Lloyds and Schroders forge wealth management alliance
Lloyds Banking Group announces strategic partnership with Schroders plc to create a new wealth management venture, combining Lloyds' extensive customer base with Schroders' investment expertise.
Category : Search result: banking sector outlook
Bank of England warns of banking sector instability
Andrew Bailey raises serious concerns about financial stability as Barclays, Tesco Bank and Lloyds face significant challenges in the current economic climate.
Barclays, Tesco Bank and Lloyds Cut Hundreds of Jobs
Major UK banks including Barclays, Tesco Bank and Lloyds Banking Group announce significant job cuts and branch closures as digital transformation accelerates across the banking sector.
Westpac ordered to allow work-from-home in landmark case
In a landmark employment decision, Westpac banking group has been ordered to allow flexible working arrangements after a senior employee won her case against returning to the office full-time. Discover how this ruling could reshape workplace policies acro
ANZ Banking App Crashes in Nationwide Outage
Thousands of ANZ customers across Australia were left stranded as both the mobile app and internet banking services crashed simultaneously, sparking fury and financial anxiety.
Lloyds Banking Group Hit by Major Service Outage
Thousands of UK banking customers were left stranded as Lloyds Banking Group services crashed, leaving accounts inaccessible and payments failing across multiple major banks.
Met Office: 'Anticyclonic Gloom' to blanket UK
The Met Office reveals a week of overcast skies and drizzle as high pressure brings what forecasters call 'anticyclonic gloom' to much of the UK, with only brief sunny intervals.
US Regional Bank Stocks Crash Amid Renewed Crisis Fears
American regional banks face renewed turmoil as NYCB's financial warning triggers sector-wide selloff, raising fears of another banking crisis and Federal Reserve intervention.
NatWest student account chaos leaves thousands stranded
Exclusive investigation reveals how NatWest's system failures have trapped students in banking chaos, with frozen accounts and mounting financial stress across UK campuses.
Westpac tightens savings rules for younger customers
Major Australian bank Westpac introduces stricter conditions for younger customers seeking competitive savings rates, requiring regular deposits and balance growth to qualify.
IMF Downgrades US Economy as Australian Tourists Avoid America
The International Monetary Fund slashes US growth forecasts amid Trump administration policies, while Australian travellers avoid America due to economic uncertainty and political tensions.
Week-long 'anticyclonic gloom' forecast for UK
The UK faces a prolonged period of dull, grey weather as high pressure brings widespread cloud cover and limited sunshine across most regions until next week.
IMF Cuts Global Growth Forecast as Trump Tariffs Bite
The International Monetary Fund warns of significant economic damage from new US trade policies, with UK growth projections downgraded amid global uncertainty.
Lloyds Bank cuts 1,600 jobs in restructuring
Lloyds Banking Group reveals plans to slash 1,600 jobs while creating 830 new roles in strategic restructuring. The changes affect multiple locations including Bristol and Edinburgh as the bank accelerates its digital transformation.
US Winter Forecast: Nor'easters and Heavy Snow Predicted
Exclusive winter forecast reveals America faces a season of intense nor'easters, significant snowfall, and prolonged cold spells that could disrupt travel and energy supplies.
Citi: China Economic Woes Threaten Global Markets
Exclusive analysis reveals how China's deepening financial crisis could trigger worldwide economic contagion, with Citi President warning of significant global repercussions.
Halifax, Lloyds & Santander cut 1,100+ banking jobs
Major UK banks Halifax, Lloyds and Santander announce significant job cuts affecting more than 1,100 positions while creating nearly 500 new roles in evolving banking sectors.
JP Morgan mandates biometric data for UK staff access
Banking giant JP Morgan requires all UK headquarters staff to share fingerprint and facial recognition data for building access, sparking privacy debates and union concerns.
Microsoft Services Crash: Minecraft & Outlook Down
Major Microsoft outage hits millions of users as popular services including Minecraft, Outlook email and Xbox Live experience widespread disruption. Technical issues reported across the UK and Europe.
Lloyds warns of bigger car finance scandal hit
Lloyds Banking Group reveals mounting financial pressure from the car finance mis-selling scandal, with provisions now expected to significantly exceed initial estimates as regulatory scrutiny intensifies.
Lloyds Bank Under FCA Investigation: Shares Drop
Lloyds Banking Group faces formal FCA investigation over potential regulatory breaches, sending shares plummeting as market confidence wavers.
JPMorgan CEO Dimon Issues Recession Warning
JPMorgan Chase CEO Jamie Dimon sounds alarm on economic turbulence ahead, highlighting inflation pressures and geopolitical risks that could impact British businesses and households.
Scottish Business Confidence Hits Record Low
New survey reveals overwhelming pessimism among Scottish businesses as economic stagnation bites, with concerns mounting over rising costs and political uncertainty.
Metro Bank glitch leaves customers with missing money
Thousands of Metro Bank customers faced payment chaos and missing money as a major technical glitch crippled online and mobile banking services across the UK.
Metro Bank App Crash: Customers Locked Out of Accounts
Metro Bank customers left stranded as mobile app and online services crash for hours, with frustrated users unable to access their money or make payments during widespread outage.
Banker sacked for lying about sexual harassment claims
A high-flying investment banker has been dismissed after an employment tribunal ruled he fabricated sexual harassment allegations against a female colleague in what's being described as a 'calculated campaign of deception'.
Banking Climate Alliance Collapses Amid US Pressure
The UN-backed Net-Zero Banking Alliance has been abruptly dissolved following US political pressure and legal threats, dealing a significant blow to global climate finance efforts.
UK Economy Stagnates as Construction Output Plummets
Britain's economic recovery hits a wall as construction output plummets 1.9% in April, wiping out service sector gains and raising Budget concerns for the Chancellor.
UK Economy Grows 0.4% in Q2 - Strongest Since 2021
Britain's economy delivered a powerful performance in Q2 2024, with GDP growing by 0.4% - the strongest quarterly expansion since late 2021. Services and production sectors lead the charge as the UK economy gains momentum.
Labour unveils pay boost and reform for England's care sector
The Labour government announces transformative plans to tackle England's care crisis with significant pay increases and a new national negotiating body, marking the biggest reform in decades.
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