While the usual UK employment laws apply to financial services employers, there are a number of key extra issues for them to deal with.
For example, individuals performing controlled functions must have approved person status, which is obtained by making an application to the Financial Conduct Authority and/or the Prudential Regulation Authority.
XpertHR provides HR information and guidance for employers in financial services.
Klarna has shrunk its workforce by more than 1,000 employees during the last year as it ramps up its use of artificial intelligence (AI).
US bank Wells Fargo is facing a lawsuit claiming it defrauded shareholders by conducting ‘sham interviews’ for non-white and female...
Pay and bonuses for bankers at Goldman Sachs have increased by 17% as profits more than doubled.
Insurance firms not offering hybrid working see lower quality hires, reduced job acceptances and poorer staff wellbeing, a report has found.
A former HSBC employee has lost his claims for race discrimination and unfair dismissal at an employment tribunal.
A quarter of firms have missed the deadline to respond to a survey on sexual harassment and bullying commissioned by the Financial Services Authority.
According to Citigroup, about 54% of jobs across banking have a high potential to be automated.
NatWest is set to acquire the core banking business of Sainsbury's Bank. It is currently unclear how many employees will be affected.
Analysis of gender pay gap reports by PWC shows it will take 45 years to close.
The Bank of England is set to increase its presence in Leeds and plans to have one in 10 staff based in the city by 2027.
HSBC and Deloitte have pulled job offers to foreign graduates of UK universities after the salary threshold for a skilled worker visa was increased.
The government has rejected a recommendation from a group of MPs to ban the use of non-disclosure agreements in sexual harassment cases.
Trade union Unite has called TSB’s decision to axe 250 jobs and close 36 branches a ‘grave mistake’.
Goldman Sachs is set to remove its bonus cap for London-based staff, allowing some of its workers to once again pick up multimillion pound payouts.
Figures from Goldman Sachs have reportedly shown that the gender pay gap among UK staff at the finance giant has...
