Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years

The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.

The plans, put forward by the financial industry’s two top regulators, the Bank of England and the Financial Conduct Authority (FCA), include a reduction in reporting for “lower-level misconduct” and would also free 140,000 managers from extra checks.

Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits

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Barclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI.

The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 workers since the start of the year.

Union furious as bank scraps remote-first policy from February 2027, requiring all of its UK employees to come in at least twice a week

NatWest has ordered 13,000 staff to increase their in-office days from two days a month to two days a week, angering its staff union.

The banking group, which serves customers under the Royal Bank of Scotland, NatWest, Ulster Bank and Coutts brands, will require all of its nearly 40,000 UK staff to follow a strict two days a week office schedule from February 2027, abolishing a remote-first policy for thousands of employees.

Concerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profits

The Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.

The Bank’s regulatory arm, the Prudential Regulation Authority (PRA), started reviewing the matter this year after concerns were raised by a Barclays insider, according to the Financial Times.