Jeremy Takle and Ben Harvey have announced the launch of a digital bank called Pennyworth.
Challenger banks are still thriving and in 5 years 44% of British customers will have a digital-only bank.
The end of the skyscraper era? Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’
Barclays CEO Jes Staley claims that the COVID-19 pandemic could permanently change how banks and their employees do business in the future.
Some of the top bosses at Barclays are donating a third of their fixed salary over the next six months to help kickstart a £100m aid package.
Barclays has announced a major staff shake-up affecting more than 1,000 workers including the closure of a site in Leeds. The bank is also set to put a further 340 staff on notice for job cuts or relocation across the country, pushing the total jobs affected to 1,140.
The company has 850,000 customers across its different businesses and is on track to be profitable for the full year in 2023, the first time since its founding 17 years ago.
As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.