Financial sector

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Nationwide faces mounting calls to give members say on Virgin Money takeover
Experts question if ‘bigger is better’ and whether members should be consulted on the £2.9bn deal

Miles Brignall

17, Mar, 2024 @5:44 PM

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Millions more in cash needed to fund UK’s open-banking watchdog
Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers

Kalyeena Makortoff Banking correspondent

17, Mar, 2024 @12:06 PM

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MPs call for crackdown on NDAs after bullying inquiry in UK financial sector
Recommendation to ban non-disclosure agreements comes as report uncovers ‘shocking’ prevalence of sexual harassment

Kalyeena Makortoff Banking correspondent

08, Mar, 2024 @5:00 AM

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UK Insolvency Service seeks up to 15-year director ban for Lex Greensill
Government agency issues disqualification proceedings after inquiry into failed finance firm Greensill Capital

Jane Croft

07, Mar, 2024 @6:52 PM

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Dozens of ‘major’ compliance breaches at Bank of England, NAO reports
National Audit Office reviews Bank’s actions to reduce non-financial risks since scandals but acknowledges ‘good progress’

Kalyeena Makortoff Banking correspondent

04, Mar, 2024 @6:01 AM

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Sexism in the City: ‘No matter how hard I work, they will never ever recognise me’
Exclusive: witnesses to UK parliament’s inquiry share their stories from the world of finance

Kalyeena Makortoff Banking correspondent

04, Mar, 2024 @6:00 AM

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UK regional growth gap to widen as London pulls further ahead
Despite levelling up efforts, EY data found the capital and south-east of England would benefit most from a return to growth

Richard Partington Economics correspondent

04, Mar, 2024 @12:01 AM

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Jeremy Hunt to announce UK government sale of NatWest shares
State’s one-third share in the bank, now worth about £6.7bn, is left over from the 84% holding taken during the 2008 financial crisis

Jane Croft

28, Feb, 2024 @6:48 PM

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Why does Labour need to suck up to the City? Britain’s economy is stifled by too much finance | Nicholas Shaxson
In power, Keir Starmer and Rachel Reeves will regret falling for propaganda about ‘competitiveness’, says Nicholas Shaxson, director at the Balanced Economy Project

Nicholas Shaxson

27, Feb, 2024 @1:01 PM

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A quiet conspiracy is afoot to give FTSE 100 executives a pay rise | Nils Pratley
As the London market’s woes are blamed on remuneration, a new US benchmark is emerging

Nils Pratley

27, Feb, 2024 @5:00 AM

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Jacob Rothschild, financier and member of the banking family, dies at 87
City grandee and hereditary peer co-founded a number of companies and was also involved in the arts

Jane Croft

26, Feb, 2024 @1:31 PM

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FCA’s pay levels ‘could force its staff to rely on hardship fund’
Members of Unite union reject UK regulator’s offer and say it is failing to deal with salary shortfall

Kalyeena Makortoff Banking correspondent

25, Feb, 2024 @2:10 PM

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