UK Banking Watchdog Launches Investigation Into Barclays Following Major IT Outage

In a significant development within the UK banking sector, the Financial Conduct Authority (FCA) has opened an investigation into Barclays Bank in response to a significant IT outage that disrupted services and inconvenienced thousands of customers. The incident, which occurred recently, raised concerns about the bank's operational resilience and its commitment to providing reliable service to its clientele.

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Monzo's Strategic Leadership Expansion Signals Ambitions for IPO

Monzo, the digital banking pioneer based in the UK, is making significant moves in its leadership team as it prepares for a potential initial public offering (IPO). The company has recently recruited seasoned executives from major financial institutions, including Barclays and Nubank, to strengthen its position in the competitive fintech landscape.

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