TheGuardian

APRIL 26, 2024

For first time since August 2021 people expect position to be better in a year, Paul Thwaite adds Consumer confidence is bouncing back in the UK, with people predicting a brighter financial future for the first time in two years, NatWest has said.

Groups 61

Groups 61

BankUnderground

APRIL 3, 2024

This blog specifically analyses UK corporate and household sectoral flows from 2000 to the present and highlights how this framework can reveal useful trends and signals for policymakers about the real economy. The corporates’ precautionary borrowing saw liquidity improve as they built up cash buffers with UK banks (purple bars in Chart 2).

Lending 63

Lending Analysis Policies Trends 63

TheGuardian

FEBRUARY 28, 2024

State’s one-third share in the bank, now worth about £6.7bn, is left over from the 84% holding taken during the 2008 financial crisis The UK government will look to raise as much as £3bn-£4bn from selling a chunk of its shares in NatWest bank to the public in a measure expected to be announced by the chancellor in his budget next week.

Retail 88

Retail Groups Marketing 88

TheGuardian

DECEMBER 26, 2023

Campaign at leading universities such as Oxbridge and UCL warns lender it will miss out on top talent if it finances fossil fuels Hundreds of students from leading UK universities have launched a “career boycott” of Barclays over its climate policies, warning that the bank will miss out on top talent unless it stops financing fossil fuel companies.

Policies 111

Policies Company Industry 111

TheGuardian

APRIL 23, 2024

Bank of England executive says creeping sense of complacency and lack of data is putting lenders at risk UK banks are leaving themselves open to “severe, unexpected losses”, by failing to properly measure how exposed they are to the $8tn private equity industry, the Bank of England has warned.

Data 88

Data Industry 88

TheGuardian

OCTOBER 25, 2023

decline in 2024 UK house prices will continue to slide this year and in 2024 and will not start to recover until 2025, Lloyds Banking Group has forecast. Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% in 2024.

Course 98

Course Groups Marketing 98

TheGuardian

SEPTEMBER 13, 2023

Number of payments using coins and notes rose 7% last year amid cost of living crisis, after a decade of decline Cash has mounted a comeback in the UK, with payments made using notes and coins increasing for the first time in a decade, data shows.

Management 111

Management Payments Data 111

The Paypers

APRIL 24, 2024

Digital investment platform Mnaara has expanded in the region of the UK to provide access to private market investments for Shariah-conscious investors.

Regional 41

Regional Marketing 41

Bobsguide

JUNE 4, 2020

Investment in UK fintechs expanded by 500 percent over the past five years, eclipsing levels in the US – which recorded 170 percent growth over the same period - and Europe, which recorded a 133 percent increase. A recent report has also found that UK fintechs received the greatest.

Fintech 202

Fintech US Report 202

TheGuardian

SEPTEMBER 13, 2023

Thinktank says replacements for European Investment Bank have backed ‘fewer, smaller and lower-risk projects’ New public sector lenders created by the government since Brexit are investing two-thirds less than the UK was receiving from the EU’s European Investment Bank, a new report finds.

National 112

National Report Policies 112

The Paypers

APRIL 16, 2024

Financial services provider UK Finance has announced its plans to work on an additional UK Regulated Liability Network (RLN) experimentation phase with eleven of its members.

Regulation 41

Regulation 41

The Paypers

APRIL 24, 2024

The UK government has published its plans which include the actions that are set to take place over the coming period for advancing a Smart Data economy.

Data 41

Data 41

TheGuardian

JANUARY 11, 2024

Millions of drivers could be in line for a payout, it has been claimed, after the UK financial watchdog opened an investigation into whether consumers had been unfairly charged inflated prices for loans on new and secondhand cars.

93

93

TheGuardian

NOVEMBER 28, 2023

CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election The chief executive of Lloyds Banking Group has fired a warning shot at UK policymakers, saying measures such as a windfall tax on banks should be ruled out before what is expected to be a hard-fought election year.

Taxes 101

Taxes Groups Regulation Policies 101

The Paypers

APRIL 29, 2024

US-based private equity firm Thoma Bravo has agreed to buy UK-based cyber security company Darktrace in all-cash transaction USD 5.3 billion deal.

Cyber Security 36

Cyber Security US Security Company 36

The Paypers

APRIL 24, 2024

UK Finance in collaboration with law firm Addleshaw Goddard has unveiled a report focusing on Variable Recurring Payments (VRPs) within commercial contexts in the UK.

Report 36

Report Payments 36

TheGuardian

MARCH 13, 2023

Silicon Valley Bank UK has been sold to HSBC for £1 , in a deal that protects depositors’ money says Treasury and Bank of England Full story: HSBC to buy Silicon Valley Bank’s UK operations Why Silicon Valley Bank was so important to UK tech sector Here’s Sky’s Ed Conway: Important developments. Continue reading.

Marketing 98

Marketing Operations 98

The Paypers

MARCH 14, 2024

AI-enabled payments network and shopping assistant Klarna has announced the launch of an Open Banking-powered settlement in the UK.

Payments 72

Payments 72

TheGuardian

NOVEMBER 1, 2023

Reported move over scheme run by British Business Bank pushes losses on to banks if borrowers fail to repay The UK government has reportedly removed state guarantees from almost £1bn in Covid-19 emergency loans, pushing potential losses on to banks if borrowers fail to repay them.

Report 89

Report Data 89

The Paypers

JANUARY 22, 2024

The UK and Japan have established a new partnership to strengthen their commitment to cybersecurity.

76

76

Bobsguide

JULY 15, 2020

In the UK, SMEs make up 98 percent of private sector businesses, and employ more than 16 million people. Evidently, small businesses and startups will be a vital part of the UK’s economic recovery. The pandemic, though primarily a human tragedy, is wreaking havoc on jobs and economies globally.

135

135

BankUnderground

JUNE 8, 2023

We focus on the following in a recent working paper : How have voluntary, climate-related disclosures of UK financial institutions changed over time? Figure 1: Machine learning pipeline First, we manually collect corporate reports of the biggest banks, building societies and insurance companies between 2016 and 2020 in the UK.

Policies 92

Policies Groups Regulation US 92

BankUnderground

NOVEMBER 16, 2023

Consistent with previous analysis of aggregate incomes , price indices and business surveys , we find no evidence of a rise in overall profits in the UK – prices have gone up alongside wages, salaries and other input costs. They play a major role in the UK economy – they account for 40% of total employment and almost half of total turnover.

Company 102

Company Trends Policies Taxes 102

TheGuardian

SEPTEMBER 14, 2023

Figures show that lenders flagged nearly £1.7bn of government-backed loans for potential fraud at end of June UK taxpayers have been forced to cover a larger bill for Covid support to companies than expected, after fresh government data showed the amount of pandemic business loans flagged for fraud had jumped by 43%.

Fraud 111

Fraud Data Company 111

BankUnderground

DECEMBER 20, 2023

Rising rents and monetary policy The recent rise in rents will be of significant concern to the 19% of households in the UK that are private renters, for whom housing costs already take up 33% of their income on average. So is there any evidence that monetary policy is pushing up rental prices in the UK?

Policies 101

Policies Albuquerque Regional San Francisco 101

The Paypers

NOVEMBER 28, 2022

The Government of the UK and the Monetary Authority of Singapore (MAS) have signed a cross-country memorandum of understanding (MoU), deepening collaboration in fintech, and strengthening their financial cooperation.

Fintech 98

Fintech 98

BankUnderground

JANUARY 17, 2024

We document the time-varying nature of stickiness by looking at the share of price changes and their distribution in the UK microdata. For example, Bunn and Ellis (2011) document stylised facts about pricing behaviour from the UK microdata and the August 2020 Monetary Policy Report used CPI microdata to inform policy.

Data 130

Data Policies US Regional 130

TheGuardian

FEBRUARY 28, 2024

Ministers are exploring possible options for selling down stake in bank to retail investors Business live – latest updates The UK government is understood to be in talks with brokers including AJ Bell and Hargreaves Lansdown to help it market shares in NatWest to retail investors as it explores possible options for selling down its stake in the bank. (..)

Marketing 70

Marketing Groups Retail Policies 70

The Paypers

APRIL 10, 2024

UK-based credit risk solutions provider Atto has partnered with analytics software company FICO to integrate Open Banking data into UK credit scoring.

Analytics 41

Analytics Software Data Company 41

BankInovation

SEPTEMBER 7, 2023

Adyen NV has won approval for a UK banking license, replacing its temporary post-Brexit permission to offer embedded finance and other payments services. The Dutch company said the Financial Conduct Authority’s authorization allows it to continue operations in its UK branch.

NV 64

NV US Operations Payments 64

BankUnderground

SEPTEMBER 22, 2023

Josh Martin and Julian Reynolds How much have higher import prices increased consumer prices in the UK and euro area? As net fuel importers, the UK and euro area have experienced an adverse terms of trade shock due to the surge in global energy prices, following Russia’s invasion of Ukraine ( Dhingra (2023) ). in the UK and 25.0%

National 83

National Policies Data US 83

BankUnderground

DECEMBER 1, 2022

In a new Staff Working Paper , my co-author and I build a structural model incorporating key features of the sectoral production input/output network in the UK, and then use the model to help us understand UK productivity dynamics since the global financial crisis (GFC). and then use the model to study UK productivity growth by sector.

Exercises 89

Exercises Study Industry Maine 89

The Paypers

JANUARY 20, 2023

The UK Centre for Digital Trade and Innovation (C4DTI) and the Electronic Transaction Development Agency (ETDA) have partnered to improve trading between the UK and Thailand.

Innovation 68

Innovation 68

The Paypers

MARCH 20, 2024

US-based trading app Robinhood has put on hold its plan to allow margin investing to UK-based consumers until further talks with regulators, as it launches in the UK.

Regulation 41

Regulation US 41

TheGuardian

JANUARY 3, 2023

Bank says changing minimum qualification policy opens scheme to 64,000 more candidates each year Santander UK will no longer require graduates applying to work there to achieve a 2:1 degree or higher, as part of efforts to boost the socioeconomic diversity of its recruits.

Policies 96

Policies 96

TheGuardian

JULY 11, 2023

Average rate rises to 6.66%, according to Moneyfacts, in more bad news for homeowners UK interest rates likely to rise again despite slowing labour market Two-year fixed mortgage rates in the UK have risen to the highest level since the 2008 financial crisis, adding to the pressure on homeowners.

Data 72

Data Marketing 72

The Paypers

APRIL 12, 2024

M&S and HSBC UK have partnered to augment credit, payment, and loyalty solutions for customers, aiming for a seamless digital shopping experience.

Payments 36

Payments 36