The banking industry is currently undergoing a financial shock, with the UK’s financial services sector having experienced its worst financial crisis since the financial crisis of 2008.
This is due to the fact that the UK is set to exit the EU.
A bank training class, a traditional one for new graduates, will resume in March 2019 in an attempt to prevent the downturn from becoming a prolonged one.
The classes are scheduled to last about eight hours, with each one lasting for two hours.
The banking sector has been dealing with a sharp drop in lending and the fact there is not a shortage of skilled people available to work in the industry.
It was hoped that the banks would be able to offer courses in the next couple of years, but as the situation is already dire, there is no sign that it will happen any time soon.
“It’s a good idea, it will make us a bit more competitive in the future,” said Michael McLeod, the founder of the Bank Training School in Sheffield.
“If you can get the training out of your system, it’s a fantastic thing.
The training will be held at the Bank of England headquarters in central London, but the training itself will be carried out in the town of Salford. “
That’s a really important thing.”
The training will be held at the Bank of England headquarters in central London, but the training itself will be carried out in the town of Salford.
In recent months, it has been suggested that the training could be extended to the UK capital, London.
The British Bankers’ Association (BBA) is yet to comment on the proposed move.
The BBA said that it does not have any plans to make any changes to the banking industry, adding that it is still committed to maintaining a safe and healthy banking system for all its members.
“The BBA remains committed to ensuring that banks are financially sustainable, and will continue to work with the sector to achieve this,” it said in a statement.
The government has made a series of announcements in recent weeks, including allowing the Bank to set its own minimum deposit requirement and allowing it to borrow in the local currency.
Banks will be allowed to use their own cash for their operations, and a “mini deposit scheme” will be set up in the UK to provide funds to banks for “unanticipated” short-term needs.
The aim is to ensure that the sector does not become too dependent on banks to meet its long-term funding needs.
Source: News24 article