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BBA cancels annual summer bash

The British Bankers’ Association told its members last week that the industry needs “to think long and hard about its collective behaviour”, as it cancelled its annual summer party as a result of the growing pressure on the UK banking sector.

Its annual summer party which it holds for members was due to take place on July 4.

But in an email sent out by the BBA’s outgoing chief executive Angela Knight, she argued that in the current circumstances it would be wrong to proceed with the reception last week.

She said: “We regret the short notice but our industry needs to think long and hard about its collective behaviour and I am sure you understand this is not the time for such an event to take place.”

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