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.
Deutsche Bank is planning to cut around 3,500 jobs worldwide by the end of next year, mainly in non-client-facing roles.
Shadow chancellor Rachel Reeves will not reinstate a cap on bankers’ bonuses if a Labour government comes into power.
Lloyds Banking Group has announced a major restructure as more customers bank online.
Most women who spoke to the Treasury Committee confirmed there had been little progress since the MPs’ last report on sexism in the City in 2018.
Citigroup will cut headcount by around 20,000 in the next two years, senior executives have said.
A former Goldman Sachs employee has brought a legal case over workload pressures against its London business.
Barclays has cut around 5,000 jobs from its global workforce in an attempt to slash costs.
Aviva has dismissed men where their behaviour has fallen short of expectations, its chief executive tells sexism in the City inquiry.
Nationwide is to undergo a restructure that will put 470 jobs at risk of redundancy.
Nationwide Building Society has reversed its 'work from anywhere' policy and will require 40% office attendance.
Metro Bank is considering shedding 20% of its workforce and reducing opening hours as part of a strategy to save around £50m a year.
An estimated 160,000 workers in the financial services sector require upskilling, around 16% of the entire UK finance workforce.
Thousands of jobs in the banking sector are potentially at risk, with Barclays and Lloyds Banking Group planning to restructure in some departments.
The FCA must be more speedy and tougher if it is to tackle the culture of sexual misconduct and harassment in the City of London.
PwC tops the Social Mobility Employers Index again but Social Mobility Foundation calls on government to tackle unpaid internships.
