In another bad day (October 6) for the finance sector job losses are announced in finance firm LV and JN bank. The moves have been roundly condemned by Unite.
The post Bad day for the finance sector…Read more…
Cashpoint system on brink of collapse
The UK’s free-to-use cashpoint system is collapsing amid continuing bank branch closures, leaving many underserved communities, vulnerable people and small businesses behind. New…Read more…
‘Here’s to the next 100 years’
Unite’s finance sector, which has 130,000 members, is among the union’s largest groups. Unite has long campaigned tirelessly on issues important to finance members, including on pay, job security,…Read more…
Party like it’s 2008?
Former employees from the defunct Lehman Brothers investment bank, which played a key role in the 2008 global financial crisis, are planning a party on the 10th anniversary of its collapse – a move…Read more…
‘Find your moral compass’
Unite’s condemnation of a swathe of planned Royal Bank of Scotland branch closures was heard loud and clear by the bank’s top brass today (May 30), after members spoke out at the bank’s annual…Read more…
Bank jobs slash betrayal
Royal Bank of Scotland (RBS) Unite members were dismayed to learn today (Friday December 1) that the tax-payer backed bank is to cut a quarter of its branches. Unite accused RBS of decimating its…Read more…
State-run Postbank welcome
The creation of a state-run Postbank would help the flow of finance for small businesses and promote social inclusion as traditional bank branches close, Unite said on Thursday (September 7). …Read more…
‘No signs of ending’
Every week more than ten high street bank branches close across the UK. According to research from consumer group Which? more than 550 branches are to be shut this year alone. More than…Read more…
Beware ‘cashless’ society
Unite’s annual political school in Durham, in the week of the inspirational Miners’ Gala, was one of the best that I had attended. It’s an intense three days. This year was no different in…Read more…
Barclays jobs stay pledge
Barclays is not considering moving British jobs to Europe because of Brexit, the bank’s chief executive has said. Jes Staley also said that any internal restructuring that would be needed…Read more…
‘No signs of ending’
Unite the union, representing staff across Lloyds Banking Group (LBG) has expressed anger about the banks’ decision to close a further 100 branches, resulting in over 200 job losses. The UK…Read more…
Stop bank closure call
The 72 per cent taxpayer-owned bank RBS – which benefited from a £45bn bailout after the financial crisis – today (February 24) reported its ninth consecutive year of losses, as it struggles to pay…Read more…
1000 More Euro millionaires is a symptom of a disordered banking sector
In 2015 there were 4,133 €-millionaire bankers in UK. This figure is up 20% on 2,926 the previous year. In the rest of Europe, the increase was more modest from 934 to 1002 (+7%). The sharp eyed will gather that we are home to 4,133 of 5,035 €-millionaire bankers in Europe as a whole,…Read more…
Rethink bank branch closures
Unite the union has urged MSPs to back a motion calling on RBS and other banks to think again about ‘slash and burn’ branch closures. Last week, RBS announced plans to close a further 86…Read more…
Our banking system just isn’t working for the real economy
Today the BBC are reporting that over 600 local bank branches have been closed in the last 12 months. It’s a tragedy both for staff who have lost jobs and for the communities that need the service they provided. It also poses a crucial question for unions about how we get the kind of banking…Read more…
Brexit bonfire of regulations would be a bonanza for worst kind of financial speculators
It’s amazing how short memories are. The way some people talk, the financial crisis happened under Queen Victoria not Elizabeth. Yet it is less than ten years since the actions of a group of irresponsible, under-regulated bankers brought the world economy to its knees. We all know that we could not…Read more…
Rise of the robo-bankers?
Investment advisers at the 73 per cent taxpayer-owned RBS bank are set to be replaced by so-called “robo advisers” to cut costs, which will entail the loss of 250 jobs. The bank, which…Read more…
Corbyn in ‘cash cow’ banks slam
Unscrupulous banking bigwigs are treating ordinary workers like a “cash cow”, Jeremy Corbyn told business bosses yesterday (Thursday March 3). The Labour leader’s accusation was backed up by…Read more…
Rock bottom deal?
Boasts by George Osborne that the £13bn sale of former Northern Rock mortgage loans have resulted in gains for the taxpayer are being questioned by industry experts with Unite calling for answers and…Read more…
Rock and a hard place
The government’s £13 billion sale of ‘bad bank’ mortgages to a United States equity firm threatens the long-term security of thousands of home owners Unite has warned. …Read more…