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...
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...
HSBC has been given the go-ahead from the China Securities Regulatory Commission for its securities joint venture in China. HSBC owns 51% of HSBC Qianhai Securities. Qianhai Financial Holdings owns the remaining 49% stake AJ Bell has launched a Lifetime ISA on its...
Voice-recognition software used by HSBC to stop fraud was fooled by a BBC reporter and his twin brother. HSBC is reviewing ways to make the ID system more sensitive Research, conducted among 2000 UK adults by technology company Mulesoft, highlights a shifting trend in...
Monzo has prioritised launching current accounts for its 190,000 customers over the development of a full featured public API. However, the bank still intends to launch a public API and developer tools at some point next year. Tandem Bank has reportedly reduced...
