Santander UK has completed a £3 billion acquisition of rival TSB Bank, marking one of the largest investments in the UK banking sector in more than 15 years.
Lenders withdraw nearly 500 mortgage deals as rates hit 5%
The United Kingdom’s mortgage market has experienced significant volatility this week, with average fixed rates breaching the 5% threshold for the first time since August 2025. This escalation reflects growing
Santander has agreed to acquire TSB in a £2.6 billion deal.
Santander to Acquire TSB in £2.6bn Deal, Cementing UK Commitment
Major banks hit by online issues for a second month on payday
Some UK banks have experienced online banking issues on payday for the second consecutive month.
The week of 4th-8th November 2024- 4 Big interest rate decisions- And an election!
This week we await interest rate decisions from Australia, Brazil, the UK and US, the RBNZ delivers a Financial Stability Report and the Bank of England and Bank of Japan
The week of 28th October-1st November 2024- A blockbuster week for US data!
If you are following US data then this week has it all; 4 employment numbers, GDP, inflation metrics, Consumer Confidence, the ISM Manufacturing Index, 5 mega-stock earnings releases; the only
The week of 14th-18th October 2024- A big week for inflation metrics!
The only “non-surprise” for me last week is the persistence of US inflation! September’s figures for Core and Headline CPI both ticked higher to 3.3% and 2.4% y.o.y respectively.
TSB fined £11m for putting customers ‘at risk of harm’
The UK’s financial regulator has fined TSB Bank £10.9m for failing to fairly treat customers in financial difficulty over six years.
The week of 7th-11th October 2024- US inflation data the pick of the week!
I’m often surprised as to the credence given to the US Non-Farm Payrolls data release. It was only in August that the annual Payrolls figure was revised downwards by 818,000
The week of 30th September-4th October 2024- Beware October’s Autumnal Winds
October’s Autumnal winds can be scary as any one old enough to remember the violent UK hurricanes in 1987 will attest. This analogy holds true in the financial markets; think
The week of 23rd-27th September 2024- USDJPY strengthens in Carry Trade rally
Last week the USDJPY strengthened in a Carry Trade rally despite the Fed cutting US interest rates by 50bp, an uptick in Japanese inflation and the Bank of Japan keeping
The week of 16th-20th September 2024- The Fed will cut US interest rates this week!
The Fed will cut US interest rates this week! The Bank of England may cut interest rates too! And the Bank of Japan will probably stay on hold!