United Kingdom

Iain Withers

NatWest swings to profit as pandemic loan charges fall

30 Oct 2020

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.

Home loan boom boosts Lloyds Bank profit

29 Oct 2020

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.

RPT-FOCUS-Banks roll out robots as pandemic shakes up IT plans

29 Oct 2020

* Bank IT spending to fall for first time since 2009 - IDC data

Banks roll out robots as pandemic shakes up IT plans

29 Oct 2020

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.

Barclays beats profit forecasts as CEO Staley aims to stay on

23 Oct 2020

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

Analysis: Sub-zero rates' squeeze on UK bank profits may scupper lending boom

22 Oct 2020

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.

FOREX-Dollar set for biggest weekly gain in a month as stimulus talks falter

16 Oct 2020

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E (Updates prices)

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