HSBC hires ex-Citi exec Ida Liu for private banking
HSBC has recruited former Citi veteran Ida Liu to head its global private banking division, aiming to strengthen its wealth management services for ultra-high-net-worth clients.
Category : Search result: banking exodus
Rural NZ Exodus: Mill Closures Force Families to Leave
The closure of Winstone Pulp's mills in Ruapehu, New Zealand, has led to over 230 job losses, forcing families to move and raising fears of a 'hollowing out' of rural regions. Read the full story.
PayPal Applies for US Banking Licence Amid Deregulation Push
PayPal has filed for a US banking licence, aiming to boost small business lending. The move follows Trump's deregulatory reforms, attracting UK fintechs like Revolut and Starling to also eye the American market.
Six Exchange CEO on IPO exodus to US markets
Björn Sibbern, CEO of Six Swiss Exchange, challenges the narrative of a European IPO flight to the US, arguing the trend is more pronounced for London. Discover his insights on market competition and future prospects.
HSBC ends chair search, Citi appoints new UK M&A heads
HSBC concludes its search for a new chair, while Citigroup reshuffles its UK investment banking leadership. Get the latest on major moves in London's financial sector.
Record £73bn Wealth Exodus After Reeves Budget
Chancellor Rachel Reeves's budget triggers a historic talent and capital flight, with £73bn leaving the UK. Analysis reveals soaring emigration and economic strain. Read the full report.
UK Tax Budget Fuels Capital Flight and Investor Doubt
A new £26bn tax-raising Budget is driving wealth creators abroad, with 142,000 millionaires forecast to leave. Analysis warns of long-term damage to UK investment and competitiveness.
Ellen DeGeneres May Flee UK Winter for Trump's America
Ellen DeGeneres and Portia de Rossi reportedly miss home after moving to the Cotswolds. Explore the wider trend of US celebrities threatening to leave, but not always following through.
Mitcham wins banking hub after Lloyds branch closure
Mitcham will get a shared banking hub in 2026 after a successful community campaign overturned an initial rejection, restoring vital face-to-face services. Read the full story.
Budget 2025: Middle-Income Earners Pushed to Breaking Point
Chancellor Rachel Reeves's Budget is pushing skilled professionals like 'Nick, 30' to leave the UK. With stealth taxes and soaring costs, is Britain losing its future?
JPMorgan hires ex-Goldman dealmaker Biscaldi
JPMorgan recruits former Goldman Sachs managing director, Stefano Biscaldi, to lead its European financial sponsors group. Discover the strategic move shaping investment banking.
Revolut in new spat with regulators over CEO's UAE move
Revolut faces scrutiny after failing to inform UK watchdogs that CEO Nik Storonsky shifted his residency to the UAE. The fintech giant insists the move doesn't affect management.
HSBC signs AI deal with French startup Mistral
HSBC has signed a deal with French AI firm Mistral to deploy its large language models across the bank, aiming to boost efficiency and internal tool development. Read more.
Banking helpline nightmare for the 'befuddled'
Guardian columnist Tim Dowling recounts his frustrating ordeal with a bank helpline that mistakenly identified him as elderly and confused. A cautionary tale for anyone navigating automated customer service.
Game Awards 2025 Leaks: What's In & Out
Leaks reveal the rumoured line-up for The Game Awards 2025, including Control 2 and a Silent Hill 1 remake. Find out what's confirmed and what's ruled out for the December 11 event.
RBC Expands Healthcare Team, Mayer Brown Promotes 36
RBC Capital Markets strengthens its European healthcare division with key hires as Mayer Brown announces 36 partner promotions globally. Discover the strategic moves shaping finance and legal sectors.
US regulators investigate banks over Epstein connections
US financial regulators confirm serious investigation into banking executives including Jes Staley over alleged facilitation of Jeffrey Epstein's criminal activities through banking access.
JP Morgan's £3bn London tower gets green light
JP Morgan commits to a new £3bn Canary Wharf headquarters after UK government assurances on pro-business policies. The project promises major economic benefits for London.
Jane Street injects £500m into UK trading unit
Global trading giant Jane Street has provided its UK subsidiary with £500m in fresh capital, significantly expanding its British operations and market presence. Discover the strategic implications.
Banking giants UBS, Citi & HSBC adopt AI technology
Major banks including UBS, Citi and HSBC are implementing artificial intelligence to transform operations and improve client services. Discover how AI is reshaping finance.
UK first-time buyer affordability best in a decade
New data reveals UK first-time home buying is the most affordable since 2015. Lower mortgage rates and rising wages ease the burden. Discover the regional trends and expert advice.
US Banks Announce Major UK Expansion Projects
JP Morgan unveils a new £3bn Canary Wharf headquarters as Goldman Sachs expands in Birmingham, signalling a major vote of confidence in the UK economy. Discover the details.
Goldman Sachs to create 500 jobs in Birmingham
Goldman Sachs announces major expansion of its Birmingham office, creating 500 new roles in the UK's second city. Discover how this investment boosts regional employment.
Shein executive relocates from London to Dubai
Shein's former European director Cui He moves to Dubai, joining a growing trend of UK executives seeking lower-tax jurisdictions. Discover the implications for London's business landscape.
New Zealand's record exodus amid economic crisis
Record numbers of New Zealanders are leaving for better opportunities abroad as economic pressures mount. Discover why citizens are abandoning their homeland despite deep emotional ties.
Jefferies Launches Fixed Income Trading Desk
Investment bank Jefferies establishes new fixed income desk in London as part of outsourced trading expansion. Discover how this strategic move impacts UK financial markets.
Bank shares volatile amid Treasury Budget leaks
UK bank stocks experience dramatic swings as Treasury's conflicting Budget leaks create market uncertainty. Lloyds and Barclays see-saw while tax hike rumours persist. Analysis inside.
UK Bank Shares Jump on Budget Tax Reprieve Hopes
NatWest, Lloyds and Barclays stocks rise as investors anticipate Rachel Reeves will spare lenders from further levy in this week's budget. Discover the market reaction.
ABN Amro Announces 5200 Job Cuts Over Three Years
Dutch banking giant ABN Amro reveals plans to cut 15% of workforce in strategic overhaul. Discover how this impacts European banking sector and what's next.
Labour tax hikes fuel exodus of wealthy Brits
Business Secretary Peter Kyle admits Labour's tax policies are causing a wealth exodus. Read the full analysis of the budget concerns and business reactions.
Page 1 of 4