50 h. ago Barclays earnings dip after raising car finance compensation bill to £325m

The banking group made a pre-tax profit of £2.1 billion for the third quarter, between July and September, down 7% on the prior year.

Economics

50 h. ago Barclays profits fall as bank sets aside further £235mn for car finance payouts

London-listed bank announces £500mn share buyback and slightly increases 2025 guidance

Economics

50 h. ago Barclays suffers £110mn hit from Tricolor collapse as bank’s profits fall

London-listed lender announces £500mn share buyback even as it sets aside further £235mn for UK car finance payouts

Economics

4 d. ago Rachel Reeves urged to hike tax on banks’ 'bumper profits' to raise cash

Chancellor Rachel Reeves is being urged to increase tax on banks’ 'bumper profits' to raise investment for Britain's strugglinh hospitals, schools and local councils.

Economics

5 d. ago What is private credit, and should we be worried by the collapse of US firms?

First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banksThe collapse of two US firms, First Brands and Tricolor, has shone a light on private credit and its growing influence in the global economy.The failures have led to ballooning losses at traditional banks, and, coupled with worries about the health of US regional banks, have raised concerns about weak lending standards and potential threats from an opaque corner of the so-called shadow banking sector. Continue reading...

Economics

7 d. ago Head of IMF says risks in private credit market keep her awake at night

Kristalina Georgieva urges vigilance over ‘very significant shift of financing’ after collapse of Tricolor and First BrandsThe head of the International Monetary Fund has admitted that worrying about the risks building up in non-bank lending markets keeps her awake at night.Kristalina Georgieva on Thursday urged countries to pay more attention to the private credit market, after the failure of the sub-prime auto lender Tricolor and the car parts supplier First Brands. Continue reading...

Economics

9 d. ago JP Morgan boss says more ‘cockroaches’ will emerge after private credit sector failures

Jamie Dimon expects further weak links in ‘shadow banking’ sector to be revealed after collapse of two US firmsThe boss of JP Morgan, Jamie Dimon, has warned over further losses linked to the private credit sector, saying more “cockroaches” could emerge after the collapse of the sub-prime auto lender Tricolor and the car parts supplier First Brands.The bank said on Tuesday that although it had no exposure to First Brands, which sells car parts across the US, it had taken a $170m (£128m) hit from Tricolor, which collapsed amid fraud allegations last month. Continue reading...

Economics

2 w. ago UK monitors First Brands and Tricolor collapses for private credit risks

Failures of two US companies reliant on asset-based lending prove ‘useful case studies’, Financial Conduct Authority says

Economics

last month Auto lender’s bust signals strain in financial health of US households

Tricolor’s collapse highlights struggles of low-income consumers and their impact on the broader American economy

Society