Morgan Stanley, Merrill Lynch, Credit Suisse and Citigroup report gender pay gap March 27, 2018 Some of the biggest investment banks in the City have revealed major pay gaps between men and women working for their organisations. Morgan Stanley UK revealed that female employees received a wage which was 35.2 per cent lower than male counterparts on a median basis, while Bank of America Merrill Lynch and Citigroup both reported [...]
Five UK banks given Open Banking deadline extension by CMA December 19, 2017 Five UK banks have been given more time by the Competition and Markets Authority (CMA) to comply with Open Banking regulations. Barclays, Royal Bank of Scotland (RBS), HSBC, Santander and Bank of Ireland appealed to the CMA for a delay to the January deadline. Open Banking is a new digital standard that aims to give [...]
National Apprenticeship Week: The City’s best apprenticeships at Lloyds Bank, Barclays, RBS, Santander and HSBC March 7, 2017 Looking for a job but don’t have a degree? It’s National Apprenticeship Week – and the City has got well and truly involved. We’ve rounded up the best apprenticeships – the best bit is, you don’t even need a background in finance or banking. Santander: Digital technology degree apprenticeship Salary: £14,000 – £19,999 per annum [...]
Revealed: The full list of branches HSBC is set to close this year January 24, 2017 HSBC has announced 62 fresh branch closures today as part of its restructuring programme. This takes the total number of branches closing this year to 117. Here's a full list of the 62 branches HSBC just announced its closing: Alfreton Alnwick Ammanford Balsall Common Bedworth Blackpool, Birley Street Bletchley Brigg Bristol College Green Brompton Road Cardiff, Churchill [...]
RBS and HSBC remove advertising from Google over extremist content with M&S planning to follow suit March 20, 2017 RBS and HSBC have removed advertising from Google over extremist content, and Marks & Spencer is planning to follow suit, it has been revealed. [custom id="108"]
HSBC reveals it’s being probed by the watchdog over money laundering compliance issues February 21, 2017 HSBC revealed this morning it is being investigated by the City watchdog over potential shortcomings in its anti-money laundering controls. The bank's 2016 results statement, in which it also revealed its reported profits before tax had slumped 62 per cent to $7.1bn (£5.7bn), said it was "the subject of an investigation by the Financial Conduct Authority [...]
Now banks have pulled their Google ad spend as Royal Bank of Scotland, HSBC and Lloyds pile on pressure March 20, 2017 Google is facing growing pressure over claims it's profiting from hate speech as some of Britain's biggest banks are the latest to pull their ads from YouTube. Royal Bank of Scotland, HSBC and Lloyds have suspended their advertising with the tech giant following an investigation which revealed household brand names were appearing next to offensive and extremist [...]
Gender pay gap: Royal Bank of Scotland Group (RBS) pays women 37 per cent less than men February 23, 2018 Royal Bank of Scotland Group may have announced its first annual profit in a decade this morning, but it wasn’t all good news for the state-backed lender. RBS said it pays women about 37 per cent less than men on average, largely due to men holding more senior roles. The bank announced that women held [...]
Natwest to launch new fintech accelerator in London in April February 26, 2018 Natwest bank will launch new fintech accelerators in four cities across the UK in April, including one in the capital, it announced today. The bank will launch units in London, Manchester, Bristol and Edinburgh, supporting up to 80 fintech firms with a "technology team mentor" and access to government contacts. The six- to 18-month acceleration [...]
Downing Street calls City chiefs in for latest Brexit meeting January 10, 2018 Securing a Brexit transitional deal will be high up the agenda for the chief executives of some of the City’s biggest firms at a high-level roundtable tomorrow afternoon with Theresa May. Around a dozen senior figures from firms including Goldman Sachs, Barclays and HSBC are expected to meet the Prime Minister, along with chancellor Philip [...]