• Sir Joe opens revamped NatWest branch

    Sir Joe opens revamped NatWest branch0

    Minister for Economic Development Sir Joe Bossano formally opened the NatWest International Line Wall Road branch yesterday morning following a million pound investment in the premises. The bank is also celebrating 30 years on the Rock. Head of Corporate and Commercial at the bank, David Bruce, welcomed Sir Joe, staff and customers and gave them

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  • Lloyds to swing the axe on over 6,000 jobs in digital push

    Lloyds to swing the axe on over 6,000 jobs in digital push0

    By Ravender Sembhy, Press Association City Editor Lloyds Banking Group has confirmed it is to axe 6,240 jobs as part of a digital overhaul. The high-street lender said that as part of the shake up, it will also create 8,240 new roles, resulting in a net creation of 2,000 jobs. Lloyds said that 75% of

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  • Awareness day

    Awareness day0

    Representatives from the Gibraltar Deposit Guarantee Scheme held a roadshow last week ending with an awareness stall outside the Piazza. They spoke to members of the public about this scheme that protects individuals’ and businesses’ money if a bank were to go out of business. There were also stalls held in Jyske Bank and Morrison’s

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  • London stock exchange kick-starts preparations for hard Brexit

    London stock exchange kick-starts preparations for hard Brexit0

    By Helen Cahill, Press Association City Reporter The London Stock Exchange Group (LSE) has kick-started its preparations for a hard Brexit, warning that the terms of the UK’s exit are still “unclear”. The company has cautioned that a provisional agreement between negotiators in the UK and Brussels is yet to be approved by parliaments on

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  • Bank of England expected to hike interest rates

    Bank of England expected to hike interest rates0

    The Bank of England is expected to hike interest rates to their highest level for almost a decade today. Members of nine-strong Monetary Policy Committee (MPC) are predicted to increase rates from 0.5% to 0.75% in what would mark only the second rise since the financial crisis struck, following last November’s quarter point hike. The

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  • RBS to invest £1.1m in Line Wall branch

    RBS to invest £1.1m in Line Wall branch0

    The Royal Bank of Scotland International is to invest £1.1 million into the Nat West Bank at 55 and 57 Line Wall Road, with works set to complete in November before the Corral Road branch closes. An application was recently filed with the Town Planner by the architect firm, Lewis and Hickey, for the two

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