4 h. ago Metro Bank returns to profitability after cutting 30% of workforce

The lender made £80 million of annualised cost savings over the financial year.

Economics

29 h. ago Metro Bank sells £584m of personal loans as it shifts focus to specialist lending

'Upon completion, the transaction is capital accretive and will allow us to further optimise our balance sheet as we strengthen our position as a specialist lender of choice'

Economics

31 h. ago Metro Bank sells £584m personal loan book amid shift to specialist lending

The high street bank is focusing efforts on commercial, corporate, small business lending and specialist mortgages.

Economics

6 d. ago Elon Musk praises Doge efforts to cut federal workforce after judge ruling – live

Musk claims Trump administration is ‘finding savings’ amid mass terminations; federal judge won’t block administration from laying off federal workersJudge rules Trump administration can continue mass firings of federal workersDonald Trump signed another round of executive orders onboard Air Force One last night, among them one aimed at ending federal benefits for people in the country illegally.The order seeks to end “all taxpayer-funded benefits for illegal aliens”, according to the White House, although it was not clear which benefits will be targeted. Continue reading...

Events

9 d. ago Met Police to cut workforce and services despite funding increase

Met Police to cut workforce and services despite funding increase  BBC.com

Economics

9 d. ago FDA staff reviewing Musk’s Neuralink among latest federal firings, sources say

About 20 people working on medicine devices at Food and Drug Administration dismissed amid government purgeUS Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter.The cuts included about 20 people in the FDA’s office of neurological and physical medicine devices, several of whom worked on Neuralink, according to the two sources, who asked not to be identified because of fear of professional repercussions. That division includes reviewers overseeing clinical-trial applications by Neuralink and other companies making so-called brain-computer interface devices, the sources said. Continue reading...

Politics

1 week ago Firms planning to cut recruitment and increase redundancies – report

Many businesses are planning to reduce headcount, raise prices and cut investment in workforce training, survey suggests.

Politics