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UK households put a record £103bn into Isas amid ‘dash for cash’

Figures show 15m more tax-efficient savings accounts were opened in 2023-24, with more following as fears grew allowance might be cut

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

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  • Can Starmer’s late-night World Cup openings help Britain’s struggling pubs?
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  • Middle East war is hurting eurozone economy, warns ECB, after announcing first interest rate rise since 2023 – as it happened
  • Hugo Boss shares jump as it ‘thoroughly examines’ Frasers’ takeover offer
  • Global growth is slowing to lowest level since pandemic, says World Bank
  • BT boss takes home £5.6m as pay and bonus package more than doubles
  • ITV says its biggest-yet World Cup is a ‘six-week Super Bowl’ for advertising

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