Record numbers becoming billionaires through inheritance, UBS report finds

Swiss bank says bequests made 91 people billionaires, while overall number jumped from 2,682 in 2024 to 2,919 this year

HSBC has a new chair but the succession process should have been slicker

This is the UK’s second-largest listed company, and the European bank most exposed to declining US-China relations

Questions raised about permanency of 76-year-old’s appointment and ‘leadership stability at critical juncture for bank’

Bank of England’s move risks stoking concerns about weakening protections against UK bank failures

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade ago

JP Morgan and Goldman Sachs to expand UK presence after sector was spared from higher taxes in budget

Decision by US bank’s CEO Jamie Dimon followed trip to New York by top adviser to Keir Starmer

Exclusive: It follows calls from US senator Elizabeth Warren to investigate bank executives including ex-Barclays boss Jes Staley

Businesses grumble about lack of ambition and urgency as Rachel Reeves continues to shy away from meaningful tax reform

JP Morgan and Goldman Sachs reveal plans for London and Birmingham as sector is spared tax rises

Regulator announces 20% cap on share of new lending banks can do on mortgages worth more than six times borrower’s income

NatWest, Lloyds and Barclays stock up amid expectation Rachel Reeves will spare lenders from further levy

Hugely influential traders will be hanging on the chancellor’s every word when she announces her budget

Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insurance

Increase of more than 40% from current figure of £85,000 will give more cover if financial firm goes bust