Business volumes in the financial services sector dropped at a rapid pace in the three months to June, following a temporary recovery in Q1, according to the latest CBI Financial Services Survey. The quarterly survey, conducted between 1 and 17 June 2026, also found that sentiment among FS firms fell in the quarter to June, as profitability contracted at a steep rate over the same period. Despite the weakness in business conditions, headcount in the sector rose for the first time since June 2024.