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Banking sector

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

HSBC gender divide grows

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HSBC has the worst gender pay gap among UK bankers and it’s only getting worse, according to its own figures.

Bank of England warns no deal could be a disaster

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As Theresa May fights to save her Brexit deal, the Bank of England has warned that a no-deal could cause an immediate economic crash, GDP to fall by 8% and unemployment to rise to 7.5%.

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.

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