Latest articles from UK

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.

Dragon teaser

London bridges gap between UK and China

September 24, 2020

Despite the uncertain political climate, London has emerged as a hub for Chinese finance – but Brexit could yet throw a spanner in the works. 

What legacy will Covid-19 leave for UK businesses and banks?

August 28, 2020

The UK needs a proactive supervisor and community banks to deal with the aftermath of the pandemic, says Philip Sinel.

Andrew Bailey

Despite mounting loss provisioning UK banks can take more pain, says Bank of England

August 13, 2020

Bank of England estimates that the UK banking system is well capitalised enough to get through a severe recession.

climate

UK banks ordered to plan for climate change risks by 2021

July 17, 2020

Financial firms warned reporting climate-related information will soon become mandatory.

rishi

UK government to tackle tough legacy Libor contracts

July 7, 2020

FCA to be given power to manage orderly transition from Libor to alternative rates.

bank of england

Bank of England tells UK banks to prepare for ‘hard Brexit’

June 11, 2020

Bank governor Andrew Bailey warns chiefs to be ready for ‘no deal’ scenario at end of 2020.

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