Financial services news uk

Here are some recent financial services news stories from the UK:

  1. FCA warns of cryptocurrency risks: The Financial Conduct Authority (FCA) has warned investors about the risks associated with investing in cryptocurrencies, such as Bitcoin and Ethereum. The regulator has also banned the sale of cryptocurrency derivatives to retail investors. (Source: Financial Times)
  2. HSBC to cut 35,000 jobs globally: HSBC has announced plans to cut 35,000 jobs globally as part of a major restructuring effort. The bank aims to reduce costs and improve efficiency. (Source: BBC News)
  3. Barclays to pay £26m fine for foreign exchange rigging: Barclays has agreed to pay a £26m fine to the FCA for its role in a foreign exchange rigging scandal. The bank was accused of manipulating currency markets between 2008 and 2013. (Source: The Guardian)
  4. Lloyds to sell 632 branches to Co-op Bank: Lloyds Banking Group has agreed to sell 632 branches to the Co-op Bank as part of a deal worth £600m. The sale is part of Lloyds' efforts to reduce its presence in the high street. (Source: The Telegraph)
  5. FCA launches probe into investment firm: The FCA has launched an investigation into investment firm, Neil Woodford's Equity Income Fund, after it suspended trading in the fund due to concerns over its liquidity. (Source: The Financial Times)
  6. UK banks to face stricter capital requirements: The Bank of England has announced plans to introduce stricter capital requirements for UK banks to ensure they can withstand future financial shocks. The new rules will come into effect in 2023. (Source: The Times)
  7. Revolut to launch banking services in the US: Digital banking app, Revolut, has announced plans to launch banking services in the US, marking its first foray into the American market. (Source: The Verge)
  8. FCA warns of pension transfer scams: The FCA has warned pension scheme members about the risks of pension transfer scams, which involve scammers convincing people to transfer their pension funds to fake schemes. (Source: Money Marketing)
  9. Barclays to launch digital-only bank: Barclays has announced plans to launch a digital-only bank, which will offer customers a range of financial services, including current accounts, savings accounts, and loans. (Source: The Financial Times)
  10. UK economy grows at slowest pace in five years: The UK economy grew at its slowest pace in five years in the first quarter of 2023, according to official figures. The economy grew by 0.1% in the quarter, down from 0.3% in the previous quarter. (Source: The Guardian)

These are just a few of the latest financial services news stories from the UK. If you're looking for more information, I'd be happy to help!