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Thursday, May 23, 2024
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Tag: UK

Barclays to cut jobs affecting 1,000 employees

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.

Swedish fintech Klarna posts first-ever annual loss

Swedish financial technology start-up Klarna has reported an annual loss for the first time, following years of profitability.

B-Social raises an additional £7.8M ahead of its rebrand

B-Social, the London-based fintech building what it calls a “social bank,” is announcing that it has raised a further £7.8 million in...

RBS Fund Takes Back £50M From Metro Bank!

Metro Bank has announced that it will repay £50 million of bailout funding to RBS. The announcement arrives as the bank altered its strategy after releasing its full-year results and scaled-back its plans for branch expansion over the next few years.

HSBC to close 27 more branches this year!

HSBC is to shut 27 branches this year putting almost 50 jobs at risk. The bank, which announced last week it would cut 35,000 jobs around the world, including “meaningful” reductions in the UK, said it would invest almost £34m in its remaining network of 594 branches, 49 of which are to be refurbished this year.

N26 shuts down in the UK! Brexit is to blame

Berlin-based digital bank N26, which is a rival to Revolut and Monzo, is closing accounts for UK on 15 April. “We will be unable to operate in the UK with our EU banking license so we will be leaving the UK and closing all accounts” is the official N26's statement.
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