Now Lloyds Bank has published its gender pay gap with women earning 33 per cent less than men February 23, 2018 Lloyds Banking Group has become the latest UK lender to reveal its gender pay gap. Britain's biggest bank said on average it pays women in the company 32.8 per cent less than men. Its median gender pay gap was also 32.8 per cent. The lender said this was due to a larger proportion of men [...]
Barclays’s gender pay gap sees women earning 43.5 per cent less than men February 22, 2018 Barclays has revealed that women on average earn nearly half of what men do at the bank’s international division, in figures published today. The bank said its median gender pay gap, reflecting the difference between the midpoints in the ranges of hourly pay of men and women, was 43.5 per cent. Its mean gender pay [...]
Lloyds Banking Group to unveil £1bn share buyback and boost bonus payouts to £415m February 20, 2018 Lloyds Banking Group will unveil plans for a £1bn share buyback tomorrow along with boosted bonus payouts to staff. According to Sky News, Lloyds will reveal the news with its annual results tomorrow and a new three-year strategy. The bank is also expected to say that it will pay around £415m in bonuses to staff [...]
Barclays wins first round in £1.1bn legal battle with credit card firm CCUK February 20, 2018 Barclays has won the first stage in a legal battle with a US-based credit card company which is suing it for £1.1bn. The High Court today rejected an application for summary judgement against Barclays brought by CCUK, the British arm of Nasdaq-listed Atlanticus Holdings, in a complex case revolving around a PPI-style misselling saga. CCUK, [...]
HSBC share price falls: Doubled profits miss expectations as Gulliver goes on his travels February 20, 2018 HSBC more than doubled full-year profits but missed analyst expectations in an early hours announcement today. Shares in the lending giant fell nearly five per cent in the first hour of UK trading. Profit before tax was $17.2bn compared with $7.1bn in 2016. Analysts had projected a bottom line of $19.7bn. “These good results demonstrate [...]
Royal Bank of Scotland teeters on edge of profit for first time in a decade as British big bank results season begins February 18, 2018 Investors will be on tenterhooks this week to see if Royal Bank of Scotland (RBS) has returned to profit for the first time after a decade in the cold, as Britain’s biggest banks report their full-year results. City analysts expect a net income loss of £984m, according to an average of estimates from S&P Global [...]
Barclays boss Jes Staley in line for a bonus of almost £1m despite whistleblower investigation February 15, 2018 Barclays chief executive Jes Staley will receive a reduced bonus of under £1m for 2017, despite the question marks still hanging over an investigation into his conduct towards a whistleblower. Staley is in line for around £900,000, less than half his maximum potential bonus of £1.9m, Sky News has reported. The initial decision of the [...]
Majority of big banks failing Mark Carney’s climate change requirements February 15, 2018 The world’s biggest banks are failing to take climate change seriously in their business plans, as demanded by regulators, according to research to be published today by a large investor group. Less than half of the 59 international banks surveyed by Boston Common Asset Management have carried out a scenario analysis for if global temperatures [...]
Barclays Techstars accelerator adds Anthony Browne , ex-head of banking industry body BBA, as entrepreneur in residence February 14, 2018 The former boss of the British Bankers’ Association; the industry body which last year became UK Finance, has resurfaced at the tech accelerator of one of Britain’s biggest banks. Anthony Browne is joining Barclays Techstars as entrepreneur in residence where he will help advise fintech startups. “Financial technology is one of the most exciting and [...]
Serious Fraud Office slaps Barclays with new charge over Qatar capital raising scandal February 12, 2018 The UK's fraud watchdog has today hefted a new charge onto BarclaysBank, in relation to an emergency fundraising it conducted in the summer of 2008. The Serious Fraud Office (SFO) today charged Barclays with giving "unlawful financial assistance", after it raised £4.5bn in June 2008 and £7.3bn that October from investors including Qatar Holding and [...]