Join JAAGNet and Group

SIgn up for JAAGNet & the UKI Group its FREE!!

 

Member Benefits:
_____________________

 

Again signing up for JAAGNet & Group Membership is FREE and will only take a few moments!

Here are some of the benefits of Signing Up:

  • Ability to join and comment on all the JAAGNet Domain communities.
  • Ability to Blog on all the Domain communities 
  • Visibility to more pages and content at a group community level, such as Community, Internet, Social and Team Domain Community Feeds.
  • Make this your only content hub and distribute your blogs to LinkedIn, Reddit, Facebook, Twitter, WhatsApp, Messenger, Xing, Skype, WordPress Blogs, Pinterest, Email Apps and many, many more (100+) social network and feed sites. 
  • Opportunity to collaborate (soon to be  released) with various JAAGNet Business communities and other JAAGNet Network members.
  • Connect (become friends), Follow (and be Followed) and Network with JAAGNet members with similar interests.
  • Your Content will automatically be distributed on Domain and JAAGNet Community Feeds. Which are widely distributed by the JAAGNet team.

Join Us!

JAAGNet Newsletter Signup

barclays (3)

Gold Level Contributor

Former Barclays execs to launch digital bank

A team of financial services experts led by two former Barclays executives has unveiled plans to launch Pennyworth, a new digital bank to serve the needs of young professionals and middle managers.

Pennyworth, founded by Jeremy Takle and Ben Harvey, formerly managing director and head of product at Barclays’ US Digital Consumer Bank, began the pre-application process to become an authorised UK bank in March 2020.

The neobank has now opened a waitlist with the aim of recruiting 1,000 'Pennyworth Pioneers' to gain advanced access to its mobile banking app as part of beta testing in early 2021.

Ben Harvey, chief product officer of Pennyworth, comments: “ We are building a digital bank for ‘aspiring affluent’ young professionals, busy people climbing the corporate ladder with complex financial needs, who would benefit hugely from personalised service and financial planning insights, but who struggle to access them in their traditional form.”

Pennyworth will not offer its own current accounts but will instead use Open Banking to provide financial planning tools across all customer accounts as well as offering high-yield savings and deposits, loans and overdrafts.

CEO Takle comments: “Banking is broken and our mission is to fix it by making it easier for busy people with complex needs to achieve their financial goals. Traditional banks continue to exploit busy people by providing poor value, impersonal service, and the first wave of neobanks have failed to break that inertia because they are too busy battling to win current accounts that most people don’t want to switch.”

Originally published by
Finextra | October 12, 2020
Read more…
Silver Level Contributor

Image: Getty Images

Barclays will tell "hundreds" of UK staff who had gone back to the office to return to working from home.

The bank told the BBC it was making the move following the latest guidance from the government that people should work at home when they can.

About 1,000 Barclays employees worldwide returned to the office over the summer.

French bank Societe Generale and the insurance market Lloyd's of London also told their UK staff to work from home.

Barclays said it would not be releasing a country-specific number on those returning to work from home.

The bank had said it would carry out a "gradual" return to the office in October, after chief executive Jess Staley signalled that he wanted employees working from home during the pandemic to return to the office "over time".

"It is important to get people back together in physical concentrations," he told Bloomberg TV in July.

However, not all banks take the same view. NatWest has said staff can continue to work from home until next year.

On Tuesday, Societe Generale said it was also "adapting its position in line with UK government guidance", without stating the number of workers in its London offices would now work from home.

Lloyd's of London said it had told its 800 directly employed staff to work from home but that this did not apply to the independent brokers who use its Lime Street headquarters.

"Lloyd's underwriting room is certified as a Covid-secure environment and will remain open for market participants," the company said.

'Crushing blows'

Business groups have reacted with dismay to the prime minister's call for people to work at home where they can.

The CBI said that it was a "crushing" blow that would have a "devastating impact".

It marks a change in policy following a government advertising campaign to get people back to work where safe.

Campaign group London First said it would discourage people from returning to workplaces and risk "derailing an already fragile recovery".

CBI director-general Carolyn Fairbairn told the BBC: "We know we need to avoid a second national lockdown at all if we possibly can, but I have to say these are crushing blows.

"The impact on people who are coming back into their offices, the impact on city centres, so dependent on the bustle of city life, our creative industries - this will have a devastating impact on people and businesses.

"And I think that the answer for business, and what I'm hearing in my conversations this morning, is make it a short, sharp shock if it has to happen."

Appearing on the Emma Barnett Show on Radio 5 live, she said she was speaking to the programme from her office and that "about 15%" of her people were in.

"They're excited about coming back, we need to plan to bring more people back. It's good for morale, it's good for learning, it's good for creativity and so many businesses are feeling that, so this is a backward move that won't be welcomed, and let's make it as short as it needs to be."

"The new restrictions must be regularly reviewed to minimise the damage to the economy while safeguarding the health of the nation in the round - not just physical health, but mental health and our economic health, said London First chief executive Jasmine Whitbread.

She also called for the government to extend business rates relief and to introduce a "targeted" version of the furlough scheme, which is due to end on 31 October.

As well as the change in stance on working from home, Boris Johnson also confirmed that pubs and restaurants in England will have to close at 22:00 from Thursday to stop the spread of the coronavirus. He warned that the new measures could last up to six months.

Ms Whitbread said: "A targeted version of the furlough scheme would help those hardest hit in leisure, retail and hospitality."

Roger Barker, director of policy at the Institute of Directors, said the spread of coronavirus was not wholly predictable, but the "back and forth" on office working would cause "frustration".

He added: "Business leaders are eager for the government to focus on the foundations, issues like childcare, public transport, and getting the testing system firing on all cylinders."

Originally published by
BBC | September 22, 2020

Read more…
Gold Level Contributor

 

Tasnim Ghiawadwala, Head of Barclays UK Corporate Banking, said in the announcement, “Barclays is absolutely committed to supporting all businesses through this incredibly challenging period.  This welcome new scheme will enable us to provide vital funding to those businesses not currently eligible for the Coronavirus Business Interruption Loan scheme or the COVID-19 Corporate Finance Facility, but who contribute hugely to the UK economy.”

Barclays will offer lending as high as £50 million for companies with more than £250 million in turnover and as high as £25 million for companies with turnover ranging from £45 million to £250 million to support them with coronavirus-associated challenges. The lending encompasses term loans as revolving credit facilities of a maximum of three years subject to credit approval with a facility term of at least three months.

Read more here

Read more…

JAAGNet UKI Business - Feeds

JAAGNet UKI Personal - Feed

JAAGNet UKI Blog Archive

See Original | Powered by elink

JAAGNet UKI Video Playlist

Love Business EXPO 2021

  • Description:

    Love Business EXPO 2021
    https://www.lovebusinessexpo.co.uk/

    A business to business networking exhibition with a difference. It brings business and personal development opportunities together. If you are a business owner, manager or thinking of starting a business - and you need answers, inspiration or just to see what’s happening in your area - Love Business EXPO 2021 is for…

  • Created by: Kathy Jones
  • Tags: love business, loughborough, uk, networking, expo