Six high street banks broke CMA information rules
22nd Jul 2022 11:07
(Sharecast News) - Six high street banks were found to have broken rules imposed by the Competition and Markets Authority under the Retail Banking Market Investigation Order 2017, it was revealed on Friday.
Read moreCredit Suisse sees value in UK Banks, Lloyds remains 'top pick'
5th Jul 2022 10:57
(Sharecast News) - Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
Read moreBoE's Bailey leaves door open to 50bp hike but says economy "at something of a turning point"
29th Jun 2022 15:24
(Sharecast News) - The head of the Bank of England walked a fine line between hawkishness and its gradual approach to interest rates up until now at the European Central Bank Forum in Sintra, Portugal.
Read moreLloyds to give staff one-off £1,000 payment amid cost-of-living crisis
13th Jun 2022 15:31
(Sharecast News) - Lloyds Bank will give staff a £1,000 bonus this summer to help with the increasing cost of living.
Read moreBoE says UK banks no longer too big to fail
10th Jun 2022 07:46
(Sharecast News) - Britain's major banks are no longer too big to fail and could still provide vital services in a crisis without a taxpayer bailout, the Bank of England said, although it said three lenders had fallen short of meeting requirements.
Read moreBank of England chief economist sees further rate hikes ahead
20th May 2022 10:41
(Sharecast News) - The price of money is headed higher still and the risks are that even further rate rises might be needed, the Bank of England's chief economist said.
Read moreAnother 28 Lloyds branches to be closed, union claims
18th May 2022 12:03
(Sharecast News) - Another 28 Lloyds Banking Group branches are on the chopping block, it was revealed on Wednesday, with the UK's second-largest union branding the move as "inexcusable".
Read moreTop BoE official says rates may need to be raised by more than expected
12th May 2022 10:57
(Sharecast News) - The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one of the central bank's top officials said.
Read moreLloyds Bank shrugs off economic woes to post better-than-expected profits
27th Apr 2022 07:04
(Sharecast News) - Britain's Lloyds Bank posted better-than-expected first quarter profits on Wednesday, but warned of an uncertain economic outlook amid the cost of living crisis facing Britons.
Read moreWednesday preview: ECB's Christine Lagarde, Lloyds in the spotlight
26th Apr 2022 11:59
(Sharecast News) - The market spotlight on Wednesday is likely to be on European Central Bank boss, Christine Lagarde, in light of recent weakness in the single currency.
Read moreTime is not on the BoE's side, Berenberg says
7th Apr 2022 13:29
(Sharecast News) - Bank has its work cut out for it in trying to bring inflation to heel while not tipping the economy into recession, argue economists at Berenberg.
Read moreBoA raises 2022-23 UK CPI forecasts, expects four hikes in Bank Rate
6th Apr 2022 14:23
(Sharecast News) - Economists at Bank of America raised their short-term inflation forecasts for the UK, predicting that Bank would hike short-term interest rates four more times as it tried to navigate both the risk of a recession and of too-high inflation.
Read moreJP Morgan cuts rating on Barclays
29th Mar 2022 11:34
(Sharecast News) - The positive investment case for British banks is starting to weaken, JP Morgan said on Tuesday, as it reiterated Lloyds Banking Group as its top pick but cut its rating on Barclays.
Read moreBoE may delay bank capital move because of Ukraine war
24th Mar 2022 11:14
(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
Read moreLloyds announces another 60 branch closures
23rd Mar 2022 12:05
(Sharecast News) - Lloyds Banking Group announced another 60 branch closures across its portfolio of high-street brands on Wednesday, as the company blamed a lack of customers for the move.
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