HSBC Europe Boss Colin Wild Announces Departure
HSBC's European chief Colin Wild is stepping down for family reasons after three decades with the bank. Discover the leadership transition plans and his legacy.
Category : Search result: banking exodus
Investment Giants Boost Middle East Presence
BlackRock, JPMorgan and State Street significantly expand Middle East operations amid growing regional wealth management opportunities and economic diversification drives.
Banks Head for $250bn Trading Windfall in 2024
Global investment banks are heading for their best trading year since the financial crisis, with revenues potentially reaching $250bn. Discover what's driving this unprecedented surge.
Barclays appoints Etienne de Montalivet for French M&A
Barclays strengthens its European investment banking division with the strategic hire of BNP Paribas veteran Etienne de Montalivet to lead M&A efforts in France.
Santander's £524 Switch Offer Tops Rivals
Santander launches a new £200 current account switch offer, with experts revealing potential total earnings of £524. Compare the best bank switching deals in the UK now.
Nationwide keeps all UK bank branches open until 2030
Nationwide commits to keeping its 696 branches, including Virgin Money, open until at least 2030, bucking the trend of bank closures and supporting communities.
Nationwide's 18 London Branches Safe Until 2030
Nationwide Building Society confirms 18 London branches will remain open until at least 2030 as part of its 'last branch in town' pledge, bucking the UK's bank closure trend.
Houlihan Lokey Hires Senior Mayfair Equity Partners Deal Maker
Investment bank Houlihan Lokey recruits Mayfair Equity Partners veteran Andrew Bertie to strengthen its European private equity coverage. Read more about this strategic move.
ABN Amro Buys NIBC Bank from Blackstone
Dutch banking giant ABN Amro acquires NIBC Bank from Blackstone in strategic expansion. Deal strengthens commercial banking presence with €672 million transaction.
UK volunteer for Ukraine has bank accounts closed
Santander closes all UK bank accounts of British humanitarian volunteer working in Ukraine without explanation, raising concerns about banking restrictions affecting Ukraine support efforts.
UK Banks Sound Alarm Over Competitive Threat
UK banking chiefs warn that regulatory disparities with the US and rising private credit threaten London's status as a global financial hub. Read the full analysis.
RBC Bolsters European Equities Team with Senior Hires
Royal Bank of Canada makes three strategic senior hires to expand its European equities division, enhancing research and execution capabilities across key markets.
Ben Jennings Cartoon on Trump Media Resignations
Political cartoonist Ben Jennings skewers Trump Media executives' mass resignation in latest Guardian piece. Discover the satire behind the corporate exodus.
Goldman Sachs promotes seven in EMEA wealth team
Goldman Sachs International has promoted seven senior professionals within its EMEA private wealth management division to managing director roles, signalling strong growth in the region's wealth business.
London pub charges customer £989 for one drink
A casual drink in a London pub turned into a financial nightmare when one customer discovered their card had been charged nearly £1,000 for a single beverage, exposing payment system vulnerabilities that could affect anyone.
Banks set to escape tax rises in Reeves budget
Chancellor Rachel Reeves is expected to spare Britain's banking sector from tax rises in her first major Budget, despite previous Labour criticism of bank profits during the cost-of-living crisis.
Goldman Sachs hires Evercore banker for Evelyn Partners sale
In a significant recruitment coup, Goldman Sachs has hired senior Evercore banker James Rucker to spearhead the upcoming sale of Evelyn Partners' wealth management division, signalling intensified competition in London's financial advisory landscape.
JPMorgan hit with record €35.8m German fine
Germany's financial regulator BaFin imposes unprecedented penalty on banking giant JPMorgan over serious transaction reporting lapses spanning five years.
Banks escape Rachel Reeves tax raid after lobbying
Chancellor Rachel Reeves has abandoned plans for a major banking tax raid following fierce industry lobbying, handing Britain's financial institutions a £4bn reprieve.
Goldman Sachs London pay bill soars 26%
Goldman Sachs International's London staff costs surge to £2.8bn amid booming investment banking fees, while parent company reports stellar Q2 earnings.
AI Revolutionises Wealth Management for Ultra-Rich
Exclusive insight into how AI is transforming wealth management, from hyper-personalised portfolios to predictive analytics revolutionising client service in London's financial district.
Tice Pledges Major Reform of City Regulation
Reform UK chairman Richard Tice unveils radical plan to overhaul financial regulation, claiming current rules are stifling London's competitiveness and investment growth.
Lloyds Boss: Don't Penalise Banks Amid Private Credit Jitters
Lloyds Banking Group CEO Charlie Nunn urges regulators against imposing stricter capital requirements on traditional banks as the private credit market shows signs of strain, warning it could harm the UK economy.
Bank of America targets mega-deals in banking expansion
Bank of America reveals ambitious expansion plan for its London investment banking division, focusing on large-scale M&A transactions and equity capital markets growth to capture market share.
Lloyds CEO: Motor Finance Scandal Threatens UK Investment
Exclusive: Lloyds Banking Group CEO Charlie Nunn voices serious concerns about how the ongoing motor finance commission scandal could damage Britain's attractiveness to global investors and impact the wider economy.
Martin Lewis: Claim Your Share of £240 Million Owed
Money Saving Expert Martin Lewis issues urgent call for millions to check if they're owed cash from forgotten accounts, with £240 million waiting to be claimed.
Banks hike bonuses 15% but fear dealmaker exodus
London's investment banks are hiking bonuses to retain top talent despite concerns that financial incentives alone won't prevent a brain drain from the dealmaking sector.
Vanquis warns of £7m FCA motor finance hit
Subprime lender Vanquis Banking Group faces a potential £7 million hit from the FCA's motor finance review, warning of 'material uncertainty' if the regulator doesn't change course.
UK launches banking scheme for homeless people
A pioneering government initiative will connect homeless individuals with basic bank accounts, tackling financial exclusion and helping vulnerable people rebuild their lives.
UK Founder Exodus Fears After Tax-Hiking Budget
Britain faces a potential exodus of business founders following the Chancellor's tax-hiking budget, with entrepreneurs warning of catastrophic consequences for innovation and economic growth.
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