Jack Ma’s Alibaba chases ‘$20bn Hong Kong float’ May 28, 2019 Alibaba is seeking to raise up to $20bn (£15.8bn) in a Hong Kong float, it is reported. Read more: DEBATE: Does Jack Ma deserve criticism for backing the ‘996’ working week? The listing would be its second after a 2014 $25bn initial public offering (IPO) on the New York Stock Exchange. The online retail and cloud [...]
Ranked: The high street banks with the most IT outages March 4, 2019 UK banks are suffering IT outages or security failures at a rate of more than one a day, new figures from the financial watchdog have revealed. The Financial Conduct Authority (FCA) now requires banks to publish information on IT failures. Read more: Barclays down: Banking app outage hits customers Analysis conducted by Which found there [...]
Barclays, Lloyds and Natwest launch business hubs as branch closures hit small firms March 11, 2019 Three of the UK’s largest banks have unveiled plans for joint business hubs amid fears small firms are being hit by branch closures. Natwest, Lloyds Bank and Barclays have announced the pilot, which will see six business banking hubs launched across the country. Read more: Digital bank Monzo in discussion with Post Office over cash [...]
Brock Pierce shares views on privacy and DeFi with crypto leaders August 20, 2021 Philanthropic cryptocurrency evangelist Brock Pierce offers up his thoughts on privacy and DeFi with other crypto leaders.
Majority of London offices cancel Christmas parties in face of new restrictions October 28, 2020 Almost all London offices have parked the tinsel and cancelled their Christmas parties this year, according to new research, as the capital faces a bleak festive season under Tier 2 restrictions. More than 95 per cent of London businesses have cancelled bookings for traditional office parties this Christmas, after the capital’s move to “high” alert [...]
Sainsbury’s Bank outage: Customers locked out of online banking June 18, 2019 A Sainsbury’s Bank outage spurred customers to take to Twitter today to complain they could not access their accounts online. Read more: The UK banks with the most IT outages Neither the supermarket’s new app nor online banking service wereworking for customers, with Down Detector reporting dozens of complaints this morning. An outage map showed [...]
HSBC, Citi, Goldman and Deutsche Bank pause plans to return to office September 23, 2020 Banks have rushed to pause plans for staff to return to their UK offices following fresh government guidance on coronavirus. Deutsche Bank and Citigroup have also encouraged staff to return to work remotely amid concerns over rising Covid-19 cases. Read more: City firms begin to send workers home after new government rules The banks’ changes [...]
Barclays online banking outage leaves customers unable to access bank accounts February 14, 2019 Banking giant Barclays has apologised to customers after an online outage left many unable to access their accounts today. Customers said they were prevented from accessing the Barclays mobile banking app and other online services for much of the morning. Read more: TSB falls to £105m loss after IT disaster The bank received a flurry [...]
City firms begin to send workers home after new government rules September 22, 2020 City firms have begun to send workers home after the government today told people to begin working from home again where they can. About 1,000 Barclays staff will revert to home working due to the new coronavirus advice, the bank said today. Although around 22,000 employees had remained working from the lender’s offices during the [...]
Women in banking are judged differently, says Dame Jayne-Anne Gadhia August 18, 2020 Former Virgin Money boss Dame Jayne-Anne Gadhia has said she believes women in the City are treated differently to men. Gadhia, who left Virgin Money to set up fintech startup Snoop, recalls being labelled a “bloody difficult woman” throughout her career. Speaking to entrepreneur podcast “Can I ask you a personal question?” she said: “There is [...]