SME-focused challenger Bank North to wind down business
UK-based challenger lender Bank North, which aimed to disrupt the small business lending market, is winding down its operations, the Daily…
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Provident signs $1.3bn deal to buy Lakeland Bancorp
US-based Provident Bank’s parent Provident Financial Services has signed a definitive agreement to buy Lakeland Bancorp in a deal valued at $1.3bn. As per the terms…
JPMorgan to double staff at UK retail bank Chase
Financial services giant JPMorgan is looking to double its team at its UK retail arm Chase within two years, Reuters reported, citing Chase UK…
UK banks withdraw mortgage products citing volatile markets
UK banks have started withdrawing and repricing mortgage products due to volatile financial markets, Bloomberg reported. In an emailed statement, Lloyds Banking…
UK to remove banker bonus cap to boost banking sector
The Government of the UK has revealed a plan to lift an existing cap on bankers’ bonuses to deregulate London’s…
Citi plans to close UK retail bank to focus on wealthy clients
Citigroup is planning to close its UK retail operation to focus on affluent clients as the Wall Street bank transforms its international business. …
UK fintech firm Monese secures $35m investment from HSBC’ venture capital unit
UK-based fintech platform Monese has secured a $35m investment from the venture capital arm of banking major HSBC. The investment, which takes the…
Glenhawk, NatWest agree on £200m senior funding line
UK-based specialist lender Glenhawk has reached an agreement for a £200m senior funding line from NatWest Markets to lend £1bn annually by 2024. The…