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(Adds detail)By Lawrence White and Iain WithersLONDON, May 21 (Reuters) - Nationwide Building Society nearly doubled annual profit after improving interest income and margins as it shaved costs, it said on Friday.The bellwether mortgage lender repo...
Read more* Recovery from COVID may affect timing of rule-change* Woods hints at easing rules for global banks in London (Adds more detail)By Huw JonesLONDON, May 5 (Reuters) - There is a "strong case" for minimum rules for mortgages across all banks to ensu...
Read moreLONDON, May 5 (Reuters) - There is a "strong case" for minimum 'risk weightings' on mortgages across all banks to ensure fair competition in the home loans market, Bank of England Deputy Governor Sam Woods said on Wednesday.Woods said there is a "...
Read moreBy Lawrence WhiteLONDON, March 25 (Reuters) - Britain's Nationwide Building Society has told all its 13,000 office-based staff to work from anywhere in the country, in one of the clearest signs yet firms are making permanent the remote working arr...
Read more* Ring-fenced units excluded from 2021 test* Virgin Money UK to participate in test* Aggregate results published in the summer* Bank-by-bank results due in fourth quarter (Adds more detail on test, participants, graphic)By Huw JonesLONDON, Jan 20 (R...
Read moreBy Huw JonesLONDON, Jan 13 (Reuters) - British banks should avoid repossessing homes of mortgage customers for another three months but may repossess cars following the reimposition of tough lockdown restrictions across the UK, the Financial Condu...
Read moreBy Huw JonesLONDON, Dec 11 (Reuters) - The Bank of England said on Friday it would review the test that borrowers must pass if they want a mortgage, raising the prospect of obtaining home loans more easily.The BoE introduced a tougher "affordabili...
Read more(Adds reaction)By Huw JonesLONDON, Dec 10 (Reuters) - British banks can resume paying some dividends and bonuses after the Bank of England said they appeared well capitalised and resilient to any further coronavirus crisis fall-out.The BoE told Br...
Read more(Adds more detail)By Huw JonesLONDON, Dec 10 (Reuters) - Britain's banks can resume paying some dividends and bonuses as they appear well capitalised and resilient to any further fall-out from the coronavirus pandemic, the Bank of England said on ...
Read more(Adds bank comments)By Huw JonesLONDON, Dec 10 (Reuters) - Britain's banks can resume paying some dividends and bonuses as they appear well capitalised and resilient to any further fall-out from the coronavirus pandemic, the Bank of England said o...
Read more(Adds more detail)By Huw JonesLONDON, Dec 10 (Reuters) - Britain's banks can resume paying some dividends and bonuses as they appear well capitalised and resilient to any further fallout from the coronavirus pandemic, the Bank of England said on T...
Read moreLONDON, Dec 10 (Reuters) - Britain's banks can resume paying some dividends and bonuses as lenders appear well capitalised and resilient to fallout from the coronavirus pandemic, the Bank of England said on Thursday"The Prudential Regulation Autho...
Read more(Adds detail, comments)By Iain WithersLONDON, Nov 20 (Reuters) - Nationwide Building Society reported robust half-year profits on Friday despite a hit from a provision to cover likely unpaid loans due to coronavirus and losing ground to rivals in ...
Read moreOct 31 (Reuters) - The UK Financial Conduct Authority said on Saturday it would propose updates to its guidance to support mortgage borrowers on Monday, as the British government announced further measures to control the spread of COVID-19 in Eng...
Read more(Adds more detail)By Huw Jones and David MillikenLONDON, Oct 8 (Reuters) - Britain's full exit from the European Union could be bumpy for investors as banks staff new hubs in the bloc, but there are few threats to wider financial stability, the Ba...
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