Browsing Category
Banks
HSBC Holdings PLC and Standard Chartered PLC back imposition of Chinese
The new laws have attracted criticism from international human rights groups as well as opposition politicians in Hong Kong, who fear they will be used to silence opposition to the Chinese Communist Party
Holdings PLC () and () have…
China to remain key to global economy says VSA’s Andrew Monk, despite
What does the future hold in the eyes of Andrew Monk, the onetime progenitor of Blue Oar Securities, Oriel Securities, and the current driving force behind ?
There’s certainly a Chinese flavour to it, that much is clear enough,…
Nationwide Building Society sets aside £101mln for coronavirus-related
said it has upped its bad debt provision by £101mln due to the potential impact of the coronavirus outbreak.
The additional provision reflects an increase in expected credit losses resulting from payment holidays and the economic…
Metro Bank PLC says deposits grew in March but lending curtailed
Net loans were down £169mln over the quarter as the lender said it undertook “proactive management of lending growth”
PLC () said loans shrank 1% and deposits grew 1% in the first quarter of 2020 compared the last quarter of 2019…
HSBC PLC’s exposure to Asia matters more in perception than reality,
The FTSE 100 lender's footprint in faster-growing markets such as Asia distinguishes it from many peers, the analysts said
Holdings () had its ‘sell’ sign removed by Berenberg on Thursday, as risks from coronavirus loan losses are…
HSBC Holdings PLC ‘faces rising risks as Hong Kong becomes proxy
Analysts at Jefferies have switched preference to Standard Chartered, giving it a double-upgrade
Holdings PLC’s () Hong Kong risks have been “over-discounted” by the market, said analysts at Jefferies, downgrading their rating on the…
Royal Bank of Scotland Group PLC’s profits almost halved by charges for
Group PLC's () profits almost halved in the first quarter of the year as it prepared for the economic effects of the coronavirus (COVID-19) pandemic.
The taxpayer-owned bank took impairment losses of £802mln, including a £628mln…
Monzo valuation could drop by 40% as customers curb spending
is reportedly in the final stages of negotiating a fresh round of funding that might see its valuation drop by 40%.
The fast-growing digital-only bank is looking to raise £70-80mln to strengthen its balance sheet, but the price of…
Banks told to extend support for struggling borrowers by another three
"The proposals provide an expected minimum level of financial support for consumers who remain in, or enter, temporary financial difficulty due to coronavirus"
Banks and credit providers have been told to extend payment holidays and…
Lloyds Banking Group PLC profit plummets after taking big coronavirus loan
PLC () profits plummeted 95% in the first quarter of the year after taking a sizeable write-down in preparation for bad loans resulting from the coronavirus crisis.
Britain’s biggest lender took an impairment charge of £1.4bn,…