Edition:
United Kingdom

Iain Withers

RPT-UPDATE 2-Britain's Clydesdale bank commits to Virgin Money rebrand, more cost cutting

19 Jun 2019

LONDON, June 19 Clydesdale and Yorkshire Banking Group has laid out plans to challenge Britain's big banks, betting that a re-brand as Virgin Money and growth in business banking will help it shake up the market.

Britain's Clydesdale bank commits to Virgin Money rebrand, more cost cutting

19 Jun 2019

LONDON Clydesdale and Yorkshire Banking Group has laid out plans to challenge Britain's big banks, betting that a re-brand as Virgin Money and growth in business banking will help it shake up the market.

Lloyds Bank boss defends pension perks

19 Jun 2019

LONDON Lloyds Banking Group Chief Executive Antonio Horta-Osorio on Wednesday told lawmakers his pension and pay are in line with the market rate, amid widening scrutiny of the gap between bosses' and ordinary workers' pensions in Britain.

UK watchdog under fire for lack of penalties in RBS small-business scandal

13 Jun 2019

LONDON Senior politicians have lambasted Britain's financial watchdog for failing to take action against RBS or its former executives for past mistreatment of small business customers.

UPDATE 1-Spain's Banco Santander to cut about 200 jobs in UK business

04 Jun 2019

* Lender axing 20 pct of UK branches (Adds details, union comment)

British and EU market watchdogs trade blows over market access after no-deal Brexit

29 May 2019

LONDON A tussle between Britain and the European Union over where thousands of shares would be traded in the event of a no-deal Brexit escalated on Wednesday after Britain's financial watchdog accused its EU counterpart of risking disruption by restricting market access.

Metro Bank dodges major shareholder rebellion

21 May 2019

LONDON Metro Bank escaped a potential investor challenge at its annual meeting on Tuesday, but there were sizeable votes against several of its most senior directors. | Video

UK's Tesco to sell $4.7 billion mortgage book as competition bites

21 May 2019

LONDON Britain's biggest retailer Tesco will stop mortgage lending at its banking business because of tough market conditions, it said on Tuesday, as rival lender Nationwide Building Society reported a drop in profit margins.

Britain's Nationwide profits fall on IT spending, mortgage market competition

21 May 2019

LONDON Britain's Nationwide Building Society reported a 15% fall in profits for the year to April 4, as intense competition in the home lending market and increased spending on digital banking services ate into its margins.

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