Category : Search result: banking hubs


WH Smith CEO quits after major US accounting blunder

WH Smith's CEO steps down immediately after a £50m accounting error in its North American division slashes profits and wipes nearly £600m from market value. Discover the full story behind the retail giant's crisis.

Fourth US Bank Collapses as First Republic Fails

First Republic Bank becomes latest casualty in American banking turmoil, with JPMorgan acquiring assets in dramatic federal intervention following SVB, Signature and Silvergate failures.

Historic Mechanics' Institutes Reinvented for Modern Era

Discover how Australia's iconic Mechanics' Institutes are transforming from Victorian-era libraries into vibrant community hubs, offering everything from yoga classes to coding workshops while preserving their rich heritage.

HSBC sued over Bernie Madoff profits in major lawsuit

HSBC confronts explosive legal action alleging the banking giant knowingly profited from Bernie Madoff's notorious Ponzi scheme while ignoring clear warning signs in the largest fraud in Wall Street history.

NatWest Announces Major Banking Overhaul

NatWest Group reveals strategic transformation plan affecting Ulster Bank operations, customer services, and regional banking infrastructure across the UK and Ireland.

Australia's Libraries: More Than Just Books

Australian public libraries are experiencing a remarkable renaissance, evolving from quiet book repositories into vibrant community hubs offering everything from digital literacy classes to warmth during cost-of-living crises.

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.

Edinburgh Crowned UK's Top Tech Hub Outside London

Scotland's capital surges ahead of Cambridge and Manchester as leading technology centre, with record venture capital investment and booming startup scene transforming the city's economic landscape.

CBA Boss Confronted Over AI Sacking Scandal

A former Commonwealth Bank worker dramatically confronted CEO Matt Comyn after being terminated by artificial intelligence, exposing growing concerns about algorithmic accountability in Australia's banking sector.

Lloyds sets aside £450m for car finance claims probe

Exclusive: Lloyds Banking Group sets aside £450 million as FCA investigates discretionary commission arrangements in car finance market, potentially triggering compensation claims for millions of British motorists.

Lloyds adds £800m to car finance compensation pot

Lloyds Banking Group faces mounting costs as it allocates another £800 million to cover compensation for historical motor finance commission claims, bringing total provisions to a staggering £2 billion.

Lloyds sets aside £450m for car finance probe

Exclusive: Lloyds sets aside massive sum as FCA investigates discretionary commission arrangements in car finance market. Potential compensation claims could affect millions.

Ben Smith appointed Newcastle Building Society CEO

Newcastle Building Society announces Ben Smith as incoming Chief Executive, bringing extensive financial services experience to lead the mutual's next chapter of growth and member-focused strategy.

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.

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