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UPDATE 1-Britain's Nationwide almost doubles profit as costs fall
21 May 2021

UPDATE 1-Britain's Nationwide almost doubles profit as costs fall

(Adds detail)By Lawrence White and Iain WithersLONDON, May 21 (Reuters) - Nationwide Building Society nearly doubled annual profit after improving in...

UPDATE 1-Bank of England eyes minimum risk rule for banks' home loans
5 May 2021

UPDATE 1-Bank of England eyes minimum risk rule for banks' home loans

* 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, ...

Bank of England eyes minimum risk rule for banks' home loans
5 May 2021

Bank of England eyes minimum risk rule for banks' home loans

LONDON, May 5 (Reuters) - There is a "strong case" for minimum 'risk weightings' on mortgages across all banks to ensure fair competition in the hom...

Britain's Nationwide tells all 13,000 staff: 'work anywhere'
25 Mar 2021

Britain's Nationwide tells all 13,000 staff: 'work anywhere'

By Lawrence WhiteLONDON, March 25 (Reuters) - Britain's Nationwide Building Society has told all its 13,000 office-based staff to work from anywhere...

UPDATE 2-Bank of England adapts bank stress test for pandemic era
20 Jan 2021

UPDATE 2-Bank of England adapts bank stress test for pandemic era

* Ring-fenced units excluded from 2021 test* Virgin Money UK to participate in test* Aggregate results published in the summer* Bank-by-bank results d...

You can repossess cars but not homes during COVID, watchdog tells UK banks
13 Jan 2021

You can repossess cars but not homes during COVID, watchdog tells UK banks

By Huw JonesLONDON, Jan 13 (Reuters) - British banks should avoid repossessing homes of mortgage customers for another three months but may reposses...

Record-low rates spur Bank of England review of mortgage affordability test
11 Dec 2020

Record-low rates spur Bank of England review of mortgage affordability test

By 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,...

UPDATE 2-Bank of England relaxes COVID curbs on bank dividends and bonuses
10 Dec 2020

UPDATE 2-Bank of England relaxes COVID curbs on bank dividends and bonuses

(Adds more detail)By Huw JonesLONDON, Dec 10 (Reuters) - Britain's banks can resume paying some dividends and bonuses as they appear well capitalised...