Financial Services
About Financial Services
Financial Services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, . . .
Bank branch closures hits Prime Minister Rishi Sunak's constituency
... " He said the major High Street banks should be compelled to provide support staff in all 11,500 post offices around the country to ensure community Financial Services, including access to cash, is maintained...
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... His most recent employer, CUSO Financial Services, said in a statement to the BBC that he was laid off from his job on 8 November...
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... In announcing his successor, a " highly qualified leader" adding that " with over three decades of Financial Services and regulatory experience, he will navigate the company through its next period of growth"...
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... After Russia launched its full-scale invasion, Ukraine s National Bank restricted Financial Services for all Russian and Belarusian citizens, although it says those with a residence permit are not affected...
Banks accused of dragging their feet over fraud refunds, says MP
... " The trade body UK Finance, which represents the banks, said: " The Financial Services sector invests more in countering fraud than anyone else, and is the only sector that reimburses victims - even though the vast majority of authorised fraud originates on other platforms and networks...
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... The companies include UK Financial Services giants such as HSBC, Prudential, and Legal & General, as well as global investment firms including Goldman Sachs, UBS, Deutsche Bank and BlackRock...
Ex-Barclays boss Jes Staley banned over Epstein scandal
... " She added that it was right to prevent him from holding a senior position in the Financial Services industry if he could not be relied on " to act with integrity by disclosing uncomfortable truths about his close personal relationship with Epstein"...
What's going on at Metro Bank?
... The BBC understands Treasury officials have been in touch with the Prudential Regulation Authority, the Financial Services regulator, which is monitoring the situation at the bank...
Bank branch closures hits Prime Minister Rishi Sunak's constituency
By Kevin PeacheyCost of living correspondent
The latest in a string of branch closures will see The Final bank close in Prime Minister Rishi Sunak 's constituency of Richmond.
A shared banking hub will replace the Barclays in the North Yorkshire town, the 100th location earmarked for a hub.
A further 17 Barclays branches will shut, The Bank has now announced.
The Move comes A Day after Lloyds Banking Group said it would shut 45 branches next year, and Metro Bank announced a review of opening hours.
Labour has called for shared banking hubs to be opened quicker.
Barclays said the Richmond branch would close when the new hub is up and running.
" As visits to branches continue to fall, we need to adapt to provide The Best service for all our customers, " a Barclays spokesman said.
In August, the government said banks would face fines if they failed to provide free access to cash withdrawals for consumers and businesses.
A planned policy will state that free cash withdrawals and deposits must be available within One Mile for people living in urban areas. In rural areas, where there are concerns over " cash deserts" the maximum distance is three miles.
A voluntary arrangement is currently in place which means every High Street should have free access to cash within 1km.
ClosuresNearly 6,000 branches have closed since the start of 2015, according to the consumer group Which? with scores more already scheduled to close next year.
Campaigners fear some retailers could stop accepting cash if it becomes too tricky to process.
Cash remains a necessity for millions of people, research has found, with the elderly and those with disabilities among those likely to struggle. Branches have been more likely to close in disadvantaged areas.
So-called banking hubs are spaces shared by several different High Street banks and are meant to help communities that have seen all their bank branches close.
While welcomed in communities where they have opened, there has been criticism that relatively few are operating.
Labour plans to ensure that 350 will open.
Shadow chancellor Rachel Reeves said: " Labour's plan will bring banking services back to communities who have seen them disappear over recent years, meaning more people across the country will be able to access the services they need closer to home. "
Natalie Ceeney, who wrote a major report into access to cash and oversees the opening of hubs, said: " Over The Past month we've been opening More Than a hub a week.
" Last week we were opening Hubs in Cumbria, Derbyshire and Devon. This Week and next we're in Lincolnshire, London, County Durham , County Down and Denbighshire. We will have 30 banking hubs open by The End of the year and 50 by Easter. "
Ron Delnevo, who chairs the Payment Choice Alliance, " A total of 350 Bank Hubs is nowhere near enough to replace the thousands of bank branches lost in The Last five years. "
He Said The Major High Street banks should be compelled to provide support staff in all 11,500 post offices around the country to ensure community Financial Services , including access to cash, is maintained.
On Thursday, Lloyds Banking Group said it would close 22 Halifax branches, 19 Lloyds branches and four Bank of Scotland branches next year.
Metro Bank has said it will review, and plans to cut 20% of its workforce.
Barclays has updated its with the latest additions.
Related TopicsSource of news: bbc.com
