Motor Finance Scandal Forces Close Brothers' £400m Overhaul
How the FCA's motor finance probe triggered a drastic cost-cutting mission at Close Brothers. Can new CEO Mike Morgan steer the bank back to profitability? Analysis inside.
Category : Search result: bank restructuring
Full list of January 2026 shop closures across the UK
Major UK retailers including Poundland, Primark, and River Island are closing dozens of stores in January 2026. Check our full list to see if your local high street is affected.
100 UK Bank Branches to Close in 2026, Map Shows
An interactive map reveals 100 UK bank branches closing in 2026, including three in London. See if your local Lloyds, Halifax, or Santander is affected.
Bank of England's Bailey: Central banks must challenge populism
Bank of England Governor Andrew Bailey urges central banks to stand up to populism and defend free trade. He warns of four major headwinds to global prosperity. Read his full analysis.
Global Central Bankers Unite to Defend Fed Independence
Bank of England Governor Andrew Bailey signs statement of solidarity with Jerome Powell as US Fed faces criminal inquiry. Read the latest on the threat to central bank independence.
Teneo Buys PwC NZ Restructuring Unit
Advisory firm Teneo, backed by CVC Capital Partners, expands into New Zealand by acquiring PwC's business restructuring services unit. The deal follows a similar move in Australia.
Blackrock Slashes 250 More Jobs in London
Blackrock, the world's largest asset manager, is cutting another 250 jobs in London. This follows a previous round of layoffs as the firm restructures its workforce. Read the full story on the latest City job cuts.
Daily Bank Check Saves £1,600, Says Starling
Starling Bank's new 'Last Digit Widget' encourages daily balance checks, potentially saving users £1,600 annually. Learn how a simple habit boosts savings and spots wasteful payments.
2026 Bank Holidays: Full List and Time-Off Tips
The complete list of 2026 UK bank holidays has been confirmed, including a Boxing Day switch. Discover the dates and expert strategies to maximise your annual leave for extended breaks.
Business Bank Account Could Earn £10,000 in 2026
Allica Bank offers a business account paying competitive interest and cashback. Firms holding £250k could earn close to £10,000 in 2026. Discover how to make your cash work harder.
Bridgepoint buys Interpath Advisory for over £200m
Private equity firm Bridgepoint has acquired restructuring specialist Interpath Advisory in a deal worth over £200m, beating out rival buyout shops. Read the full analysis.
Interpath Advisory reports £11m pre-tax loss for 2025
KPMG spin-out Interpath Advisory records its third loss in four years, despite a significant revenue increase. CEO remains bullish on the firm's global expansion strategy. Read the full financial breakdown.
£30m German Bank Heist: Ocean's Eleven-Style Raid
Thieves executed a spectacular bank heist in Germany, drilling into a vault and stealing £30 million in gold and valuables. Discover the details of the raid and the aftermath for thousands of customers.
German bank vault drilled, tens of millions stolen in heist
A gang drilled into a German savings bank vault over Christmas, stealing valuables worth tens of millions from safety deposit boxes. Get the latest on the major heist in Gelsenkirchen.
UK Bank Opening Hours for New Year's Eve and Day
Plan your last-minute banking. Most UK high street banks will close early on New Year's Eve and remain shut on the New Year's Day bank holiday. Check your branch times here.
Political Pressure on Central Banks Intensifies
The long-held consensus on central bank independence is fraying as leaders like Trump and Macron exert influence. Explore the risks for inflation and market stability. Read the full analysis.
Permira bids for KPMG spin-off Interpath with veteran CEO
Private equity giant Permira, advised by ex-PA Consulting CEO Alan Middleton, vies for Interpath Advisory in a deal potentially worth £900m. Learn about the bidders and the firm's key roles.
Poundland Announces 14 New Store Closures
Poundland reveals another 14 UK stores will close by February 2026 as part of a major restructuring. See the full list of locations and closure dates here.
Poundland announces 14 new store closures
Poundland reveals a further 14 UK stores will close by early February as part of a major restructuring plan. Find out if your local branch is affected and see the full list of closures.
Poundland Announces 14 More Store Closures
Poundland reveals 14 more stores will close by early February, with clearance sales offering up to 40% off. See the full list of locations and dates.
Lloyds boss says capital rules are slowing UK growth
Lloyds Banking Group CEO Charlie Nunn argues post-crisis deleveraging has hampered the UK economy. The Bank of England has now eased capital rules, citing robust bank strength.
Victoria to cut 4,000 public service jobs in $2.3bn savings plan
The Victorian government announces a major public sector overhaul, aiming to cut 4,000 jobs and save $2.3bn. Find out which departments are affected and the impact on services.
Paragon Banking eyes M&A after capital rule change
Paragon Banking Group's CEO Nigel Terrington signals acquisition plans following a key regulatory reform. The lender's results show profit growth but rising provisions for motor finance and development loans.
Five New Leaders Join South Bank Employers' Group Board
The South Bank Employers' Group has appointed five new directors to its board, marking a major governance overhaul. Discover how this will shape the area's future.
Businesses Could Earn £10,000 in Quiet Interest
A new digital business account from Allica Bank offers high interest on idle cash and cashback, potentially earning firms £10,000 a year. Discover how to boost your bottom line effortlessly.
Berenberg promotes two in major structural overhaul
German investment bank Berenberg has promoted David Janssens and Christian Gottlob to new roles in a significant restructuring of its operations. Discover the strategic moves behind the reshuffle.
Fears for UK security as Foreign Office scraps conflict unit
MPs warn that abolishing the FCDO's migration and conflict directorate undermines UK security and risks losing vital expertise in global peace-building efforts.
HP cuts 6,000 jobs in AI-driven restructuring
HP announces up to 6,000 job cuts by 2028 as it embraces AI technology. The restructuring aims to save $1bn annually while improving product innovation and customer service.
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.
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