Ben Marlow

Branch closures and graveyard pop-ups show customers are an afterthought for banks

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Branch closures and graveyard pop-ups show customers are an afterthought for banks

In many ways, it’s the never-ending troubles of Metro that cast the greatest shadow over traditional banking. Boss Daniel Frumkin insists it remains “committed to stores and the high street” following a £925m rescue led by Colombian billionaire Jaime Gilinski Bacal but in the same breath he says the company “will transition to a more … Read more

The £5 trillion ‘pyramid scheme’ threatening to wreck your retirement

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The £5 trillion ‘pyramid scheme’ threatening to wreck your retirement

In 2021 alone, more than 1,500 British companies – many of them household names – vanished into private hands including supermarket chain Morrisons, defence supplier Ultra Electronics, and security giant G4S.  Private equity chalked up $1.3tr worth of deals worldwide – shattering the previous high of $670bn set in the year before Lehman Brothers imploded. … Read more