Legal and General is selling the London headquarters of one of the world’s oldest and most exclusive banks — just two months after acquiring its Strand offices in a £550m property portfolio deal. The sale of the Coutts & Co building at 440... Read More
Commercial mortgage bond investors, tired of waiting for the European market to recover after the financial crisis, have started lending directly Bloomberg reports. The 2007 European real estate crash triggered a number of defaults that had a severe... Read More
Britain’s first all-digital branchless bank has confirmed it will establish its bricks-and-mortar headquarters in the North-East. The pioneering company will initially recruit around 120 staff, but expects that to treble as the business grows. Atom... Read More
An interesting new trend has emerged on the high street – while retail and leisure firms continue to invest in growth and open stores, banking chains are increasingly choosing to close branches or alternatively open concessionary outlets in existing retail... Read More
A large number of the UK’s high street banks have in the past year decided to cut branch numbers, believing that this will allow them to run more efficiently and avoid another financial crisis of the type which triggered the recession. However, many... Read More
Demand for bank branches is likely to increase across England and Wales, according to Deloitte. Bricks and Clicks: Mapping the future of branches took data from 10,400 branches for close to 100 retail banks and building societies. It looked at how... Read More
The Royal Bank of Scotland has announced that it has sold almost 100 branches located in the Chicago area of the United States as part of the process of gearing up towards the stock market flotation of its American RBS Citizens Financial Group arm later this... Read More
SME lending has become a hugely contentious issue in the UK this year. On one hand, the government does not believe that sustainable growth can be achieved without small firms accessing the funds they need to expand, but on the other the banks remain wary... Read More
There was a time when you would need to visit the bank to make any changes on your account. Aspects like setting up a direct debit, making a payment to someone or checking your balance were all done solely in branches. But as the online market grew, the banks... Read More
According to a new study of UK customer loyalty in 2012, supermarkets could come out on top as customers’ bank of choice. The research carried out by The Logic Group and Ipos revealed, that while banks top the list for customer loyalty,... Read More
