French lender BNP Paribas to slash up to 800 jobs in Poland
France-based retail banking group BNP Paribas has decided to axe up to 800 jobs at its Polish banking arm BNP…
Two of ‘Big Five’ Canada banks allow remote working until April 2021
A pair of Canadian banking giants have decided to allow some of their employees to continue working from home at least until April next year. The Bank of Montreal (BMO)…
26 Nov 2020
JPMorgan amalgamates three EU units as Brexit looms
American banking giant JPMorgan Chase is reportedly planning to consolidate its three banking subsidiaries in the European Union (EU) to slash costs. The lender is planning to fold the three…
26 Nov 2020
Covid-19 impact: Japan’s Mizuho Financial looking to cut office space in Singapore
Japanese lender Mizuho Financial Group has reportedly decided to cut its office space in Singapore as the work from home policy yielded better than expected results. The bank is planning…
20 Nov 2020
HSBC implements flexible working arrangement in Hong Kong
HSBC has reportedly allowed all its employees in Hong Kong to work from home and office alternatively. According to an internal memo sent to staff, eligible employees can work from…
19 Nov 2020
Covid-19: Lloyds Bank recommences branch closures to save costs
Lloyds Banking Group (LBG) has resumed its plans to permanently close 56 branches at Lloyds, Bank of Scotland, and Halifax, in a bid to slash costs. The move is expected…
19 Nov 2020
South Africa to stop issuing and accepting cheques from 2021
South Africa is officially phasing out the issuance and acceptance or collection of paper cheques from the national payment system, starting from 31 December 2020. The decision was jointly taken…
18 Nov 2020