In a closely contested decision amid escalating economic challenges, the Bank of England’s Monetary Policy Committee (MPC) opted to maintain the key interest rate at […]
Lloyds to cull 1600 branch jobs
Lloyds Banking Group has announced it will be reducing its workforce by approximately 1,600 positions across its branches, attributing the decision to a shift towards […]
80% profit increase for Danske Bank
Danske Bank has announced a substantial 80% surge in its pre-tax profits, reaching £186m in 2023, with the rise attributed in part to the increasing […]
Lloyds shuts down mobile banking service
Lloyds has announced the termination of its mobile van banking service this year, alongside a reduction of 1,600 jobs in its branches, as it shifts […]
Deutsche Bank set to axe 3500 jobs
Deutsche Bank, Germany’s premier financial institution, has announced plans to eliminate 3,500 positions globally by the end of the following year, joining a wave of […]
NatWest reports profit of £6.2bn
NatWest Group has announced its most substantial annual profit since the eve of the financial crisis in 2007, registering a pre-tax profit of £6.2bn for […]
HSBC sees steep rise in pre-tax profits
HSBC, the largest bank in Europe, has reported a significant increase in its pre-tax profits, which surged by nearly 80% to reach $30.3bn (£24bn) in […]
Google launches Gemini AI chatbot
Google has introduced Gemini, its new AI chatbot, effectively replacing the briefly operational Bard service. Launched in December, Bard was promoted as a rival to […]
AI risks worsening inequality, says IMF
The International Monetary Fund (IMF) has released an analysis suggesting that while AI has the potential to significantly enhance global productivity and economic growth, it […]
AI set to increase cyber threat to UK, says NCSC
The UK’s National Cyber Security Centre (NCSC) has issued a report highlighting the potential for AI to significantly escalate cyber threats within the next couple […]
