Barclays has been accused of ‘failing the people you are supposed to service’ after a customer was banned Barclays customers face having to obey ‘cynical’ and ‘nonsensical’ cash rule Barclays has clarified its position on a particular payment restriction after facing accusations of implementing a ‘cynical’ policy The high street …
Read More »U.S. economy in stall state, 50% recession risk in 2 years
Investing.com — The U.S. economy has likely entered a “stall state,” with the risk of recession within two years rising to around 50%, according to Barclays analysts. In a research note, the bank said its updated “tipping points” model, which incorporates recent payroll revisions, suggests “the underlying pace of US …
Read More »Is the AI talent war heating up?
Investing.com — The battle for top artificial intelligence talent is intensifying, according to Barclays (LON:BARC), with recent data and high-profile moves pointing to escalating competition between tech giants and AI labs. “Seven-figure retention bonuses and lengthy non-competes may not be enough to keep top talent,” Barclays analysts wrote, adding that …
Read More »Inside the towns left desolate as pubs, banks, libraries and swimming pools close
Bustling shops, pubs, libraries and banks can all help knit together a thriving community and prevent loneliness by getting people out and about and talking to each other. But nearly 20,000 of these vital hubs have closed since before the pandemic. Whether we are shopping online or using self-scan tills …
Read More »Barclays hikes Royal Mail price target on growth expectations
Barclays hiked its price target on Royal Mail to 640p from 550p on Thursday, citing expectations of growth in FY23. The bank said it expects “solid” Christmas trading, as indicated by the recent ‘Barclays UK Spend Trends’ discretionary retail spend signal. “UK domestic volumes continue to be supported by antigen …
Read More »FTSE 100 Live 21 October: Evergrande deal falls through, Barclays earnings after Tesla results, bitcoin record
E vergrande’s future was back in focus today after it emerged that China’s debt-laden property firm had failed to complete a key $2.6 billion asset sale. Its shares plunged more than 10% at one point following their resumption of trading, with Asian markets also back under pressure on fears of …
Read More »Fraud warnings issued to Barclays, Halifax, HSBC and Lloyds customers over viral scam
Fraud warnings have been issued to online banking customers after a rise in text message scams targeting savings accounts as the tax-year draws to a close. Tens of thousands of scam messages, purporting to be from Barclays, Halifax, HSBC and Lloyds have been issued in the past week – asking …
Read More »Sage chairman Sir Donald Brydon announces timeline for departure
Newcastle software group Sage has announced that chairman Sir Donald Brydon will step down next year. Sir Donald has indicated that he will retire next September, by which time he will have been in post for nine years. The company has set up a process to identity his successor, which …
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