Metro Bank up for sale, with billionaire investor in line for £420m windfall
Shares up 7% after announcement as Jaime Gilinski Bacal seeks exit three years after helping to rescue bank
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‘Screwed twice’: The CFPB says it’s looking out for consumers. Its own data tells a different story
Early in Donald Trump’s second term, his administration began ditching consumer protection lawsuits involving some of the nation’s biggest-name corporate players – including JPMorgan Chase, Bank of America and Warren Bu…
Macquarie Bank to pay $14m penalty after confusing ‘welcome rate’ promotion
Macquarie Bank is set to pay a $14m court-imposed penalty after it admitted to breaking the Corporations Act with its “welcome rate” promotions.
National Trust votes to seek banking partner more in tune with its environmental policies
The National Trust has voted overwhelmingly to seek a new banking partner in a significant victory for members who have long argued that its relationship with Barclays was at odds with its commitment to protecting the n…
‘Very strange, very sad’: Paraguay bank collapse fells a presidency and leaves millions broke
It was a day after payday, and Volpe, 50, a writer and lawyer, opened his banking app and panicked: he could not even see his balance.
Paraguay’s president quits after millions of people’s savings frozen in bank crisis
Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days.
How big a deal is the $6.3bn Binance crypto heist, who did it, and are investments safe?
The incident at Binance could be the biggest theft of any kind in history. We answer some key questions
John Healey faces questions over budget leak that moved bank share prices
Treasury select committee asks FCA to investigate whether tax surcharge leak led to ‘improper release of inside information’
Lloyds executive criticises Healey for linking bank tax rises to energy bill support
A senior Lloyds Banking Group executive has criticised the chancellor for linking bank tax increases to energy bill support for UK households, as he warned the government against extending the higher levy beyond March 2…
HSBC says ‘no pressure’ to move HQ out of UK despite prospect of higher bank taxes
A top executive at HSBC has tried to quash speculation that the bank could move its headquarters out of the UK over tax increases expected to be announced in Wednesday’s budget.
My advice for Burnham’s first budget? Hit the banks – and hit them hard | Polly Toynbee
Vibes matter. We live by how we feel – an idea that orthodox economics gets wrong and Andy Burnham’s first budget looks set to get right.
Visa and Mastercard threatened with potential £5bn UK lawsuit over fees
Application made for group claim seeking compensation for companies for alleged overcharging on customer card payments
Is London really the most-taxed city? Banks accused of cherrypicking data
Lobby group’s figures, shared with John Healey, are misleading as they do not include major rival Paris, say campaigners
Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
Barclays is cutting 5,000 jobs as part of wider cost-cutting plans that its bosses say are being driven by advances in AI.
NatWest cracks down on 13,000 staff attending office two days a month
NatWest has ordered 13,000 staff to increase their in-office days from two days a month to two days a week, angering its staff union.
A modest increase in bank taxes is not the end of the world for lenders | Nils Pratley
As long as Healey doesn’t go overboard, a small turn on surcharge dial will not seriously undermine flow of capital
Millions unable to use Revolut app or cards as company suffers ‘service disruption’
UK banking company insists customers’ funds and data are safe despite problems with sign-in, card payments, transfers and withdrawals
NAB to cut 2,500 jobs in massive restructure
National Australia Bank is cutting 2,500 jobs, representing 6% of its workforce, marking another significant round of cuts in a sector heavily exposed to disruption by artificial intelligence.
Bank of England said to be reviewing Barclays’ handling of private credit loans
The Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.
Target pensions or welfare, not banks, IMF tells John Healey
Supporters of planned tax, however, say banks were bailed out by taxpayers during financial crisis and can afford to pay more now
The Guardian view on the banks: too big to fail cannot mean too big to tax | Editorial
Financiers owe their windfalls and bonuses to higher interest rates. Britain should reclaim more for the public and resist City lobbying
John Healey poised to raise taxes on banks in budget
John Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands.
US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
Move comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offender
‘Like, really, really shocked’: why are so many people riffing on this sheep’s sex appeal?
Nick, this cute green cartoon from New Zealand is all over my social media. Why are people falling for an animated sheep?