Category : Search result: banking sector outlook


Private sector jobs surge past pre-pandemic peak

Exclusive analysis of ONS figures shows a dramatic jobs market reversal, with private sector employment hitting a record high as the public sector workforce contracts for the ninth consecutive quarter.

OECD: UK to Lead G7 Growth in 2025 as Inflation Falls

The Organisation for Economic Co-operation and Development predicts the UK will be the fastest-growing economy in the G7 next year, with inflation expected to return to the Bank of England's 2% target. Chancellor Jeremy Hunt welcomes the 'major improvemen

CMA Launches Probe into Nationwide-Virgin Money Merger

The UK's Competition and Markets Authority has initiated a formal 'phase 1' investigation into the proposed £2.9 billion acquisition of Virgin Money by Nationwide Building Society, scrutinising potential impacts on consumer choice and competition.

Asian Markets Tumble on US Fed Rate Fears

Asian stock markets plunged sharply as fears of prolonged high US interest rates triggered a global sell-off. The Bank of Japan's intervention and regional banking concerns amplify the financial turmoil.

UK Job Cuts Accelerate at Fastest Pace Since 2021

New data from the Bank of England shows British businesses slashed jobs at the most rapid rate in four years during summer 2025, amid weakening demand and persistent economic pressures.

NatWest to close 26 bank branches in 2024

High street giant NatWest Group announces another wave of closures, shutting 26 branches across England, Scotland, and Wales in 2024, citing a dramatic shift to online banking.

TSB Banking App Crashes in Major Nationwide Outage

TSB's mobile banking app and online services have been hit by a major outage, leaving frustrated customers unable to access their money. The high street bank is investigating the technical meltdown.

Microsoft Outlook Email Service Crashes Across Europe

A major Microsoft Outlook and Microsoft 365 email service failure has caused widespread disruption for businesses and users across Europe, with login issues and send/receive errors reported for hours.

BOM Forecast: A Wet Spring Soaking for Australia

The Bureau of Meteorology's Spring 2025 Outlook forecasts above-average rainfall for eastern and northern Australia, with a heightened flood risk following saturated catchments. Southern regions brace for persistent damp conditions.

HSBC Banking App Crashes, Locking Out Thousands of UK Users

Thousands of HSBC UK customers were left unable to access their money as the banking giant's app and online services suffered a major crash. Frustrated users took to social media to report issues with logins, transactions, and balance checks.

UK GDP grows 0.4% in Q2 2024

The UK economy expanded by 0.4% in the second quarter of 2024, marking a modest recovery after earlier stagnation. Key sectors like services and production drove growth, though challenges remain.

CBA posts record $10.2bn cash profit

Australia's largest lender, Commonwealth Bank, posts a historic $10.2bn cash profit amid rising interest rates, sparking debate over banking sector accountability.

Lloyds to close 45 UK bank branches

Lloyds Banking Group announces the closure of 45 branches across the UK, impacting Halifax and Bank of Scotland customers. Find out the locations and what alternatives are available.

Metro Bank secures £925m rescue package

Metro Bank has finalised a £925 million rescue package, including £325 million in new capital and £600 million in debt refinancing, to stabilise its operations and reassure customers.

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