Tax abuse and money laundering is trapping billions in poverty, says UN UN report claims up to 10% of the world’s wealth could be hidden offshore
Lloyds and HSBC are shedding office space … did they have too much to begin with? Why there may be more to the announcement of Covid-inspired cuts than meets the eye
Lloyds embraces hybrid working with 20% cut in office space Announcement comes as group reveals 72% drop in annual pre-tax profits to £1.2bn for 2020
A demerger is HSBC’s only way to solve its Hong Kong problem With 90% of its profits coming from Asia, the bank’s ultimate decision will surely be to follow Beijing’s lead
HSBC to slash post-Covid office space by 40% as profits drop by a third Bank also reaffirms greater shift towards Asia-Pacific, where most of its earnings come from
UK urged to take lead in easing debt crisis in developing countries Boris Johnson should use upcoming G7 presidency to insist UK banks join debt suspension schemes, campaigners say
Human rights and climate crisis give HSBC an image problem The bank, which is due to reveal its annual results this week, faces more challenges than the impact of Covid-19 on profits
NatWest to cut banker bonus pool as it reports £351m loss Group intends to pull out of Ireland, winding down local Ulster Bank operations
Keir Starmer’s Covid recovery bonds could be more than a gimmick Interest rates would need to be more attractive, but bonds could act as test run for financing greening of economy
Barclays boosts bonus payouts despite 30% fall in profit CEO Jes Staley paid £4m with dividends to restart as bank sets aside £4.8bn for possible surge in loan defaults
ISS updates proxy voting policy against directors who fail to address climate crisis Institution Shareholder Services issues advice to some of world’s biggest fund managers
‘D Day’: UK marks 50 years since decimalisation On 15 February 1971, Britain finally moved to a system that made sense to ‘every man who looked at his 10 fingers’
Barclays boss hopes to avoid more stormy weather After 12 turbulent months, Jes Staley will be keen to focus on the bank’s corporate performance and dodge further scandals
How the City became the UK’s powerhouse From the ‘big bang’ to Brexit, the financial sector has survived change and crisis to establish itself as a key force in Britain’s economy
Goldman Sachs reopens Marcus online accounts for UK savers Wall Street bank seizes chance to attract huge savings made by the cash-rich during the pandemic