Lloyds Banking Group to shut major office impacting 500 staff January 15, 2025 Lloyds Banking Group will shut its office in Liverpool later this year, in a move set to impact the site’s 500 staff. The group said its decision to close its Speke location is part of broader plans to run “fewer, better-equipped” offices amid efforts to cut costs. In a statement, Lloyds said it has not [...]
Lloyds Bank ties bonuses to office attendance January 14, 2025 The Guardian reported that Lloyds is reviewing office attendance as part of its bonus targets for around 60,000 of its most senior employees.
Former Swiss finance minister warns about size of enlarged UBS January 11, 2025 UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss Finance Minister Ueli Maurer said.
Former HSBC banker to lead Australian lender ANZ December 9, 2024 Australian bank ANZ has appointed former HSBC banker Nuno Matos as its next chief executive after he missed out on the same position at the London-based lender this summer. Matos is set to join the Melbourne-based bank in July 2025 and replace Shayne Elliott, who is retiring from ANZ after nine years at the helm. [...]
London coaxes bankers back from political chaos in Europe December 8, 2024 Political chaos across Europe is pushing bankers to stay in London rather than follow through on plans to move to the continent. Following Brexit, many bankS began shifting certain roles across the channel, sometimes due to requests from European regulators, and sometimes to stay better connected to the continent. A senior banking source told the [...]
New HSBC boss continues leadership reshuffle with more executives to depart December 5, 2024 HSBC has announced the departure of several senior executives in the latest leadership reshuffle overseen by its new chief executive. Georges Elhedery, who succeeded Noel Quinn in September, said the changes will help Europe’s biggest bank “better focus on the businesses where we have clear competitive advantage”. They are part of a sweeping restructuring of [...]
Deutsche Bank boss: A ‘wave’ of European bank mergers is coming December 4, 2024 The chief executive of Deutsche Bank has predicted a “wave” of European bank mergers while playing down speculation he could make a bid for domestic rival Commerzbank. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Christian Sewing said consolidation in the sector will accelerate and could be supported further by changes to regulation. [...]
Barclays, Natwest and Revolut: Top bankers chew the fat at City summit December 3, 2024 Executives, investors and even royalty turned out for the first day of Financial Times’ annual Global Banking Summit in London on Tuesday.
Natwest boss says government could exit stake in first half of 2025 December 3, 2024 The chief executive of Natwest has said the bank could return to full private ownership in the first half of 2025, a move that would draw a line under the government’s bailouts of lenders during the financial crisis. Speaking at the Financial Times’ Global Banking Summit on Tuesday, Paul Thwaite said he was “delighted with [...]
Nationwide banks £2.3bn gain from Virgin Money takeover as profit tumbles November 27, 2024 Nationwide has bagged a £2.3bn gain from its acquisition of Virgin Money, setting up a windfall for members of Britain’s biggest building society.