Jeremy Hunt to hold summit with bank CEOs over dwindling valuations
Chancellor of the Exchequer Jeremy Hunt has called a meeting with the CEOs of the UK’s biggest banks to address their share price weakness.
Source: investmentweek.co.uk
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Reeves convenes new British infrastructure council
Chiefs from Lloyds, HSBC, Santander, Phoenix, Fidelity and US firm Blackrock are among members of the body.
Source: irishnews.com
Santander's Profits Soar 20% But Cautions Borrowers Of The Impending Impact Of High-For-Longer Interest Rates
Santander's profits rose by 20 per cent achieving an attributable profit of €8,143 million in the first nine months of 2023, but warn borrowers of the Impending impact of high-for-longer interest
Source: ibtimes.co.uk
Santander UK backs financing platform for nature projects in Lake District
Scheme marks next step in banks' partnership with National Parks
Source: businessgreen.com
UK lenders 'can withstand major shock'
Britain's top lenders have passed stress tests to show they can withstand a major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday."The results of this stress test showed that the UK banking system would continue to be resilient, and be able to support households and businesses, even if economic conditions turned out to be much worse than we expect."
Source: yahoo.com