Around 500 jobs at risk at Nationwide in head office shake-up December 8, 2023 Nationwide has said around 500 workers are at risk of redundancy as part of an overhaul of head office operations at the building society.
Labour no longer ‘sneering at business’ as it calls in City grandees December 8, 2023 The Labour party has said it is no longer “sneering at business” as it announced 10 new advisers for the City, including the chief of the London Stock Exchange and former chair of the Financial Conduct Authority.
‘Damp Squib’? Treasury hits back after Edinburgh Reforms slammed by MPs December 8, 2023 The Treasury has hit back at an assessment of its landmark Edinburgh Reforms for the City, which were today labelled a “damp squib” in a scathing attack by an influential group of MPs.
FCA: Banks could be forced to enshrine cash access as branch cuts press on December 7, 2023 Banks and building societies will be forced to ensure customers have access to cash amid fears that the shift to digital payments is shutting out swathes of the population, under new rules tabled by the Financial Conduct Authority (FCA) today.
Woodside and Santos in talks to form Australian oil giant December 7, 2023 Combining two of Australia's largest oil and gas producers would be the largest corporate deal in the country for several years
Investment banks search for any port in a storm amid City’s dealmaking slump December 7, 2023 A listings drop off has hurt smaller investment banks and brokers. Now they may be looking for deals and combinations of their own.
Standard Life boss on why 14m pension savers could be sleepwalking into disaster December 7, 2023 Charlie Conchie interviews the biggest movers and shakers in tech, fintech and financial services. This week he talks about the importance of pensions and language with Standard Life boss, Andy Curran. When Andy Curran moved from Glasgow to Reading in 1989 for his first job in the pensions industry, he came up against a cultural [...]
Coventry Building Society launches bid for Co-operative Bank December 6, 2023 Coventry Building Society has reportedly put forward a takeover offer for the Co-operative Bank. The deal would effectively demutualise the bank and create a financial services powerhouse with close to £90bn in assets, the report added.
Bank of England: Economy resilient but full force of interest rates yet to come December 6, 2023 UK firms have shrugged off the worst of a rapid interest rate tightening cycle this year but the full force of hikes is yet to filter through to businesses, the Bank of England warned today.
Paragon Bank: Shares jump 10 per cent as specialist buy-to-let lender announces new buyback December 6, 2023 Nigel Terrington, chief executive of financial lender Paragon Bank, announced a further £50m share buyback for 2024 financial year.