NatWest on fast trajectory back to private ownership, boss says Paul Thwaite says government’s exit from its stake in bank could come in first half of 2025 and will be a ‘great moment’
Vietnamese tycoon faces scramble to raise billions to avoid death sentence Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country
TSB appoints Marc Armengol as new CEO amid uncertainty over bank’s future Armengol to replace Robin Bulloch in 2025 but owner Sabadell faces $13bn hostile takeover bid by BBVA
George Osborne collects share of £30m after record profits at City advisory firm Ex-chancellor one of three partners to share sum at Robey Warshaw, co-founded by ‘trillion-dollar man’ Simon Robey
Russia’s rouble plunges to lowest rate since early weeks of Ukraine war Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third largest bank
Senior UK bankers will get bonuses years earlier under plan to relax rules PRA and FCA propose changes to bonus deferrals in bid to drive growth and improve UK competitiveness
FCA fines Macquarie Bank £13m for fictitious trades amid ‘serious failings’ Trader was able to record more than 400 fictitious trades over a period of 20 months, says watchdog
Barclays’ retreat over regulator’s Qatari finding is a cop-out Bank still does not accept FCA finding that payments of £322m to Qatari entities should have been disclosed
Barclays fined £40m for ‘reckless’ failures in 2008 Qatari fundraising Bank’s shares rise as it disputes FCA finding it should have disclosed more about deal during financial crisis
Brat banking: Charli xcx takes the stage in Revolut’s push to cleanse its image Two-day bash in London was part of ‘lifestyle brand’ push to snare younger customers
Remember the global financial crisis? Well, high-risk securities are back The shadow banking sector is trying its hand at trading in debt-based products such as collateralised loan obligations
UK bank fraud victims could face £100 excess on refund claims Despite new rules, many lenders have decided to implement the optional exemption
FCA plans to allow lenders longer to respond to car finance complaints Firms could get up to a year to respond to mis-selling complaints after shock court ruling last month
Santander puts aside £295m for car loan mis-selling Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal
HSBC to open London ‘wealth centre’ in effort to draw in premier clients Aimed at those with £100,000 to £2m, service in Mayfair will offer personalised banking and exclusive events