City watchdog faces criticism after declining to expand SME access to complaints service October 24, 2023 Businesses groups have warned that firms may be unable to access justice after the Financial Conduct Authority (FCA) decided against expanding access to the Financial Ombudsman Service (FOS).
Barclays share price slumps as lender lowers UK guidance again October 24, 2023 Barclays performed in line with expectations but flagged difficulties ahead as it lowered its margin guidance for the rest of the year.
No need to wait for the regulators: The financial services sector will benefit from taking greater responsibility for socioeconomic diversity October 23, 2023 | Sponsored By Jeannette Lichner Former Non-Executive Director of the Financial Conduct Authority Have you ever felt excluded? That’s often the first question I ask when I speak with an audience about diversity and inclusion. The response is typically a roomful of raised hands. The reasons of course differ – being a woman, being a person of [...]
JP Morgan boss Jamie Dimon warns world is witnessing ‘most dangerous time in decades’ October 13, 2023 Jamie Dimon, chief executive of JP Morgan, said the early 2020s were shaping up to be "the most dangerous time the world has seen in decades" as the Wall Street banking giant reported another increase in profit.
We can’t compete: Banks complain Government savings scheme is too generous October 11, 2023 Banks in the UK are concerned that the savings rates on offer in National Savings & Investment (NS&I) are distorting the savings market.
Outlook for financial services hiring gloomy as skills gap widens October 10, 2023 Confidence among hiring managers looking to fill jobs in financial services paints a concerning picture according to a survey
Banks to face new stress tests as Bank of England remains on the prowl for financial stability risks October 10, 2023 Regulators at the Bank of England are looking to make certain that the UK financial sector remains resilient to shocks that may arise from the rapid rise in interest rates.
Metro Bank fundraise averts immediate threat – but what next? October 9, 2023 Metro Bank's emergency capital raise has reassured investors for the moment, but analysts warned the bank needed to develop a more convincing investment case if it is to survive.
Bank of England warns banks have not learnt lessons from Truss gilts turmoil October 5, 2023 The Bank of England (BoE) said on Thursday it was disappointing that some of the banks it regulates have not tackled shortcomings in how they manage risks from customers after turmoil in UK government bond markets last September.
Financial services firms optimistic for remainder of the year despite dip in output October 5, 2023 Financial services activity dipped in the third quarter but firms were hopeful that volumes would pick up again in the last quarter of the year.