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Barclays customers are experiencing a third day of service disruptions due to an IT issue that began on Friday, affecting online and mobile banking. The bank has acknowledged outdated balances and missing payments, assuring customers that no one will be left out of pocket and that ATMs remain operational. Barclays is working to resolve the problem and has extended call center hours to assist affected customers.
Investors including GIC and Mubadala have acquired significant stakes in Monzo, which is now debating its IPO location, with CEO TS Anil favoring a US listing. Despite executive changes, Monzo's growth is notable, boasting over 11 million customers. Meanwhile, Barclays is experiencing a shift in pay dynamics under CEO CS Venkatakrishnan, as the bank adapts to competitive pressures in executive compensation.
WH Smith PLC's growth will be closely examined in an upcoming update, with UBS highlighting a market consensus sales growth target of 5% for 2025. Expectations indicate a slight easing in High Street sales decline and a reduction in Travel growth as the benefits from COVID unwind. The company's shares have dropped 20% recently, raising concerns about its growth delivery and roll-out targets.
WH Smith PLC
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barclays customers face ongoing service disruptions as banking issues persist
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08:39 02.02.2025
monzo faces pivotal decision on potential us or uk ipo listing
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