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By: Jasper Jolly

Chief City reporter covering banking, finance, economics and the City

All 732 Articles
  • City jobs bump bucks trend as salaries entice workers

    September 21, 2018

    City hiring picked up in August, bucking the downward trend of the past year amid uncertainty over the status of financial services post-Brexit, data to be published today will show. The number of jobs available in the Square Mile rose by 10 per cent during the month, according to recruitment firm Morgan McKinley – although [...]

  • Four-fifths of manufacturers not ready for no-deal Brexit as economists warn of £40bn hit

    September 21, 2018

    The vast majority of British manufacturers are unprepared for a no-deal Brexit, a poll will show today, as economists predict a major £40bn hit to the UK economy in the event of a disorderly exit from the EU. More than four in every five manufacturing firms say they are not prepared, the survey by the [...]

  • Barclays faces probe from Treasury Select Committee into six-hour outage

    September 20, 2018

    Barclays faces an investigation from the Treasury Select Committee after it yesterday became the latest lender to experience a major systems failure. Millions of customers were unable to access online banking, telephone banking, as well as branch services for as long as six hours. The Treasury Select Committee is likely to ask the bank similar [...]

  • Barclays faces probe from Treasury Select Committee into six-hour outage

    September 20, 2018

    Barclays faces an investigation from the Treasury Select Committee after it yesterday became the latest lender to experience a major systems failure. Millions of customers were unable to access online banking, telephone banking, as well as branch services for as long as six hours. The Treasury Select Committee is likely to ask the bank similar [...]

  • Lloyds Banking Group reportedly plans to set up insurance subsidiary in Luxembourg

    September 20, 2018

    Lloyds Banking Group will reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit. The firm has had initial discussions with regulators in Luxembourg on securing a licence for a subsidiary, Reuters reported. The Scottish Widows brand, which Lloyds TSB bought exactly 17 years before [...]

  • Lloyds Banking Group reportedly plans to set up insurance subsidiary in Luxembourg

    September 20, 2018

    Lloyds Banking Group will reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit. The firm has had initial discussions with regulators in Luxembourg on securing a licence for a subsidiary, Reuters reported. The Scottish Widows brand, which Lloyds TSB bought exactly 17 years before [...]

  • Global M&A sustained by mega-deals as valuation nerves start to show

    September 20, 2018

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  • Barclays’ online and telephone banking services go down

    September 20, 2018

    Barclays today became the latest major lender to experience a systems failure, with millions of customers unable to access online banking, telephone banking, as well as some branch services at the time of writing. Problems began this morning, the bank said, although it remained unclear when they first started. The affected services were unavailable for [...]

  • Barclays’ online and telephone banking services go down

    September 20, 2018

    Barclays today became the latest major lender to experience a systems failure, with millions of customers unable to access online banking, telephone banking, as well as some branch services at the time of writing. Problems began this morning, the bank said, although it remained unclear when they first started. The affected services were unavailable for [...]

  • All aboard the blame train: Government, regulator and train firms all failed in rail chaos

    September 20, 2018

    The government, regulators and the owner of the rail network were all part of a comedy of errors which led to chaos on Britain’s railways earlier this year, according to a review of the disruption published today. The report by Office of Rail and Road (ORR) boss Stephen Glaister into the chaotic timetable change which [...]

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