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Banking sector

Articles on the banking sector from our leading edge monthly magazine, FS Focus.

Brexit could cost Britain 75,000 finance jobs

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The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union.

Banks increase diversity

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FTSE 100 banking and financial institution boards have increased their gender and ethnic diversity, according to a new study from Green Park.

Banks lend support to fintechs

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Many of the world’s leading banks and start-ups are getting behind Fintechs in this country to keep Britain ahead in the high-flying and innovative sectors, post Brexit.

Ten thousand finance jobs to leave Britain

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Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a new Reuters survey of finance firms.

TSB tests eye technology

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TSB will be the first bank in Europe to use iris recognition technology to allow customers to access their mobile banking app.

Lloyds introduces single overdraft rate

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Lloyds Bank is radically changing its charges for overdrafts on 20 million accounts, introducing a flat fee of 1p for every £7 of overdraft used.

FCA criticised over complaints handling

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The Financial Conduct Authority has been criticised for taking too long to handle complaints.

Tenreyro appointed to Monetary Policy Committee

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Professor Silvano Tenreyro from the London School of Economics has been appointed as a member of the Bank of England’s monetary policy committee, which decides interest rates.

ECB reveals emergency help details

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The European Central Bank (ECB) has published a new report on the terms and conditions surrounding its provision of emergency help to Eurozone banks, following criticisms of its transparency.

Fund Management

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With Brexit negotiations under way, is it a good time to move your funds? Chisomo Kaferawanthu provides some insights

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