2 minutes
Standard Chartered PLC has announced a further $1.5 billion (c. £1.2bn) share buyback following a 20% jump in underlying pre-tax profit to $6.8bn (c. £5.4bn) for the year ending 31 December 2024. This surge was driven by a 13% increase in operating income to $19.7bn (c. £15.6bn), w
3 minutes
A new report published by Temenos, the Swiss banking software company, has found that 65% of global banking executives believe branch-based banking will be “dead” within five years.
2 minutes
Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.
1 minute
The UK's six biggest banks and building society Nationwide are braced for today's results of the most exhaustive test of their ability to stand firm against 'Armageddon'.
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