Virgin Money has reported that underlying profit before tax increased to £128.6m in H1 2017 compared to £101.8m in H1 2016, with retail deposit balances rising to £29.6bn, +5% on FY 2016 and mortgage balances increasing to £31.8bn, +7% on FY 2016. Credit card balances...
TSB Bank is to introduce iris recognition to its mobile banking app from September 2017. Customers will need the latest Samsung Galaxy S8 to use the new authentication method Monzo has announced that it is planning to roll out between 10,000 and 20,000 current...
Bank of England has been told by a number of small banks that they could be forced to retreat from doing business in either the UK or Europe should Britain leave the EU with no deal in 2019 Barclays is under pressure to pursue a spin-off of its high street operations...
Barclays will be notified within two weeks on whether it faces a second set of criminal fraud charges over its emergency 2008 cash call with Qatari investors, according to the FT. Barclays’ chairman, John McFarlane, has said that Euro clearing should be kept in London...
Banks including Barclays, Royal Bank of Scotland Group, Lloyds Banking Group and Tesco Bank have all stopped buying and selling Qatari riyals. The foreign exchange service provided by many banks is supplied by a third party, which stopped providing the currency after...
Barclays is preparing to face US prosecutors over a possible multi-billion-pound fine for its role in the sub-prime mortgage collapse. The bank is expected to argue that it is not liable for alleged wrongdoing in the US. Co-operative Bank is close to negotiating a...
