Our latest company announcements.
With transformation at the heart of this month’s newsletter - featuring our first ‘In Conversation With’ guest discussion on transformation, a podcast episode on cloud migration, and an Aberdeen article reflecting on the company’s journey of transformation - we would like to take this opportunity to remind you of Evolution Partners' Global Transformation Network.
The breaking story this week was HSBC’s decision to terminate a number of its investment banking staff. Elsewhere, the fallout from the anti-DE&I stance of the US administration continues as JP Morgan changes its DE&I program to Diversity, Opportunity and Inclusion.
This week’s news summary looks at the increased focus on regulation in the UK. We also look at executive compensation at Goldman Sachs and our final story covers Santander’s announcement that it will close 95 branches across the country this year.
In issue #8 of The Evolution Digest we're talking FinTechs, their attempts to take on the US and penetrating a market with $24 trillion in assets. Will British fintech firms Revolut and Monzo be able to crack the US Market?
Our top stories this week; Citigroup's $81 Trillion Error Raises Operational Concerns. We also explore how HSBC initiates a search for a new UK CEO amid a leadership restructure, plus other key stories from the last week.
Our top stories this week; Metro Bank returns to profit in second half of 2024, recovering from a £26.8 million loss in the first half. We also discuss JPMorgan Chase making a major shift in its investment strategy plus other key stories from the last week.
As a part of our 2025 Banking Trends report, we not only share the key forces shaping the financial industry this year but we also share a word from our Founder and UK Managing Partner, David Powell. Catch this and our take on the impact of the Trump Presidency on US Bank Regulations in the February issue of The Bottom Line.
This week's top stories include the UK Fintech sector advocating for a regulatory system that is faster, simpler, and technology-enabled to foster innovation; Lloyds Banking Group allocating an additional £700 million for car finance mis-selling probe; plus we cover HSBC's major restructuring and other key stories from the last week.
UK Banks to Lobby Chancellor Rachel Reeves on hiring top foreign talent, Deutsche Bank fined €10 Million over Forex mis-selling, and UK Banks to detail IT failures after Barclays outage - Read about these stories and more in our latest issue of The Evolution Digest.
