The U.K. government’s mandate that the Royal Bank of Scotland (RBS) allocate about $1 billion for a fund intended to give a financial boost to industry competitors has hit roadblocks that could spark controversy as the first of the funds are issued. Get the Full...
The Financial Conduct Authority (FCA) announced Tuesday (Dec. 18) that U.K. banks made more than $3.03 billion from charging overdraft fees last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
HSBC Holdings and Standard Chartered, the two U.K. banks, have been embroiled in the Huawei Technologies scandal in which Canada arrested the company’s Chief Financial Officer Meng Wanzhou at the request of U.S. authorities, prompting China to warn Canada to release the CFO or face...
Financial Times reports that a number of banks in the U.K. have agreed to give smaller firms more power when it comes to complaints about their lenders (which include the banks) – a move that the publication said aims to “restore trust” in corporate banking....
August 06, 2018
Ironically, as the global economy has gotten stronger, payment cycles between buyers and suppliers have gotten longer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to […]
April 24, 2019
Masthaven, the U.K. specialist bank, and Värde Partners, a global alternative investment firm, announced Wednesday (April 24) the completion of the strategic £60 million equity investment by Värde Partners in Masthaven. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins […]
December 18, 2018
The Financial Conduct Authority (FCA) announced Tuesday (Dec. 18) that U.K. banks made more than $3.03 billion from charging overdraft fees last year. Get the Full Story Complete the form...
December 10, 2018
HSBC Holdings and Standard Chartered, the two U.K. banks, have been embroiled in the Huawei Technologies scandal in which Canada arrested the company’s Chief Financial Officer Meng Wanzhou at the...
November 30, 2018
Financial Times reports that a number of banks in the U.K. have agreed to give smaller firms more power when it comes to complaints about their lenders (which include the...
