Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The chief executive of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of getting a British banking license, as the company reported record pre-tax profits for the year thanks to … Read more
Banks and building societies must “ensure that customers affected by the current disruptions to online and mobile banking are compensated”, according to a leading consumer watchdog. Which? is urging major financial institutions to take action after customers of HSBC, Nationwide Building Society and Virgin Money were left unable to receive “pension payments” and wages due … Read more
HSBC banking app is down, thousands of people can’t access their online accounts – latest updates Skip to content
HSBC’S online banking and app has fallen causing thousands of customers to lose access to their accounts. Customers complain about problems with mobile banking, online banking and logging in. HSBC’s online banking and app have gone offline for thousands of peopleCredit: Reuters According to DownDetector, more than 6,000 people have reported problems with their HSBC … Read more
The CEO of Lloyds Banking Group – Britain’s largest lender – has warned whoever wins the general election that he or she will not be able to boost growth by increasing government borrowing. Charlie Nunn said he is a British national debt had been higher over the past fifteen years due to ‘massive shocks’ such … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The EU will delay the application of key provisions of the post-crisis banking reforms by a year, arguing that expected US delays in implementing Basel would penalize lenders in Europe. The move, championed by France, … Read more
Thursday June 13, 2024 6:00 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email An artist’s impression of what Revolut’s new headquarters will look like. Revolut has struck a deal to move its global headquarters to one of Canary Wharf’s most prominent … Read more
Citigroup Inc., HSBC Holdings Plc and Barclays Plc are ordering more executives to report to the company’s offices five days a week as regulatory changes make it harder for Wall Street to allow working from home. Citigroup will need about 600 U.S. employees previously eligible to work remotely to commute to the company’s offices full-time, … Read more
Omar Sadraoui knows firsthand what it’s like to be a junior investment banker. He graduated from HEC Paris’ prestigious Masters in Management Program and spent three years at Deutsche Bank in London, first as an analyst and then as an associate, before quitting last August. Sadraoui says he is not alone: most young people are … Read more
A new poll shows that half of people between the ages of 16 and 24 are angry. Bank branches are closing permanently – further proving that these closures are affecting all age groups Since 2015, banks have closed more than 6,000 branches (NurPhoto via Getty Images) The brutal closure of bank branches has left millions … Read more