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
UK to relax post-2008 rules that hold City bosses accountable for wrongdoing Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years
Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits
NatWest cracks down on 13,000 staff attending office two days a month Union furious as bank scraps remote-first policy from February 2027, forcing all UK employees to come in at least twice a week
Google cloud failure hits millions as UK courts and banks knocked offline Services restored for most users, but power fault stalled hearings and left Revolut, Lloyds and HSBC customers unable to pay or move money
A modest increase in bank taxes is not the end of the world for lenders As long as Healey doesn’t go overboard, a small turn on surcharge dial will not seriously undermine flow of capital
Bank of England said to be reviewing Barclays’ handling of private credit loans Concerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profits
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
IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – as it happened Rolling coverage of the latest economic and financial news
Target pensions or welfare, not banks, IMF tells John Healey Supporters of planned tax, however, say banks were bailed out by taxpayers during the financial crisis and can afford to pay more now
John Healey poised to raise taxes on banks in budget Exclusive: Chancellor to target sector in his first budget, to help offset Iran war’s damage to public finances
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? When a New Zealand bank tried to suppress sleazy comments about its virtual sheep mascot, it got a lesson in going viral and online censorship
The RBA keeps hiking interest rates – but are the rate rises actually working? With the cash rate at a 15-year high, consumer confidence has tanked – while household spending is still growing