Barclays starts to cut hundreds of jobs in cost-saving bid and investment bank shake-up May 1, 2024 Barclays has reportedly started cutting hundreds of roles, including at its investment bank, as the group looks to cut costs and improve its share price.
Banks drive finance complaints up by a fifth as ‘unaffordable’ credit cards slammed May 1, 2024 Issues with banking and credit cards drove official finance complaints up nearly a fifth in the second half of last year, new figures show, as customers were hit by fraud and "unaffordable and irresponsible lending".
Lloyds, HSBC, Barclays and Natwest results show consumer strength amid higher rates April 30, 2024 Barclays, Natwest and Lloyds reported first quarter results last week while HSBC updated investors this morning.
Lloyds, HSBC, Barclays and Natwest set to report lower profits – but doubts over rate cuts could lift lenders April 20, 2024 The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.
Red Engine: Flight Club Darts and Electric Shuffle owner secures £60m boost April 9, 2024 Red Engine, the company behind Flight Club Darts and Electric Shuffle, has agreed a £60m funding boost to help it expand further across the globe.
Buy now, fail later? Banks struggle to cash in on Klarna’s success March 27, 2024 Natwest recently confirmed it would axe its buy-now pay-later scheme. Industry experts suggest the move could be a sign of things to come as traditional lenders struggle to gain a foothold in the market.
Tory MP Nadhim Zahawi in the running to become Very Group chair March 24, 2024 Conservative MP Nadhim Zahawi is reportedly in talks to become the next chair of online retailer Very Group, potentially joining the swathe of Tory politicians that will not stand in the next election.
Barclays and Citi reportedly prepare for investment bank job cuts amid dealmaking slump March 21, 2024 Banking giants Barclays and Citigroup are reportedly preparing to cut jobs in their investment banking divisions as the sector grapples with a slowdown in dealmaking.
High street bank bosses warn of rising fraud threat from social media March 20, 2024 Bosses from the UK's biggest high street banks have told MPs that they are improving their fraud reimbursement rates, while calling for greater cooperation with social media companies to prevent scams that originate on their platforms.
Lucy Frazer warns The Telegraph over leadership changes which breached government order March 4, 2024 The Telegraph recently announced the appointment of Anna Jones, former chief of Hearst Magazines UK, as the group's chief executive.