Airports face two months of disruption amid staff shortage crisis April 7, 2022 Passengers are facing two months of disruption at UK airports as bosses struggle to recruit new staff and covid rips through the workforce.
UK announces more sanctions on Russia’s largest bank Sberbank April 6, 2022 The UK has slapped more sanctions on Russia’s largest bank Sberbank and banned all outward British investment into Russia. Sberbank and Credit Bank of Moscow now have all their UK assets frozen, after similar measures were taken against other major Russian banks last month, with the pair also unable to do business in Britain. The [...]
UK division of Russia’s VTB files for administration April 6, 2022 The UK division of Russian bank VTB is preparing to file for administration today after Western sanctions were slapped on the firm following Russia’s invasion of Ukraine, according to reports.
Exclusive: City heavyweights are top firms for career growth, says LinkedIn April 6, 2022 City headquartered firms have been named as the top companies to work at for career growth, according to LinkedIn research shared exclusively with City PM today. Barclays retained its crown, wrestling with Lloyds Banking Group and HSBC, which make the top three companies on the list – all with London HQs. Chasing the coattails of [...]
City watchdog hires three senior officials as it ramps up recruitment drive April 5, 2022 The City watchdog has hired three new senior officials as it pushes to strengthen its authorisation process, it announced today. City veteran Craig Chapman is set to join the FCA as Finance Director, from his current role as CFO at London fintech firm RTX Routetrader. Prior to joining RTX Routetrader, Chapman worked in various senior [...]
Moneycorp plots complete withdrawal from retail as fintech giant shifts focus to payments and banking April 5, 2022 Fintech giant Moneycorp plans to exit from its last remaining retail branches at Gatwick Airport. “Today’s announcement marks an end to the group’s retail franchise and an important step in its evolution from a UK foreign exchange business to a global payments and banking services provider,” the company said in a statement sent to City [...]
Ukraine war is dramatically dialling up risk of global recession April 5, 2022 The war in Ukraine has dramatically dialled up the risk of a global recession, according to leading economist. The conflict has thrown a ‘massive monkey wrench’ into what was a gradually improving post-pandemic picture, Ira Kalish, chief global economist at Deloitte told delegates at the World Retail Congress in Rome. And it could have damaging, [...]
Ministers offer open banking boost with ‘smart data’ investment April 5, 2022 Ministers threw their weight behind the roll out of open banking technology yesterday as they confirmed a funding injection in the development of so-called ‘smart data’ in financial services.
Zopa bank hits profitability but may push back IPO amid market turbulence April 4, 2022 Digital lender Zopa has announced it hit profitability for the first time ever last year as it eyes up a shift onto the public markets in 2022.
Female workers at Revolut paid 25 per cent less than men April 4, 2022 Revolut, one of the UK’s biggest fintech firms, pays its male workers on average a more than 50 per cent higher bonus than its female employees, it announced today. The company, known for its blue-purple debit card, also pays men a 25.2 per cent higher hourly rate compared to women. For every £1 men are [...]
