Major Japanese financial institutions have reported improved profitability due to rising interest rates, according to the Bank of Japan's annual report on the banking sector. buff.ly/cla5XAX #finance #banking

#WarburgPincus and #KKR are negotiating to acquire #Gerresheimer, a German manufacturer of packaging and medical equipment. The private equity firms have become the leading contenders after other bidders, including #BainCapital, withdrew. #PrivateEquity #finance #banking

Société Générale plans to appoint Ingrid-Helen Arnold and Olivier Klein as independent board members. buff.ly/E4ez7Bk #finance #banking

Legal & General has announced a £500m share buyback this year and confirmed plans to return more than £5bn to shareholders over the next three years. buff.ly/h4YN9xT #Finance #Banking #FinancialServices

UK financial leaders are calling for a mortgage lending overhaul, pushing to lift the 4.5x loan-to-income cap and allow lenders to set their own affordability checks. The goal is to support first-time buyers and foster growth in financial services. #MortgageOverhaul #UKFinance

Citigroup has plans to dramatically reduce its reliance on information technology contractors. buff.ly/35l5LC3 #Citi #finance #Banking

UK fintech leaders, including executives from Revolut, Stripe, and Wise, met with Chancellor Rachel Reeves to discuss growth and policy changes. The focus is on making the regulatory framework more competitive and supporting the fintech sector’s continued success. #FintechGrowth

UBS is contemplating the sale of part of its asset management division, primarily focused on Swiss real estate investments, as it seeks to revamp its smallest business unit. buff.ly/QqrHTC2 #UBS #finance #banking

BNP Paribas BP, the Polish arm of BNP Paribas, reported a net profit of 2.36bn zlotys (£611.76m) for the financial year, surpassing the forecast of 2.18bn zlotys. buff.ly/vKIpktR BNP Paribas Group #finance #Banking

OakNorth, the British digital bank founded by Rishi Khosla, is set to announce the all-share acquisition of Michigan-based Community Unity Bank (CUB).

Sainsbury's Bank halts new savings applications ahead of its takeover by NatWest, set for May. Existing applications before March 13 will still be processed. Personal loans, credit cards, and savings will transfer to NatWest after May. #BankingNews #Sainsburys #NatWest

The FCA is considering raising or removing the £100 limit on contactless card payments to boost consumer choice and economic growth. Public consultations are underway to ensure protection against fraud. #ContactlessPayments #FCA #UKEconomy

The BRC is urging the FCA to tackle rising card fees, highlighting a £1.6bn spend by retailers in 2023. With cross-border fees up post-Brexit, the BRC supports a price cap on interchange fees to support investment and growth. #CardFees #FCA #RetailGrowth

Savers are flocking to fixed-rate accounts, with 37% transferring funds in the last 3 months. As interest rates are expected to drop, more are planning to move money from instant access accounts. #Savings #FixedRate #InterestRates

Major US banks, including Chase, Bank of America, and Wells Fargo, have closed 145 branches in just five weeks, continuing a trend from earlier this year. Despite the shift to online banking, 45% of Americans still prefer in-person services. #Banking #BranchClosures #Finance

The UK Government is investing £600m to train bricklayers, electricians, engineers, and carpenters to fill 35,000 construction job vacancies. The initiative aims to boost the workforce and help meet the goal of building 1.5m new homes. #Construction #UKJobs #SkilledWorkforce

What do the US tariffs mean for UK small businesses? #TrumpTariffs #UKeconomy #SmallBusiness realbusinessrescue.co.uk/advice-hub/wha…

What do the US tariffs mean for UK small businesses? #TrumpTariffs #UKeconomy #SmallBusiness #USTariffs #DonaldTrump youtube.com/shorts/Vs2TbK6…

UniCredit plans a buyout offer for Banco BPM on April 28, while Credit Agricole increases its stake to 19.9%, challenging UniCredit's ambitions. This move disrupts the Italian Treasury's merger strategy. #BankingNews #UniCredit #BPM

🏠 UK house prices dip 0.5% in March The average property now worth £296,699. Year-on-year prices up 2.8%, but higher stamp duty charges are cooling the market. #UKHousing #HousePrices #RealEstate #MortgageNews