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


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


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


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.


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


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.


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


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


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


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


Metro Bank shares post record gain as lender boosts capital


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.


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


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


RBS starts hunt for new chief executive as McEwan steps down


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.


U.K. fintech now has war chest to push stateside


The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.


Direct lenders ready to step in where Brexit makes banks retreat


Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.