LONDON NatWest reported better than expected third-quarter profit as COVID-19-linked provisions for bad loans dwindled, but it warned tougher times lie ahead as fresh social and economic restrictions to curb the pandemic begin to bite.
LONDON Lloyds Banking Group posted forecast-beating profits on Thursday, cashing in on a coronavirus-driven boom in demand for mortgages as it set aside a smaller sum of cash to cover loans turning sour due to the pandemic.
* Bank IT spending to fall for first time since 2009 - IDC
LONDON When banks were flooded with loan requests from businesses struggling with the fallout of the coronavirus pandemic, hastily built robots helped several lenders cope with the deluge.
LONDON Barclays on Friday reported stronger than expected third-quarter results thanks to a return to profit for the bank's consumer businesses and Chief Executive Jes Staley said he aimed to stay on for two more years. | Video
LONDON Negative interest rates would punch a big hole in UK banks' profits without necessarily delivering the intended lifeline to Britain's frail economy, senior bankers have warned.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E