Why high rates affect the UK’s public debt more than other G7 countries February 27, 2024 As the Chancellor comes under pressure to cut taxes in the Spring Budget, he will be forced to consider the surge in the UK's public debt interest costs.
Getting with the times! 80 per cent of 85–95-year-olds now pay with contactless February 27, 2024 A record 93.4 per cent of all in-store card transactions up to £100 were made using contactless , according to a new study by Barclays, as the payment method traditionally used by youngsters goes mainstream.
UK banks take first steps towards boosting bonuses after watchdogs scrapped cap February 26, 2024 UK banks are cautiously paving the way to awarding bigger bonuses after the financial watchdogs scrapped the cap on variable pay last year.
Citi poaches top JPMorgan investment banker to head up new division February 26, 2024 Citigroup has appointed JPMorgan Chase veteran Vis Raghavan to head up its new banking division as the Wall Street giant embarks on a mammoth restructuring.
Unions go to war with FCA management (again) over performance-related pay February 26, 2024 Staff at the Financial Conduct Authority (FCA) have raised concerns that its new performance-based pay measures often do not beat inflation and are "weighted towards punishment".
HSBC wants to pay top brass Wall Street salaries February 25, 2024 The bank told its investors that it plans to discuss restructuring how Noel Quinn, the firm’s CEO, is remunerated even though his pay nearly doubled last year to £10.6m thanks largely to long-term performance bonuses kicking in.
‘Don’t bother going to New York’: Why challenger banks are nervous about listing in London February 24, 2024 A string of UK challenger banks have hit the headlines in recent months for grand plans to compete with their larger rivals on the London Stock Exchange. But executives looking to IPO have plenty to worry about.
Banking APPG calls to create financial services tribunal after scandals ‘eroded public trust’ February 24, 2024 The all-party parliamentary group for fair business banking (APPG) has recommended a creation of a financial services tribunal after a series of high-profile scandals “eroded public trust”. The cross-party group outlined its recommendation on building a framework for compensation and redress in a new report, which stated that the existing landscape of institutional mechanisms for [...]
Standard Chartered chief pockets bumper pay packet as London bosses call for more cash February 23, 2024 The boss of Standard Chartered pocketed a bumper pay rise last year as his total paypacket swelled to £7.8m.
Mortgage rates are going back UP – but where will they end up? February 23, 2024 A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.