After a three-month search the team behind Britain’s first all-digital bank has announced its bricks-and-mortar headquarters will be in Durham City. An initial 50 members of staff will move into 10,000sq ft of the county council-owned Northumbria... Read More
The Welsh Economy Minister Edwina Hart has ordered a viability study into the setting up and operation of a development bank to support the country’s businesses. Edwina Hart AM A development bank for Wales was proposed in a review last year by the... Read More
Employment in the financial services sector is growing at the fastest rate since 2007 a new study reveals. Companies within the sector recruited 10,000 extra staff in the final quarter of 2013, and that figure is forecast to rise by a further 15,000 in the... Read More
Demand for bank branches is likely to increase across England and Wales, according to Deloitte. Bricks and Clicks: Mapping the future of branches took data from 10,400 branches for close to 100 retail banks and building societies. It looked at how... Read More
The Royal Bank of Scotland has announced that it has sold almost 100 branches located in the Chicago area of the United States as part of the process of gearing up towards the stock market flotation of its American RBS Citizens Financial Group arm later this... Read More
Lloyds Banking Group has faced significant criticism in the past few years. Thanks to a large bailout by the taxpayer at the height of the financial crisis, the group is now 39 per cent state owned and has therefore been accused of “ignoring social... Read More
Direct Line Insurance group has said that it is planning to axe 2,000 UK jobs as it seeks to extend its cost-cutting plan. The group announced plans in August 2012 to reduce gross annual costs by £100m a year, but now plans to double its cost-saving... Read More
Edinburgh-based life and pensions group Aegon UK is to close six regional offices across the UK as part of a restructuring exercise. Andy Murray returns to action at the Aegon Championships which begins today The affected locations include Glasgow,... Read More
450 Jobs “Go Under the Axa” in Fresh Wave of Cuts UK insurer Axa has revealed plans to cut 450 bank-based roles in the latest blow to the country’s jobs market. Branches of the Co-operative, Clydesdale and Yorkshire banks will be affected by the move,... Read More
