Farage: Reform UK to contest City of London
Brexit architect Nigel Farage announces Reform UK's ambitious campaign to contest the City of London in upcoming elections, challenging traditional Tory strongholds.
Category : Search result: financial sector updates
FCA warns of Brexit talent drain threatening City
Exclusive: FCA executive warns of 'serious concern' as financial services professionals leave UK, with new research revealing worrying trends in banking and insurance sectors.
6 Money Changes Coming in November 2025
From energy bill adjustments to minimum wage increases and banking reforms, discover how six key financial changes in November 2025 will impact households nationwide.
PIP Shake-Up: New Disability Benefit Rules Revealed
The UK government is overhauling Personal Independence Payment with new assessment rules and payment structures. Discover how these changes could affect your financial support.
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.
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.
FCA Under Fire Over Soaring Consumer Complaints
The Financial Conduct Authority faces mounting criticism as consumer complaints against financial firms skyrocket, revealing serious gaps in investor protection and regulatory oversight.
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.
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.
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.
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'.
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.
Auto Collapse Sparks 2008-Style Recession Fears
The dramatic downfall of a major automotive player has triggered alarming parallels to the 2008 financial crisis, raising urgent questions about the UK's economic stability and sending shockwaves through the industry.
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.
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.
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.
BOE Governor: EU Rules Pose Material Risk to UK Stability
Andrew Bailey cautions that Brussels' post-Brexit financial regulations could create 'material risk' for the UK, urging for greater cooperation to prevent market fragmentation.
FCA pays £30k after Ombudsman ruling over misleading advice
The Financial Conduct Authority has been ordered to pay compensation after the Financial Ombudsman Service ruled it gave 'unclear and misleading' advice to a customer of Admiral Insurance.
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.
Australia's 2035 Climate Target Sparks Political Firestorm
Australia's Labor government faces intense scrutiny over its ambitious 2035 emissions reduction target of 65%, as Opposition Leader Sussan Ley launches fierce criticism and Energy Minister Chris Bowen defends the crucial climate policy.
Reeves' Tax Raid Backfires: Govt Staffing Hits Record High
Exclusive analysis reveals central government and NHS vacancies hit unprecedented levels despite Labour's promised employment crackdown, raising serious questions about the Chancellor's strategy.
Starmer: I wouldn't appoint Mandelson now
Prime Minister Keir Starmer expresses profound regret over appointing Peter Mandelson to his strategic council, citing a failure to fully grasp the extent of Mandelson's private sector interests at the time.
Trump Proposes Exempting Tips from Federal Income Tax
Ex-President Donald Trump proposes exempting tipped wages from federal income tax, a move that could put thousands of dollars back into the pockets of waiters and bartenders but faces significant legislative hurdles.
Queensland's Mine Rehabilitation Crisis: Who Pays the Bill?
Exclusive investigation reveals Queensland's ticking time bomb as mining giants leave taxpayers facing billions in rehabilitation costs for derelict sites, with prime agricultural land at stake.
Barclays Chief Urges Cap on Public Sector Pay Rises
Barclays CEO C.S. Venkatakrishnan calls for restraint in public sector wage increases to curb inflation, warning of economic consequences without fiscal discipline.
UK Economy Grows 0.4% in May, Exceeding All Forecasts
The UK economy grew by a stronger-than-expected 0.4% in May, according to the Office for National Statistics. Chancellor Rachel Reeves welcomes the data but warns of the 'challenge' inherited from the previous government.
UK Economy Stalls: 0.0% GDP Growth in April
New ONS data reveals the UK economy showed zero growth in April 2024, with a sharp slowdown from the 0.4% expansion in March. The services sector stalled while production fell, putting pressure on the next government.
Motorola's 7-Year Update Promise Beats Samsung
Motorola's new Edge 50 Ultra challenges Samsung and Google with an unprecedented 7-year Android update pledge, backed by the latest Snapdragon 8s Gen 3 chip.
Page 1 of 4