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Shares close down 8.4% as UK-based lender takes several charges in ‘messy’ final quarter of 2023
Shares close down 8.4% as lender takes several charges in ‘messy’ final quarter of 2023
Weakness in the region makes hefty payouts increasingly difficult to justify
Santander and HSBC worked on Petroperú bond issuance despite its record of Amazon oil spills
Bank will start disclosing emissions linked to capital raises for oil and gas groups as well as lending
Penalty is second-largest imposed by Prudential Regulation Authority
Moves follow similar action by HSBC and Halifax
Rising interest rates make offering transfers for free more attractive
Global bank seeks to take on popular fintechs with its multi-currency service
But HSBC boss Noel Quinn warns against ‘unleashing inappropriate amounts of risk-taking’
Firm declared position in filing to Financial Conduct Authority but subsequently blamed a technical error
Assets in Europe-domiciled passively managed funds grew threefold to €2.8tn between June 2014 and June 2023
Crisis-hit sector had ‘deep’ correction but can now recover, says Noel Quinn
Deal between the two lenders is a small one but the timing is good
Sherard Cowper-Coles said Britain had been ‘weak’ in response to US pressure
Sherard Cowper-Coles said at a private event the UK had given in to the US too easily
Companies analysis from our sister publication
Chief’s aggressive approach helps the bank over-deliver
Results strengthen bank’s hand against Ping An’s activist campaign to split business
Bank to reduce the cost of residential products by up to 0.35 percentage points
FCA demands data from providers ahead of consumer duty reforms
Chancellor calls for action from big lenders in Downing Street talks
CS provided banking services to some of country’s wealthiest citizens
Half-empty offices cause frustrations for young people on placements
UK and US politicians express ‘deep concern’ over bank curbing withdrawals from clients trying to emigrate
UK Edition