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* Climate stress test for 2021 under review* Work on liquidity at open ended funds paused* BoE to consider impact of loan-loss accounting rule (Adds detail)By Huw Jones and David MillikenLONDON, March 20 (Reuters) - The Bank of England cancelled th...
Read moreBy Huw JonesLONDON, March 17 (Reuters) - An accounting rule introduced after the global financial crisis faces its first big test as banks seek relief in the face of government calls to keep coronavirus-hit borrowers afloat.Since 2018 banks must p...
Read moreLONDON, March 16 (Reuters) - Britain's Nationwide Building Society said it will open some of its branches early for elderly and vulnerable customers during the coronavirus outbreak.Nationwide said it will open 100 of its branches from 0800 instead...
Read more(Adds Intesa statement on appointments to access branches)By Hans Seidenstuecker and Sinead CruiseFRANKFURT/LONDON, March 16 (Reuters) - Two of Germany's largest banks have temporarily shut hundreds of branches, while Italian lenders have shortened...
Read more(Adds statement from UK Finance, TSB, Nationwide)By Hans Seidenstuecker and Sinead CruiseFRANKFURT/LONDON, March 16 (Reuters) - Two of Germany's largest banks have temporarily shut hundreds of branches, while Italian lenders have shortened opening ...
Read more* Test scenarios are due in late March* Bankers want focus on real test, not theory* BoE governor, finance minister met bankersBy Iain Withers and Huw JonesLONDON, March 13 (Reuters) - Britain's banks have asked the Bank of England to scrap this yea...
Read more(Adds more detail)LONDON, March 10 (Reuters) - There is a case for intervening in Britain's mortgage market to help customers switch to better deals, the Financial Conduct Authority said on Tuesday."Based on our research, we believe there is a case...
Read moreLONDON, March 10 (Reuters) - Santander UK plc has appointed Nationwide executive Tony Prestedge as its deputy CEO, handing him a mandate to lead transformation of the lender as it battles to gain market share from high street rivals.Prestedge curr...
Read more* Borrowers can claim up to 600 pounds* Payout linked to improving property's energy efficiency* Follows initiatives from banks including Barclays (Adds detail on initiative, background)By Simon Jessop and Iain WithersLONDON, March 2 (Reuters) - Len...
Read more(Adds banking trade body comment)By Iain WithersLONDON, Jan 28 (Reuters) - Britain's banks have two weeks to explain changes to their overdraft pricing that will leave about 8 million consumers worse off, the Financial Conduct Authority (FCA) said...
Read more(Adds comment)By Iain WithersLONDON, Jan 28 (Reuters) - Britain's banks have two weeks to explain changes to their overdraft rates that will leave around eight million consumers worse off or face action, the Financial Conduct Authority (FCA) said ...
Read more(Recasts, adds consumer watchdog comment)LONDON, Jan 28 (Reuters) - Britain's banks have two weeks to explain changes to their overdraft rates that will leave around eight million consumers worse off or face action, the Financial Conduct Authority...
Read moreBy Iain WithersLONDON, Jan 21 (Reuters) - Britain's finance ministry has canvassed banks for ideas to boost the country's "left-behind" northern towns and cities, weeks after the governing Conservatives won an election promising to boost the regio...
Read more* BoE doubles UK banks' counter-cyclical capital buffer to 2% * Buffer will support up to 500 bln stg of lending in a downturn * All big UK banks pass 2019 stress test without raising capital (Adds Carney quote and reaction from ...
Read moreBy Iain Withers and Huw JonesLONDON, Dec 11 (Reuters) - Britain's mid-tier banks have asked the Bank of England to ease rules introduced after the financial crisis that they say hamper their efforts to compete with bigger rivals that have a tight ...
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