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Starling Bank’s profits fall amid regulatory scrutiny and legacy issues, while bonuses rise
Starlings Bank’s 2025 annual report reveals a 26% fall in pre-tax profits while staff bonus payouts increased fivefold.
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PRA publishes updated supervision framework for international banks
A guide to PRA’s final rules and policy on its approach to branch and subsidiary supervision.
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MiFID onshoring continued: PRA Consultation Paper CP9/25
The consultation is relevant to PRA-authorized banks, building societies and designated UK investment firms.
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BIS Report a call for action on central banking’s AI revolution
The report addresses the HR management implications of AI in central banks, looking at the potential development of AI and its use.
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PRA proposes increases to depositor compensation limits
Headline deposit guarantee to be increased to £110,000 ($141,900) and temporary high balance claims to £1.4m ($1.81m).
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FRC sanctions PwC for Wyelands Bank audit failures
Breaches of requirements were the result of the failure of the audit team to properly understand the bank’s lending and adequately consider the risks underlying its business model.
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UK Supreme Court blocks government intervention in motor finance case
The top Court is set to make a decision in the case in April, and its implication could be far-reaching.
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UK to make key change to non-dom tax regime related to overseas money
The decision is part of the government’s push to ease regulation and encourage foreign investment.