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Matthew Ponsonby has resigned as BNP Paribas's UK head of global banking, with the bank confirming that a successor will be announced soon. A spokesperson praised Ponsonby for his significant contributions since joining in 2017, while he expressed pride in the progress made and mentioned moving to a "compelling opportunity."
The Berkeley Group Holdings PLC has reported a shift in major holdings, with Barclays PLC adjusting its voting rights position, which has now fallen below the minimum threshold. This change may affect shareholder dynamics and future strategic decisions for the company. Berkeley specializes in residential and mixed-use developments, primarily in London and the South East of England.
Santander has become the first major lender to relax its mortgage affordability criteria, allowing borrowers to access up to £35,000 more based on their income. This move aligns with recent guidance from the Financial Conduct Authority aimed at stimulating home ownership. David Morris, head of homes at Santander, emphasized the importance of helping customers achieve their homeownership dreams while maintaining responsible lending practices.
Goldman Sachs has appointed Steve Critchlow as head of client onboarding in EMEA, transitioning from Barclays where he was global head of client onboarding. This role, while seemingly mundane, is vital for improving client service efficiency, especially as Goldman aims to expand its client base from 100 to 150 top clients. Critchlow's practical approach is expected to address onboarding challenges that have previously affected other banks.
Lloyds Banking Group shares reached a new 52-week high, trading at GBX 193 ($2.48) before closing at GBX 73.27 ($0.94). Analysts maintain a "Hold" rating, with a consensus price target of GBX 62.40 ($0.80), while the company recently announced a dividend increase to GBX 2.11 ($0.03), yielding 3.01%.
Lloyds has sent 200 senior staff to Cambridge University for an AI bootcamp as part of a broader initiative to modernize its digital banking infrastructure. This move comes alongside a review of approximately 6,000 jobs within the company, aimed at enhancing its IT capabilities.
UBS has lowered its price target for Burberry from 1,300 pence to 918 pence, citing ongoing challenges in the brand's turnaround amid a weak market. The new CEO indicated that the company is in the early stages of its transformation, emphasizing that significant work remains to be done.
UBS has lowered its target price for Burberry to 918 pence from 1,300 pence, maintaining a neutral stance on the stock. The latest results have dampened enthusiasm for the brand's turnaround, highlighting the challenges in a weak sector. Burberry's new leadership acknowledges that the transformation project is still in its early stages.
The Amundi Index Solutions - Amundi STOXX Europe 600 IG Fund (ISIN: LU2873560218), launched on October 18, 2024, by Amundi Luxembourg S.A., focuses on tracking the Scientific Beta Developed Multi-Beta Multi-Strategy Four-Factor ERC Index. With a fund volume of GBP 9.67 billion, it aims to generate higher returns than the mid and large-cap stock universe in developed countries, utilizing an accumulating distribution type. The current share price is GBP 1,059.57, reflecting a decrease of 0.38%.
Barclays PLC, a leading British banking group, operates in commercial banking, financing, investment, and market banking, and credit card issuance. By the end of 2024, it managed GBP 547.5 billion in deposits and GBP 337.9 billion in credits, with income primarily from the UK (52%) and the Americas (32.7%).
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bnp paribas uk head of global banking resigns after successful tenure
13:50 28.03.2025
barclays reduces stake in berkeley group impacting shareholder dynamics
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santander relaxes mortgage rules to boost homeownership opportunities for borrowers
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