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 adding a 'wellness suite' into its new London office to support neurodivergent and menopausal employees.
The Co-operative Bank has announced 400 job losses, affecting around 12% of its workforce. Redundancies are expected by the end of August.
Only a third of organisations that signed the Women in Finance Charter met or exceeded their gender diversity targets in 2023.
Metro Bank has announced 1,000 job losses, with affected staff leaving in April 2024. Seven-day opening will also end.
The Treasury Committee has published its findings on sexual harassment and bullying in the City, and some recommendations for tackling it.
Nationwide Building Society is considering buying Virgin Money for £2.9bn, and expects to retain all staff if the deal goes ahead.
The Financial Conduct Authority has been accused ‘taking an activist approach’ to its diversity policies by a group of Conservative...
A successful approach to building a business that can overcome these growing pains should focus on two key aspects – leveraging diversity and maintaining a unified work culture.
The Financial Conduct Authority has ordered more than 1,000 banks, insurance firms and brokerages to report how many sexual harassment,...
About 2,800 of Tesco’s banking staff are to transfer to Barclays.
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.
