Outlook is rosier says NatWest boss: Bank reports bumper profits

Outlook is rosier says NatWest boss: Bank reports bumper profits – but money laundering scandal casts cloud over costs By Lucy White For The Daily Mail Published: 22:54 BST, 29 April 2021 | Updated: 23:12 BST, 29 April 2021 Natwest raked in bumper profits in the first three months of this year after fewer people … Read more

JC Flowers and Bain Capital Credit take stake in the Co-operative Bank

US private equity giants JC Flowers and Bain Capital become major shareholders in the Co-operative Bank By Daily Mail City & Finance Reporter Published: 22:01 BST, 28 April 2021 | Updated: 22:01 BST, 28 April 2021 US private equity giants JC Flowers and Bain Capital Credit have become shareholders in the Co-operative Bank Two US private … Read more

April showers arrive LATE! Britons are set for damp May bank holiday weekend with mild 55F highs

Bank holiday staycationers would be wise to pack an umbrella as the country is set for a damp weekend with mild 55F highs before the downpours continue next week. Heavy bursts of rain are expected in the far southeast, northern and northeastern parts of the UK tomorrow as temperatures plummet below 50F for the rest … Read more

Best cash Isas: Marcus Bank opens its doors to everyone a week after launch

Will this trigger a tax-free savings war? Marcus Bank now opens its near-best buy Isa paying 0.4% up to EVERYONE after it launched the account last week Tax-free account from Marcus was finally launched after two years of waiting  It was initially open to existing customers only  It still does not accept transfers but the … Read more

Bank of England chief economist Andy Haldane to leave central bank

Surprise exit: Bank of England chief economist Andy Haldane to leave central bank after over 30 years Haldane will step down at the Monetary Policy Committee meeting in June He’ll be the new CEO of the Royal Society for Arts, Manufactures and Commerce He had been reappointed for a new three-year term as an MPC … Read more

RateSetter hands back £384m to 45,000 investors after Metro Bank takeover

Around 45,000 investors in the now-defunct peer-to-peer lender RateSetter have had their accounts closed and their money returned after it was taken over by Metro Bank last August. Customers began receiving emails from last Tuesday after the High Street lender in February gave investors two months’ notice that it had bought £384million worth of loans … Read more

RateSetter hands back £384m to 45,000 investors after Metro Bank takeover

Around 45,000 investors in the now-defunct peer-to-peer lender RateSetter have had their accounts closed and their money returned after it was taken over by Metro Bank last August. Customers began receiving emails from last Tuesday after the High Street lender in February gave investors two months’ notice that it had bought £384million worth of loans … Read more

Best cash Isa rates: Marcus Bank fails to spark a tax-free rate war

No green shoots for Isa savers as the new tax year sees saving rates fall as Marcus fails to spur a tax-free rate war Rates on easy-access Isas have fallen from 0.46% in March to 0.41%  March and April is usually ‘Isa season’ when banks compete for savers’ cash   Rates are now at an all-time … Read more

Bank robber pulls off heist after distracting witnesses with ‘an ugly tie’

Bank robber pulls off heist after distracting witnesses with ‘an ugly tie’ that has prevented them giving a description of his face to police The bank robber, believed to be in his early 20s, robbed a bank in Germany He was wearing a tie that was so ugly that when witnesses were asked for details … Read more