Lloyds Banking Group is cutting over 1,000 jobs as part of its previously announced three-year strategy.
8,400 new jobs available on the market in September.
It is "definitely very early to say" what the implications of Brexit will be on the financial industry and on London, VTB Capital Global CEO Alexei Yakovitsky told CNBC Wednesday, in a softening of rhetoric following recent reports the Russian bank was considering moving its investment banking headquarters away from the U.K. capital.
The first face-to-face talks between the boss of Southern Rail and the leader of the RMT union are to be held on Wednesday in an attempt to resolve the six-month-long dispute.
The pound endured another day of pressure from investors on Tuesday after continued jitters on the foreign exchange markets pushed it down more than two cents to $1.21.
Top bankers have warned that Brexit could force their industry to shift jobs out the City, as a senior policymaker at the Bank of England warned the loss of such high-paid roles could knock a hole in the UK’s budget.
More than 150,000 people have signed an EU staff petition demanding that the former European commission president José Manuel Barroso loses his pension for taking a job at Goldman Sachs.
A change in the currency trade winds this year has taken a tough toll on Deutsche Bank as it fights to dispel worries about its overall stability.
Wall Street investors are unlikely to have that Friday feeling this week, as several big banks are set to release results and the outlook is less upbeat than it could be.
Plans for an EU financial transaction tax (FTT) could be published by Christmas after politicians in 10 Eurozone countries agreed to push ahead with plans.