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Banking sector

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

UK has closed two thirds of bank branches

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Banks in the UK have closed down thousands of high street branches over the past three decades, leaving a fifth of households more than three kilometres from their nearest current account provider.

Banks to perform name checks

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Name checks will be carried out when UK bank customers send money to other people from next year in a bid to halt a rising tide of bank transfer fraud.

Consumer Concerns

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Andrew Bulley and Felix Bungay from Deloitte assess some of the key points from the Financial Conduct Authority’s report on retail banking

BoE's Haldane warns AI threatens UK jobs

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Bank of England cheif economist Andy Haldane has warned that the UK needs a skills revolution.

Regulators assess banks exposure to cryptocurrencies

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Global banking regulators are assessing the size of banks’ exposure to “crypto-assets” such as bitcoin and looking at introducing capital safeguards, in a move that could deter banks from embracing the nascent market.

Banking by app to overtake online by 2019

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More consumers will bank via their app than online by next year, according to industry analysts CACI.

Data Management

Five years after data compliance requirement BCBS 239 was introduced, Rob Konowalchuk investigates what’s changed and where banks are heading.

RBS to launch stand-alone digital bank

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The state-backed Royal Bank of Scotland (RBS) is working on secret plans to create a stand-alone digital challenger bank to compete with emerging fintech leaders like Monzo and Revolut.

Major cuts at Deutsche Bank

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Deutsche Bank is planning to cut up to 500 trading and investment-banking jobs globally, as part of cost cutting efforts.

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