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UPDATE 1-UK watchdog tells banks: explain overdraft pricing or face action
28 Jan 2020

UPDATE 1-UK watchdog tells banks: explain overdraft pricing or face action

(Recasts, adds consumer watchdog comment)LONDON, Jan 28 (Reuters) - Britain's banks have two weeks to explain changes to their overdraft rates that w...

UK Treasury asks banks for ideas to boost 'left-behind' Northern towns
21 Jan 2020

UK Treasury asks banks for ideas to boost 'left-behind' Northern towns

By Iain WithersLONDON, Jan 21 (Reuters) - Britain's finance ministry has canvassed banks for ideas to boost the country's "left-behind" northern tow...

UPDATE 1-Bank of England tweaks rules to give banks 500 bln pound loan warchest
16 Dec 2019

UPDATE 1-Bank of England tweaks rules to give banks 500 bln pound loan warchest

* BoE doubles UK banks' counter-cyclical capital buffer to 2% * Buffer will support up to 500 bln stg of lending in a downturn * All b...

Small British banks want softer rules to help them compete
11 Dec 2019

Small British banks want softer rules to help them compete

By 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 f...

Britain's RBS launches digital bank Bó to take on start-ups
27 Nov 2019

Britain's RBS launches digital bank Bó to take on start-ups

* Bó aims to attract customers with limited savings* Online venture already targeted by fraudsters* RBS hopes venture will provide cheaper deposit fun...

UPDATE 1-Britain's Nationwide reports profits fall 33% as spending, competition bite
22 Nov 2019

UPDATE 1-Britain's Nationwide reports profits fall 33% as spending, competition bite

* First half profit was 307 mln pounds* Lender says technology spending on track (Adds further details)By Lawrence WhiteLONDON, Nov 22 (Reuters) - Na...

Bank of England to publish 2019 bank stress tests on Dec. 10
18 Oct 2019

Bank of England to publish 2019 bank stress tests on Dec. 10

LONDON, Oct 18 (Reuters) - The Bank of England said on Friday it would publish the results of its annual assessment of banks' readiness for financia...