Category : Search result: banking automation


Barclays charges £100 fee for 67p overdraft

A Barclays customer was left in shock after being charged a staggering £100 fee for a minuscule 67p overdraft. Read the full story of this banking scandal and how to protect yourself from similar charges.

Autumn 2025 Bank Closures: Full List of Shutting Branches

Exclusive: Major UK banks including Barclays, Lloyds, and HSBC announce a fresh wave of branch closures for Autumn 2025, leaving communities without vital local banking services and raising concerns about financial exclusion.

Amazon sacks UK drivers, replaces them with AI

Amazon has terminated hundreds of its UK delivery drivers, citing the success of its new AI-powered 'Project Cornucopia' logistics system. The move has sparked outrage from unions and raised serious questions about the future of employment in the age of a

Barclays & BoS Face Massive Fines Over Unfair Mortgages

The UK's financial watchdog, the FCA, is set to impose significant penalties on Barclays and Bank of Scotland for failing to offer existing customers the same competitive mortgage rates available to new clients, a practice affecting thousands of borrowers

Lloyds Bank to Close 45 Branches in 2025

Lloyds Banking Group announces the closure of 45 Lloyds and Halifax branches across England and Wales in 2025, citing a dramatic shift to digital banking. Discover if your local branch is affected.

AI Axes 800 Jobs at Mirror & Express Publisher Reach

Britain's largest newspaper publisher, Reach PLC, announces a drastic cost-cutting plan to replace hundreds of editorial roles with artificial intelligence, sparking fears for the future of local and national journalism.

Osborne's Robey Warshaw in shock Evercore takeover bid

Former Chancellor George Osborne's boutique investment bank, Robey Warshaw, is in advanced talks to acquire Wall Street giant Evercore in a monumental deal that would reshape the global financial advisory landscape and create a transatlantic powerhouse.

Hinton: AI Profits Will Cause Mass Unemployment

Exclusive: Turing Award winner and 'Godfather of AI' Geoffrey Hinton predicts a dystopian future where corporate AI profits lead to widespread joblessness and soaring inequality, urging for a radical rethinking of society.

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.

Gen X Most Vulnerable to AI Job Displacement, Study Reveals

Exclusive research from Access People shows Generation X faces the highest risk of AI-driven job displacement, with mid-career professionals in finance, law, and tech most vulnerable. Discover why this cohort is disproportionately affected.

HSBC ordered to repay £50k after pensioner scam failure

A retired NHS nurse from London lost her entire life savings in an authorised push payment scam. The Financial Ombudsman Service has now ruled HSBC must refund Katrina Harrison £50,000 after the bank's security systems failed to prevent the fraud.

EU Shelves Single-Pilot Plane Plans After Safety Report

Ambitious proposals to allow commercial airliners to fly with just one pilot have been shelved by EU regulators. A critical safety report has halted the move, prioritising passenger security over airline cost-cutting ambitions.

Taco Bell Plans AI Drive-Thrus for 1000 Locations

Fast-food giant Taco Bell is aggressively expanding its AI-powered drive-thru technology, with plans to install automated voice ordering systems in 1,000 US locations by 2024, signalling a major shift in the restaurant industry's approach to automation an

Reeves Forges New Pact with UK Banks to Boost Economy

Chancellor Rachel Reeves hosts landmark meeting with UK banking chiefs, unveiling a new 'shared commitment' to boost competitiveness and economic growth. Exclusive details on the new Mansion House reforms.

Oxford: AI Puts 8 Million UK Jobs at High Risk

Groundbreaking research from Oxford University reveals artificial intelligence could disrupt millions of British jobs, with white-collar professions facing the greatest threat from the AI revolution.

AI Threatens Graduate Jobs and Salaries, Report Warns

A startling new report reveals AI is not just replacing manual jobs but is now targeting graduate-level positions, threatening to suppress starting salaries and increase unemployment among the highly educated.

HSBC and First Direct Hit Major Online Banking Outage

Thousands of HSBC and First Direct customers across the UK were unable to access their online and mobile banking services due to a significant technical outage, with the bank issuing an apology and working to resolve the 'ERR03' error.

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 Public's Deep Distrust of AI and ChatGPT Revealed

A new Guardian piece reveals a deepening public distrust of AI like ChatGPT in the UK. Brits aren't just worried about job losses; they fear a fundamental loss of human connection and control. Discover the societal rift emerging as AI becomes ubiquitous.

Half of UK Adults Fear AI Will Take or Alter Their Job

Exclusive polling data uncovers a nation on edge, with 50% of UK workers fearing artificial intelligence will either replace them or significantly change their role. Discover the demographics most at risk and the growing call for government action.

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