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Banking sector

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

FCA proposes letting more small firms complain

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The Financial Conduct Authority is pushing for more companies to be allowed to complain to the Financial Ombudsman Service if they’ve been treated badly by their banks.

Banks forced to reveal current account data

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UK banks will be forced to reveal how long it takes to open a current account and how often they have suffered security breaches, under new rules devised to encourage account switching.

Bank shares soar after lighter Basel reforms

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UK banking stocks made big gains after global rules designed to prevent a repeat of the 2008 financial crisis proved softer than investors initially feared.

Major banks join new German clearing service

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Eurex Clearing has attracted the likes of HSBC, Citigroup, BBVA and JP Morgan to its service on the continent, proving a great threat to London’s dominant clearing industry.

Atom Bank seeks more capital for growth

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Digital challenger Atom Bank is looking for new investment to sustain its rate of growth, as it eyes £1bn of deposit holdings.

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.

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.

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.

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.

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