Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Western EuropeOctober 6 2023

Hopes high that UK will remain a leading financial hub

UK banks and financial institutions need to focus on AI and talent retention to keep up with a fast-paced market, according to Lloyds’ latest survey.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Hopes high that UK will remain a leading financial hubMorning commuters on London Bridge head towards the City of London, UK. Image: Hollie Adams/Bloomberg

In this year’s edition of Lloyds Bank’s Financial Institutions Sentiment Survey, the lender compiled insights from more than 100 senior personalities and decision-makers at UK banks, insurers, wealth and asset managers and financial sponsors, among others. The survey lays out the trends, opportunities and risks in a market still battling with high inflation and economic uncertainty.

The survey found that the largest proportion of respondents thinks that growth within the financial services sector will remain largely unchanged compared to previous years. More than four in five experts (86%) say that they will either maintain or increase their current investment quota over the next few years, with a particular focus on technology and talent retention.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial