Nationwide chair first major British lender boss to publicly engage with Reform UK Building society defends Kevin Parry after he attends party’s breakfast event, sitting next to Richard Tice
Barclays boss urges UK ministers to limit public sector pay rises TUC says CS Venkatakrishnan has ‘brass neck’ calling for curbs when his pay packet has doubled to £10.5m
UK contactless payments could go above £100 or become unlimited Financial watchdog says proposals to allow providers to set own limits would be more convenient for shoppers
‘We are teaching the machine to take our job’: Banks bet big on AI as thousands of jobs cut Across the banking sector, thousands of jobs have been lost at the same time as AI use soars in clerical and customer service roles
UK banks face lawsuits over mortgages that left people with huge debts Group actions against Barclays and Bank of Scotland over products that left some people owing up to 20 times the sum they borrowed
Reform UK could strip FCA of power to regulate banking if elected Nigel Farage reportedly plans to overhaul rules governing City of London that were introduced after 2008 financial crash
Lloyds to warn 3,000 staff they face sack for ‘underperformance’ With economic uncertainty leading fewer people to leave, bank will put one in 20 on ‘performance plans’
Finance for transition mineral mining is driving destruction and abuse, says report Hundreds of billions of dollars invested in extractive mining for green transition with few safeguards, research finds
Rate-rigging convictions of five more bankers may be unsafe, says SFO Serious Fraud Office has assessed six more cases after supreme court quashed convictions of two traders last month
UK bank shares tumble after call for windfall tax on lenders in budget Investor jitters follow report by IPPR and lead to more than £6bn being wiped off the sector’s market value
Treasury should tax big banks on quantitative easing windfalls, argues thinktank IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year
Norway wealth fund sells Caterpillar stake over Israel allegations World’s largest wealth fund says it has excluded bulldozer maker and five Israeli banking groups on ethics grounds
Monzo plans to launch UK mobile phone service Move could increase competition among big phone providers and help diversify revenues for digital bank
Why the UK’s bank ringfencing doesn’t need large-scale reform Rachel Reeves would do well to drop her ‘boot on the neck’ inflammatory language and err on the side of caution
Santander mortgage cap jumps by as much as 24% as bank eases lending rules Some higher-earning couples with smaller deposits could borrow extra £130,000 as a result of overnight changes