Nationwide announces major branch network changes
Nationwide Building Society announces significant restructuring across its UK branch network, affecting opening hours and services at multiple locations.
Category : Search result: banking sector layoffs
US Weights Banking Sanctions to Cripple Russia's War Machine
Exclusive: Washington considers sweeping new sanctions targeting Russia's banking sector that could cripple Moscow's ability to fund its war in Ukraine, according to senior officials.
Lloyds Bank explains customer access problems
Lloyds Banking Group explains ongoing technical issues affecting mobile and online services, with customers reporting login problems and payment failures.
NatWest warns against bank tax hikes as profits soar
NatWest CEO Paul Thwaite urges UK government to resist increasing banking taxes despite reporting a 27% profit surge, warning it could harm competitiveness and economic growth.
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.
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.
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.
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.
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.
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.
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.
HSBC restructures as Hong Kong boss departs, London HQ strengthened
Exclusive: Hang Seng Bank CEO Diana Cesar exits amid HSBC's strategic pivot to London headquarters, signalling major Asian restructuring for the banking giant.
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.
Lloyds faces FCA probe over motor finance practices
The Financial Conduct Authority has launched a formal investigation into Lloyds Banking Group's motor finance lending practices, raising concerns about potential customer harm in the lucrative car finance market.
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.
Revolut Founder Becomes UK Tax Resident
The billionaire CEO of British fintech giant Revolut has officially established UK tax residency, cementing London's status as Europe's premier financial technology hub.
FCA probes insider trading in banking shares
The Financial Conduct Authority launches investigation into suspected insider dealing surrounding major banking stocks including Lloyds and Barclays, causing significant market turbulence.
Metro Bank IT glitch shows false negative balances
Thousands of Metro Bank customers face financial chaos after major system failure incorrectly shows negative balances and blocks access to funds in widespread banking glitch.
Barclays £900 Switch Bonus: How to Claim
Barclays is offering one of the most generous bank switching bonuses of 2024. Discover how eligible customers can claim £175 upfront plus £725 in regular cashback through their Blue Rewards scheme.
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'.
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