The war of words between the UK government and banks about extensive losses over government-guaranteed loans during Covid-19 has escalated.
Western Europe
Latest articles from UK

Could the UK revoke guarantees for Covid-19 loan schemes?
August 24, 2022Lloyds Bank delivers strong performance
July 4, 2022The UK banking sector had a strong year in 2021, as the economy rebounded with impressive growth. Burhan Khadbai reports.
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Minding UK employment law
April 11, 2022When expanding into the UK, US institutions need to be aware of differences in employment law, as well as culture.

London keeps crown as Europe’s finance capital as Brexit job relocations fall
April 5, 2022Total planned Brexit-related moves in UK financial services sector drop by almost 60% from peak in 2016. Burhan Khadbai reports.

The changing face of sharia-compliant retail banking in the UK
March 9, 2022Al Rayan Bank’s CEO, Giles Cunningham, on the growth prospects for Islamic Finance in the UK, the bank’s pivot towards commercial property and the prospects for sharia-compliant banking in the UK.

US and UK banks bask in stellar third quarter results
November 12, 2021Surge in profits driven by pandemic rebound and M&A bonanza unlikely to last, say analysts.

Natwest vs the FCA: are retail banks fighting a losing battle?
November 3, 2021UK financial watchdog has shown it will use criminal rather than just civil regulatory powers to go after a bank that has fallen short on compliance.

Implications of the FCA’s new ‘use it or lose it’ approach
October 21, 2021Banks may be affected by the UK watchdog’s more proactive approach to cancelling regulatory permissions.

UK regulators’ muddled approach to non-financial misconduct
October 14, 2021The FCA has over-reached on a number of occasions and has then had to backtrack.

Social factors pose new risks for banks’ credit profiles
October 13, 2021Regulatory efforts in the UK and Europe to encourage diversity and access to cash could have an impact on institutions’ operating models.