remarkable expansion for the second year straight. The company reported a 5.5 times growth at Ozan SuperApp and a 2.5 … Continue reading “Ozan Electronic Money in 2023: A Year of Innovative Growth”


Efforts to tackle sexism in City moving at ‘snail’s pace’

A new report by MPs has uncovered a “shocking” prevalence of sexual harassment and bullying in London’s financial district. The culture in the City is “holding women back” in their careers, the Treasury … Continue reading “Efforts to tackle sexism in City moving at ‘snail’s pace’”


Nationwide agrees acquisition of Virgin Money

Nationwide Building Society has agreed terms of a possible acquisition of Virgin Money UK plc. Under the preliminary agreement Nationwide will pay 220p in cash per Virgin Money share, representing a premium of … Continue reading “Nationwide agrees acquisition of Virgin Money”


Lending to UK firms set to remain weak this year

Continued high interest rates are expected to limit banks’ lending to businesses in 2024, before a rebound in 2025. Economic forecasting group the EY ITEM Club said on Monday that it expects bank-to-business … Continue reading “Lending to UK firms set to remain weak this year”


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