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BP CEO resigns over investigation into relationships with colleagues
Bernard Looney, CEO of oil giant BP, has resigned after less than four years in the role over an investigation into his past relationships with members of BP staff.
UK banks to phase out remote working
Working from home became the norm during the Covid-19 pandemic and is seen by many as one of the few positive outcomes of lockdown. However, the golden days of logging on wearing your pyjamas could soon be over, as many banks are now launching plans to roll back remote working and get staff back into the office as much as possible.
FINMA highlights AML shortcomings in Swiss banks
After looking into the anti-money laundering efforts of 30 major banks over the spring, Swiss financial regulator, FINMA, has published a new set of guidelines, outlining its findings and highlighting measures Swiss banks must take to improve their protections against money laundering – a longstanding problem in the region.
Are CBDCs a non-starter?
CBDCs (central bank digital currencies) have been lauded by many as the next logical step for governments looking to keep pace with the growing demand for crypto currencies. But recently, interest in this area of finance seems to be waning, with a survey by the CFA Institute suggesting the financial industry is divided on CBDCs.
FCA given new powers to ensure banks provide access to cash
A government policy statement published today by the UK Treasury has set the minimum expectations on banks to protect services for people and businesses wanting to withdraw or deposit cash.
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