All the updated news related to prudential

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City

Prudential warns of Ukraine conflict risks as annual earnings jump

Insurance giant Prudential warned about risks of global economic and financial market fallout from the Ukraine conflict as it posted a jump in annual earnings. The Asia and Africa-focused group said Russia’s invasion of Ukraine has already caused ...

09 Mar 2022 at 11:25

City

Barclays freezes £22m share bonuses for former boss amid Epstein links probe

Barclays has frozen £22 million of bonus share awards made to former boss Jes Staley amid an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual report revealed it ...

23 Feb 2022 at 11:25

City

Metro Bank losses hit £245m as lender reels from fines and sanctions

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators and over historical global sanctions. The bank said pre-tax losses for 2021 hit £245.1 million, which was an ...

23 Feb 2022 at 11:55

City

Barclays freezes former boss’s share bonuses amid Epstein links probe

Barclays has frozen millions of pounds in bonus share awards made to former boss Jes Staley amid an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual ...

23 Feb 2022 at 09:25

City

Metro Bank losses hit £245m as lender reels from regulator fines

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators. The bank said pre-tax losses for 2021 hit £245.1 million, which was an improvement on the £311.4 ...

23 Feb 2022 at 09:25

City

Prudential names former Citi banker as new boss as pivot to Asia continues

Insurance giant Prudential has poached its new boss from a Canadian rival, it announced on Wednesday. The business said that former Citi banker Anil Wadhwani would pick up the reins in February next year. Prudential will tap ...

25 May 2022 at 14:38

City

Prudential boss to retire with replacement to be based in Asia

Insurance giant Prudential has said boss Mike Wells will retire at the end of March after seven years in the role, with his replacement set to be based in Asia. Chief finance officer and chief operating officer Mark ...

10 Feb 2022 at 10:25

City

Lenders have ‘obligation’ to support struggling borrowers, Bank governor says

Mortgage debt and home repossessions are much lower than during previous financial crises, the Bank of England’s governor said as he emphasised lenders’ “obligation” to support borrowers. In a meeting about the ...

16 Jan 2023 at 17:50

City

FTSE 100 edges towards record levels after further gains

The FTSE 100 inched closer towards record levels on Monday but stopped short of an all-time high as progress continued at a glacial rate amid the absence of US trading. Trading in London was cautious but still ...

16 Jan 2023 at 17:31

City

London’s stocks have worst day since start of Covid as banking crisis fears grow

Fears that the economy might be on the edge of another “2008-style crisis” caused shares in top European banks to plunge and dragged London’s FTSE 100 down to its lowest level this year. Jitters spread ...

15 Mar 2023 at 17:16

City

FTSE 100 slumps to lowest level this year as bank stock sell-off worsens

London’s FTSE 100 has slumped to its lowest levels this year as banking shares plunged amid resurging fears over the health of the global financial system. The sharp sell-off came ahead of Chancellor ...

15 Mar 2023 at 12:16

City

Prudential posts 8% earning rise and sees China reopening boosting 2023 sales

Insurance giant Prudential has reported a rise in annual earnings and said 2023 had “started well” as the removal of China’s Covid restrictions have helped boost sales. The group – which has ...

15 Mar 2023 at 08:10

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