HSBC is contemplating a reduction of approximately 20000 jobs globally over the coming three to five years, as it seeks to leverage artificial intelligence to optimise its administrative functions. This
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Close Brothers Group plc is bracing for a potential £1.2 billion liability due to ongoing issues within its car finance division. The company has raised concerns about the implications of
Francesca Carlesi has officially taken the helm as the chief executive of Revolut UK, unveiling the company’s aims to become a leading banking choice for UK consumers. Carlesi stated that
The banking landscape in the United Kingdom is poised for significant changes, following the announcement that Revolut, the fintech powerhouse, has secured approval from City regulators for a full banking
Legal and General has announced a £1.2 billion share buyback as it aims to pursue further acquisitions, particularly in the area of pension risk transfers. This buyback represents the largest
In a significant shift towards a fully digital banking service, Lloyds Banking Group has announced that it will cease the opening of bank accounts for customers at branch locations. This
More than 60,000 graduates and school leavers applied for 2,000 entry-level roles at PwC last year. The surge of 35 per cent in applications reflects heightened competition for white-collar jobs,
The financial betting firm Plus500 has announced robust revenue growth, with preliminary results for 2025 indicating a rise in earnings and an optimistic outlook for the upcoming year. The company,
NatWest has announced its decision to acquire Evelyn Partners in a blockbuster cash transaction valued at £2.7 billion. This acquisition marks a significant move for NatWest, reinforcing its position within
Raman Bhatia strides through the modern London headquarters of Starling Bank, showcasing an ethos of optimism and innovation. As the newly appointed chief executive, Bhatia emphasises a commitment to transparency
Recent developments in the UK mortgage market reveal a significant shift as major lenders are beginning to relax their borrowing limitations. Four of the UK’s six largest mortgage lenders are
The UK’s largest wealth manager, St James’s Place, has demonstrated resilience in the face of economic uncertainty, achieving nearly £22 billion in new business over the past year. The company’s
The Bank of England has announced plans to significantly increase its workforce in Leeds, a move aimed at bolstering its regional presence while strategically reducing costs. This initiative is part
Stream, the workplace finance company focused on assisting low-income workers, has successfully raised 90 million from investors including Better Society Capital. This substantial funding aims to propel Stream’s expansion in
Goldman Sachs is reportedly turning its attention towards the burgeoning world of gambling via prediction markets. David Solomon, the chief executive of the bank, recently revealed that he has been
International Personal Finance has recommended that shareholders accept a £543 million cash acquisition offer from BasePoint Capital, marking the potential departure of yet another company from the London Stock Exchange.
