UK
British digital lender Jaja secures £120m investment
UK-based digital lender Jaja Finance has secured an initial investment of up to £120m from a consortium of investors. The…
HSBC, IBM partner to explore quantum computing application in financial industry
British banking group HSBC has joined forces with technology giant IBM to explore applications of quantum computing in the financial services space. …
Chase launches new savings offering for British customers
Chase, the digital retail arm of US-based lender JPMorgan, has launched a new savings product for its customers in the UK. The…
UK government slashes stake in NatWest Group below 50%
The UK government’s shareholding in the NatWest Group is now below 50% after it sold its shares worth £1.2bn in…
HSBC intensifies scrutiny of customers with links to Russia
Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict In the…
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West announces new wave of sanctions on Russian banks and elites
Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict In retaliation…
Challenger bank Chetwood buys Yobota to bolster BaaS capabilities
British challenger bank Chetwood Financial has announced the acquisition of core banking provider Yobota for an undisclosed sum. Yobota's acquisition is aimed…
Lloyds Banking Group to close 60 branches with loss of 124 jobs
Lloyds Banking Group is planning to shutter 60 branches across the UK, which will impact 124 roles. As per media reports,…
NatWest plans to foray into BNPL space this year
British banking group NatWest is reportedly planning its foray into the burgeoning buy now, pay later (BNPL) market later this…
Review panel hints at need for softening rules on ringfencing UK retail banks
A review panel of the UK’s ring-fencing measures for the country’s retail banks has concluded that the regime should be retained for…