Swedish bank creates new position as it seeks to be more proactive about its proposition in the city
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Operating pre-tax profit of £1.3bn for the first quarter was down 27% year-on-year
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The world’s oldest mutual’s annual results also showed its highest ever pre-tax profit
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Banking group states that the decline was partially driven by lower net interest income
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The US bank has 2,600 employees in the city, with the building creating 3,900 local construction jobs over the past five years
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Banking group’s AGM also reveals simplification strategy harnessing automation and artificial intelligence technology
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The Edinburgh-based financial services firm also revealed a 10% increase in membership year-on-year
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The challenger bank also gives an update on financial preformance
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The Financial Ombudsman received 3,858 complaints linked to debanking over the 2023/24 financial year
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Those left will be upgraded, with more than £10m spent by the banking group
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