Press releases

1st Dec 2015 Back to top
  • HSBC and 35 other banks join industry-wide solution for UK audit confirmations

    Anthony Browne, the Chief Executive of the BBA, said: “The continued growth in the number of participating banks demonstrates that this is a very important service that will both benefit customers and reduce the risk of fraud. We’re delighted that HSBC have decided to join as this will further benefit tens of thousands of businesses throughout the UK.”

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25th Nov 2015 Back to top
  • October 2015 figures for the high street banks

    Richard Woolhouse, Chief Economist at the BBA, said:

    “These statistics show that housing market activity remained strong in October, with gross mortgage borrowing 26 per cent higher than a year ago and at its highest level for seven years.

    “Consumers remain confident and their incomes are growing. Mortgage rates are at multi-year lows and people are snapping up the very competitive deals being offered by banks.”

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19th Nov 2015 Back to top
13th Nov 2015 Back to top
  • BBA warns of threat to UK competitiveness

    A new BBA report “Winning the Global Race” today outlines key threats to the competitiveness of the UK as a centre for wholesale banking. Produced in conjunction with consultancy Oliver Wyman, the research shows that urgent action is needed if the UK is to remain an attractive location for foreign banks and provide a competitive business environment for UK wholesale banks to challenge overseas.

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26th Oct 2015 Back to top
  • September 2015 figures for the high street banks

    Richard Woolhouse, Chief Economist at the BBA, said:

    “Borrowing figures in the mortgage market remain strong as customers take advantage of record low interest rates. In particular, remortgaging remains high as savvy customers secure attractive deals ahead of a possible rate rise.

    “Credit card purchases were 6% higher last month than a year ago. Buoyant consumer confidence and rising wages may well be playing a role here.”

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22nd Oct 2015 Back to top
  • BBA response to provisional findings of the CMA review of retail banking

    Commenting on the provisional findings of the CMA investigation into the supply of personal current accounts (PCAs) and of banking services to small and medium-sized… Read more

  • Banking jobs shift to regional ‘hotspots’ outside London

    • Banking jobs shift from London as employment increases outside of the capital by 2,450 between 2013 and 2014
    • 77 local authorities ‘hotspots’ have faster growth in banking jobs than anywhere in London
    • Tunbridge Wells, South Gloucestershire, Chelmsford and North Tyneside among top ‘hotspots’ driving surge in regional jobs
    • Nearly 4,000 apprenticeships created by banks so far in 2015, with three quarters based outside London
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30th Sep 2015 Back to top
  • BBA response to European Commission Capital Markets Union Action Plan

    Anthony Browne, Chief Executive of the BBA, responded to the European Commission’s Action Plan on building a Capital Markets Union, saying:

    “The UK Banking Sector is strongly supportive of the Commission’s plans to build a Capital Markets Union that works for investors, businesses and, ultimately, consumers across the EU.”

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24th Sep 2015 Back to top
  • August 2015 figures for the high street banks

    Richard Woolhouse, Chief Economist at the BBA, said:

    “People are putting their money into bricks and mortar while interest rates are low and the timing of a likely rate rise remains uncertain.

    “Mortgage borrowing continues to pick up. The August increase is the largest in five years, although borrowing is still some way below pre-crisis levels.

    “Remortgaging numbers also continue to be strong, as shrewd homeowners snap up competitive deals.”

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21st Sep 2015 Back to top
  • Banks’ tax contribution climbs to £31.3 billion

    • Total tax contribution of the UK banking sector in 2014 estimated as £31.3 billion
    • For the six main UK banks this represents a 55% rise between 2010 and 2014
    • £15.3 billion was paid by UK-headquartered banks and £16 billion by foreign headquartered banks

    New figures published today show that the tax contribution of the UK banking sector climbed to £31.3 billion in 2014.

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