Jennifer Surane

J Sainsbury Plc inked a deal to offload its Argos credit-card portfolio to NewDay Group for £720 million ($935 million) as the UK grocer shrinks its financial services offerings and focuses on retail.

NatWest Group Plc bought back £1 billion ($1.29 billion) of its shares from the UK government as the Treasury continues to sell down its stake in the lender.

The UK’s Financial Conduct Authority will write to the Supreme Court to ask it to move quickly on deciding whether it will take up a pair of market-moving cases involving auto lenders and how fairly they treated their customers.

Chancellor of the Exchequer Rachel Reeves believes the UK’s crackdown on banks in the wake of the global financial crisis has gone too far and vowed to give the country’s watchdogs new marching orders to ensure they’re focused on growing the economy.

The UK’s Financial Conduct Authority is considering giving lenders more time to respond to customers complaints regarding fixed commissions on their auto loans as it weighs expanding a monthslong probe into the matter.

Großbritannien erwägt, weitere Beschränkungen für Bankerboni aufzuheben. Damit will das Land auf dem globalen Finanzmarkt wettbewerbsfähiger werden.

Los planes están avanzando para una oferta pública inicial del negocio Banamex de Citigroup Inc. en México después de que el banco terminó una división de sus operaciones en el país.

American Airlines Group Inc. chose to make Citigroup Inc. the exclusive issuer of all of its credit cards, pushing out Barclays Plc from a three-way deal the companies long had in place.

A top UK regulator is moving forward with a proposal that would cap how much British merchants pay in credit-card fees on certain purchases made by European consumers, risking retaliation from lawmakers on the continent who feel their banks are being treated unfairly by Britain.

Two of the world’s largest real estate investors partnered to buy a €540 million ($567 million) portfolio of student housing across France from Gecina, as demand for the space continues to swell among major asset managers.