Metro Bank has learned ‘the hard way’ about costly branches, analysts say November 30, 2023 Metro Bank today announced a shift in strategy as it prepares to lay off 20 per cent of staff, considers cutting opening times and tries to simplify its business model to become more cost-efficient.
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
Metro Bank to cut 20 per cent of staff, review opening hours after £925m rescue November 30, 2023 Metro Bank said today its turnaround plan would require a great deal more cost surgery than previously anticipated.
It starts with a plan: COP28 and the transition to a net zero economy November 30, 2023 Political and business leaders, along with scientists and many others, are gathering in Dubai for the COP28 UN climate summit to focus on the urgent need for a rapid transition to a lower-emission world. To ensure that we don’t exacerbate existing social inequalities, we also need to ensure this transition is “just”. In other words, [...]
Bank spying powers to tackle benefit fraud inch closer to becoming law November 30, 2023 While wanting to stamp out benefit fraud is the right thing to do, granting the state extensive access to claimant's bank accounts, regardless of a fraud suspicion, is the wrong way to go about it.
Mark Kleinman: Telling Sid is a risk for Hunt’s Natwest sale November 30, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Deutsche Bank: Boss says firm is finally ‘robust’ but needs to do ‘better job’ explaining investment bank November 29, 2023 Deutsche Bank chief executive Christian Sewing has said he wants to "reward the shareholders" on the back of cost reductions but noted continued market uncertainty over the firm's investment banking business.
HSBC chief insists China ‘open to international business’ and worst of its property crisis is over November 29, 2023 HSBC chief executive Noel Quinn has reiterated his argument that the worst of China's property crisis is over, saying the country is "open to the international business community".
Bermuda to London: Hunt plots move to supercharge London insurance market November 29, 2023 The Chancellor, Jeremy Hunt, announced in his Autumn Statement that the Government plans to consult on a new framework to encourage the establishment of captive insurance companies in the UK.
Tech chief: It’s been ‘Black Friday all year’ on FTSE and the London Stock Exchange November 29, 2023 On the London Stock Exchange it’s been “Black Friday all year”, according to one of London’s top venture chiefs.