BNP Paribas bankers left traumatised by their boss’s ’emotional terrorism’
Most workers who cost their company hundreds of thousands of pounds are likely to expect a sharp rebuke from the boss – particularly in the charged atmosphere of…
Santander reduces branch opening times to less than six hours a day
Santander branches will be open for less than six hours a day from July in another blow to communities that have seen in-person banking services dwindle over…
Bankers left traumatised by their boss’s ’emotional terrorism’
Most workers who cost their company hundreds of thousands of pounds are likely to expect a sharp rebuke from the boss – particularly in the charged atmosphere of…
Santander slashes branch opening times to less than six hours a day
Santander branches will be open for less than six hours a day from July in another blow to communities that have seen in-person banking services dwindle over…
Venture capitalist Stefan Glaenzer denies sexual assault charge
The venture capitalist Stefan Glaenzer has denied sexually assaulting a woman bending over a dishwasher in a hearing at Westminster Magistrates Court. Mr Glaenzer, 60, is accused…
Banks prepare to slash mortgage lending over fears borrowers will default
Borrowers with large deposits are particularly at risk, as banks plan to pull back lending most sharply for those with a loan-to-value ratio of 75pc or less….
French lender SocGen sells Russian bank stake to sanctioned oligarch
A French investment bank is taking a €3.1bn (£2.6bn) hit from selling its Russian unit to a company founded by a sanctioned oligarch. Société Générale (SocGen), one…
Work half the week from home, French bank tells staff
France’s largest bank has told its 132,000 staff they can continue working from home until 2024 as lenders race to prevent staff from quitting post-pandemic. BNP Paribas…
Barclays investors round on chief after ‘embarrassing’ $15bn market gaffe
Barclays’ chief executive has come under fire by its top shareholders following an “almighty c–k-up” over a $15bn (£11bn) trading gaffe which the bank said would cost…
Banks ‘boost their profits’ as they deny savers billions of pounds in interest
Savers are losing £5.88 billion a year because banks are refusing to pass on higher interest rates to their customers. In another blow to households already grappling…
Goldman chief’s festival DJ set shows how arts still favours the privileged
He is inspiring many by getting to the top of corporate America and still setting his own tune, swapping his suit for a t-shirt and turntables and…
Competition and Markets Authority cedes control of open banking unit after string of scandals
The competition regulator has relinquished its oversight of Britain’s open banking unit to the City watchdog after it faced harsh criticism following a string of scandals. The…
Extinction Rebellion-backing hedge fund chief hits out at ‘greenwashing’ bank bosses
Ministers have stressed that oil and gas drilled in UK waters will be a “transition fuel” to power the country until more renewables come on stream. InfluenceMap’s…
BNP Paribas lawyer who kept his job after calling Asian colleague ‘Hu She’ leaves French bank
A senior lawyer at BNP Paribas has left the bank just months after he was told he could keep his job despite calling an Asian colleague “Hu…
Russia’s economy ‘in crisis’ as banks formally cut out of Swift
The EU has ordered Swift to disconnect Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, Vnesheconombank and VTB Bank, though other institutions including Gazprombank and Sberbank are still…
What a Russian debt default would mean for the world
Has Russia defaulted before? Russia has defaulted twice in recent history. The first was in the aftermath of the Bolshevik takeover in 1917, when revolutionaries refused to…
Visa and Mastercard suspend services in Russia in further blow to Vladimir Putin and the economy
Financial giants Visa and Mastercard are suspending operations in Russia, further adding to the crippling measures targeting Vladimir Putin’s economy. All transactions initiated with Visa cards issued…
Russia’s Sberbank plunges amid warnings over collapse
Shares in Russia’s biggest state-controlled lender Sberbank have plunged as much as 74pc, as the European Central Bank warned it faced collapse. London-listed shares in Sberbank hit…
City workers to keep testing despite ‘living with Covid’ plan
City bankers and traders have been told to continue weekly testing despite Boris Johnson scrapping free lateral flow and PCR tests as part of his “learning to…
High street banks open just four hours a week in some parts of country, analysis reveals
The research found that, on average, bank branches are open for just 34 hours a week before lunchtime closing hours are included. However, rural communities can expect…
Why the world cannot bank on a Swift ban for global payments system
Trade economist Dr Rebecca Harding says: “It facilitates trillions of dollars worth of financial transactions so it’s important as this enabling mechanism for world trade, but it’s…
West ejects Russia from Swift and cancels ‘golden passports’
Berlin had been one of the few countries opposing action after Britain, the European Union, Canada and the United States all pressed the case as part of…
Russian investment bank suspended from London Stock Exchange
Ministers will also legislate to prohibit Russian companies from raising capital on UK markets and impose sanctions against more than 100 individuals, entities and their subsidiaries. Russian…
The ‘super smart’ secretive trader ranked among Britain’s richest people
But despite being one of the wealthiest men in finance, little is known about the former JP Morgan trader outside of hedge fund circles. Michael Spencer, the…
Rise of the racist robots prompts artificial intelligence upgrades
Businesses seeking to cut costs and satisfy consumer demands for lightning-fast service are increasingly replacing people with machines in every part of the supply chain. But regulators…