U.K.

Banks are ditching London offices and not just because of COVID-19

07/06/20

With thousands of job cuts likely to follow what's forecast to be the worst recession in three centuries, the tenants of the glass and steel towers that dominate the City of London and Canary Wharf may face an even bigger retreat.

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British lenders brace for negative rates floated by central bank

05/21/20

British banks are confronting the European import of sub-zero interest rates that could damage profits already weakened by the coronavirus pandemic as the Brexit divorce rumbles toward its rocky end.

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Five lenders withdraw from U.K.'s coronavirus rescue plan

04/01/20

The firms say they can't handle crushing loan demand from small and medium-sized businesses.

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N26 closing all U.K. mobile banking accounts, blaming Brexit

02/11/20

The German challenger bank said that its "several hundred thousand" customers in the U.K. have until April 15 to withdraw money or transfer it to another account.

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Citigroup hit with record U.K. fine for incorrect reporting

11/26/19

The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations.

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U.K.'s Transferwise, once a rival to banks, launches with U.S. FIs

09/26/19

TransferWise once marketed itself as Robin Hood-style rival to banks. Now it sees itself as an ally.

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Vernon Hill survives proxy challenge at Metro Bank in U.K.

05/21/19

Metro Bank had worked to win shareholder support by raising fresh capital and cutting ties with Hill's wife's design firm.

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Metro Bank shares post record gain as lender boosts capital

05/17/19

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

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A ‘crisis of confidence’ at Vernon Hill’s U.K. bank

05/15/19

As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.

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RBS starts hunt for new chief executive as McEwan steps down

04/25/19

Royal Bank of Scotland's top banker will leave the state-backed lender within a year, in an expected move that potentially paves the way for a senior female executive to take his role.

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