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...Internal memos from Barclays dated January 2022 revealed the Financial Conduct Authority, the UK’s financial watchdog, approached the bank for a briefing after the issue was covered in the Guardian two years...
...The London-based lender had ambitions to branch out from its core UK banking services and offer its own-branded pension scheme, which would have managed the retirement pots of other companies and their staff...
...Nationwide, which has 18,000 employees, said the combined group would have assets of about £366bn and become the second-largest provider of mortgages and savings in the UK....
...As UK challenger banks know too well, building a financial services business of scale requires huge financial and human capital....
...UK banking industry....
...regulated roles in investment banking or for branch staff....
...“We are not quite sure if this bank is branch or digital led,” said Benjamin Toms, an analyst at RBC. “It feels like a lot of investment is still required to compete with large UK peers.”...
...The other banks declined to comment....
...Frank Elderson, a member of the European Central Bank’s executive board, suggested in September that companies may have a “false sense of security” about their legal position....
...Sonya BranchExecutive director and general counsel, Bank of England Since becoming general counsel in 2015, Sonya Branch has led her team of around 200 lawyers supporting the central bank in response to...
...UK taxpayers can of course boost their donation by adding Gift Aid....
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...The call to split the bank in two “did not make clear business sense” but “the politics risk making HSBC an impractical business”, said Hugh Young, Asia-Pacific chair of the UK asset manager Abrdn, an HSBC...
...Its largest sector is financials, with top 10 holdings including the State Bank of India and ICICI Bank....
...HSBC’s UK branch network has shrunk dramatically from almost 1,200 at the end of 2012. In March it said it would close 69 branches....
...The Co-op’s first effort to buy TSB’s branch network, in 2013, fell through after the discovery of a £1.5bn capital shortfall stemming from the 2009 takeover of Britannia Building Society....
...Customers in the next 20 per cent in terms of the money they held with the bank would be given branch appointments on the same day, shorter call answer times, and a more flexible approach to borrowing decisions...
...The French branch of the Rothschild banking dynasty has succeeded in taking control of the main family franchise. The French bank absorbed its English counterpart a few years ago....
...HBOS — which operated as Halifax and Bank of Scotland and was for a time the UK’s largest mortgage lender — went bankrupt in 2008 after years of excessive risk-taking and fraud....
...Those are deposits which we could use to support UK plc but are funding other activities,” said a senior executive at one of the UK’s big four banks....
...Barclays has given 35,000 of its branch and junior support staff in the UK a £1,200 pay rise to help them cope with the escalating cost of living crisis and soaring inflation....
...For years, rumours have swirled that the bank would move its headquarters from the UK — a proposal it reviewed and rejected in 2015. Those rumours have only been exacerbated by Brexit and geopolitics....
...AIB says its clients’ habits are changing: just 35,000 customers a day visit branches; ATM withdrawals have fallen 36 per cent and use of cheques by 50 per cent in the past five years, while in-branch teller...
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