Returning from their Easter break, 30,000 Barclays Bank staff have found themselves working for the "biggest banking start-up ever", reports the FT. Barclays has completed the transfer of 24 million customer accounts and £250 billion of assets into a newly-formed ringfenced bank with its own board and capital requirements. Group CEO Jes Staley described the process (which separated consumer banking and small banking from Barclay's investment and 'large corporates' arm) as more complex than preparing for Brexit. Other UK banks, including HSBC and RBS are following suit in coming months. Russia's central bank is to transfer toxic assets from three troubled nationalised banks into a "bad bank" to ringfence them, reports the FT. A total of US$19 billion in assets from three collapsed banks will be transferred into another failed lender, Trust, which will then receive a loan for that amount at a non-market interest rate of 0.5 per cent. Once the debts are recouped or written off, Trust's banking licence will be surrendered. Phishing scammers tricked Italian football club Lazio into paying an instalment of the transfer fee for defender Stefan de Vrij's into a Dutch bank account they controlled instead of that of Dutch club Feyenoord, reports Finextra. The £1.75 million theft came to light when Feyenoord complained about the missing payment.