FCA says regulators face 'painful lessons' from upcoming autumn reviews
22nd Sep 2020 08:11
(Sharecast News) - UK regulators face "painful lessons" from upcoming reviews that will question how customers are and should be protected, the Financial Conduct Authority CEO said on Monday.
Read moreHSBC hits 25-year low as allegations add to pressures
21st Sep 2020 09:01
(Sharecast News) - HSBC shares fell to a 25-year low as Britain's banks were affected by allegations of moving illicit money as well as renewed pressure from the resurgence of Covid-19.
Read moreFCA tells lenders to give extra help to mortgage borrowers
26th Aug 2020 11:26
(Sharecast News) - The Financial Conduct Authority has told lenders to provide extra support for mortgage customers in difficulty after payment holidays run out in October.
Read moreActivist Bramson keeps up pressure on Barclays
6th Aug 2020 12:40
(Sharecast News) - Activist investor Edward Bramson has called for Barclays to shrink its investment bank by almost a quarter as he continues to agitate for change at the company.
Read moreSunday newspaper round-up: BT Group, Big Lenders, Travel firms
2nd Aug 2020 18:23
(Sharecast News) - Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls - perhaps Altice USA - has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit. - Mail on Sunday
Read moreThursday broker round-up
30th Jul 2020 14:16
(Sharecast News) - Tullow Oil: Berenberg downgrades to hold with a target price of 40.0p.
Read moreBarclays takes ?3.7bn in Covid-19 charges as profits plunge
29th Jul 2020 07:02
(Sharecast News) - Barclays Bank took a £3.7bn hit in coronavirus-related charges as interim profits more than halved and it warned of headwinds continuing into 2021.
Read moreBarclays increases Covid-19 provisions as profits plunge
29th Jul 2020 07:02
(Sharecast News) - Barclays raised its provisions for coronavirus-related bad debts by £1.6bn in the second quarter as interim profits slumped and the bank forecast further headwinds into 2021.
Read moreWednesday preview: Federal Reserve, Barclays in focus
28th Jul 2020 12:32
(Sharecast News) - Some market commentary holds that policymakers at the Federal Reserve might strengthen their forward guidance on interest rates.
Read moreMonday broker round-up
14th Jul 2020 13:31
(Sharecast News) - Rotork: RBC Capital Markets downgrades to underperform with a target price of 275.0p.
Read moreBarclays' capital ratio stronger than expected
13th Jul 2020 11:18
(Sharecast News) - Barclays said its core capital ratio would be stronger than expected at the end of the second quarter but that its results for the period would be affected by a tough market for income and bad debts.
Read moreSunday newspaper round-up: Vouchers, Grocers, Boohoo
5th Jul 2020 15:59
(Sharecast News) - Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and "face to face" retail, as opposed to online. - Guardian
Read moreUK banks escape probe into overdraft rises during Covid-19
1st Jul 2020 08:38
(Sharecast News) - UK banks were put on notice over overdraft pricing during the coronavirus crisis by the industry regulator on Wednesday, but escaped the threat of a full probe.
Read moreMonday broker round-up
22nd Jun 2020 13:30
(Sharecast News) - Ashmore Group: Berenberg downgrades to sell with a target price of 331p.
Read moreBoE's Bailey warns bank chiefs on Brexit - report
3rd Jun 2020 15:01
(Sharecast News) - The Governor of the Bank of England has told bank bosses to step up preparations for the UK failing to agree a trade deal with the EU, according to a report.
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