Latest articles from UK

tim skeet teaser

Financial services left in the cold amid Brexit turmoil

December 7, 2020

The UK and EU positions on this economically vital industry have become tangled and confused.

Rolleen McDonnell teaser

Financial services redundancies loom in wake of Brexit

December 2, 2020

As the UK prepares to leave the EU single market, many banking employees face uncertainty. 

fin services clock and data

Banks take stock of UK financial services bill

November 17, 2020

Leaving the EU poses problems and opportunities for banks under the UK’s new regulation framework.

rishi sunak nov 20

UK financial sector blueprint centres on fintech and green bonds

November 11, 2020

Post-Brexit plans for financial sector focus on tackling climate change and promoting fintech.

Bank of England and rates

UK banks prep IT systems for negative rates

November 10, 2020

Lenders must respond by November 12 to Bank of England request on whether in-house tech is ready for below zero rates.

SMEs and IT

Credit options widen for the UK's embattled SMEs

November 2, 2020

Covid-19 has hit many smaller UK firms hard, but wider sources of credit and new dispute resolution mechanisms may provide a silver lining.

downgrade 16x9

Moody’s downgrades UK banks as pandemic bites

October 23, 2020

Negative impact on creditworthiness will increase in proportion to severity and duration of crisis, says rating agency.

loan losses

Western banks brace for loan loss surge

October 19, 2020

Write-offs at big banks in the UK, the US and Australia are expected to rise as government stimulus expires, according to Moody’s.

Imran Gulamhuseinwala, Open Banking Implementation Entity

Open banking UK rollout gathers pace

October 15, 2020

Government-backed initiative to allow registered third-party providers access to consumers’ financial data has two million users.

oaknorth2

UK challengers seize SME opportunity to gain ground

September 29, 2020

Incumbent banks' tendency to prioritise larger clients has created a gap in the market during Covid-19 crisis.

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