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Deutsche Bank starts cutting London jobs with 18,000 at risk worldwide

Some staff in London reported to be in tears after hearing their jobs have gone

Deutsche Bank to axe 18,000 jobs worldwide in radical restructuring

Hundreds of City workers in London face redundancy as bank cuts 20% of workforce

How Britain can help you get away with stealing millions: a five-step guide

The long read: Dirty money needs laundering if it’s to be of any use – and the UK is the best place in the world to do it

Andrea Orcel’s €100m compensation claim against Santander is absurd

When the bank declined to appoint him chief, did his lawyer say: ‘Think of a number and multiply it by 10’?

Christine Lagarde: key issues she must address at the ECB

If confirmed as president, rebooting eurozone growth should be among top priorities

Banker lined up to lead Santander sues for €100m

Andrea Orcel accuses bank of breach of contract after it withdrew offer to hire him

UK recession fears mount after worst month for companies since 2016 – as it happened

Data firm Markit warns that UK private sector weakened in June, suggesting the economy may have contracted in April-June

Funding Circle bins the boasts as Brexit bites

Lending platform’s revenue growth forecasts have halved as demand for small business loans dries up

America’s corporate activism: the rise of the CEO as social justice warrior

Corporations are stepping into the moral vacuum left by Republican officials. But their motives aren’t exactly altruistic

Nick Leeson: lucrative new life of banking’s most notorious rogue

Twenty years after leaving jail for bringing down Barings Bank, the ex-trader has found peace in Ireland – but not everyone has forgiven him

Mobile banking to overtake high street branch visits in two years

Rapid uptake means banking via an app rather than visiting your bank in person will become the mainstream by 2021

Corporate debt could be the next sub-prime crisis, warns banking body

Group for central banks says borrowing by firms with low credit scores is growing alarmingly, especially in US and UK

The FCA – a watchdog too nice and chummy to bark or bite

Outgoing boss tells MPs why regulator couldn’t do much about one claim of wrongdoing after another

Monzo valued at £2bn after fresh funding round from US

Digital bank takes £113m from investors led by Y Combinator, jumping rival Revolut in value

Oil price keeps rising as Iran tensions build – business live

Rolling coverage of the latest economic and financial news, as crude oil prices hit their highest levels since the end of May

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  • Nvidia hires major US law firm to investigate spying claims; UK chancellor ‘dismayed’ by budget leak – business live
  • ITV to cut show budgets as UK TV and film production spend drops by more than £2bn
  • Andy Burnham says government will unveil 10-year plan by mid-December
  • An end to RBA rate hikes will be good news finally for homebuyers – but maybe less so for workers
  • Air traffic control boss says he was ‘most disliked person in the UK’ after flight chaos
  • Diesel still costing close to a ‘dismal’ £2 a litre despite oil price falls
  • Nissan reduces petrol car production as EV sales boom in China
  • ‘I’d steal 10-15 times a day’: ex-offenders on the addictions driving prolific shoplifting
  • Nvidia hires leading US law firm to investigate Jensen Huang’s relationship
  • Police to target 500 chronic shoplifters in retail crime crackdown in England
  • Farewell to Elon Musk’s Cybertruck. Has any car ever been more repellent?
  • Burnham lauds £12bn offshore wind investment as he prepares for climate summit
  • Aldi cuts hundreds of UK head office roles as part of global cost trimming
  • Why are Britain’s streets still so polluted? Because the car industry dinosaurs do what they like, and politicians let them
  • Labour MPs raise concerns Burnham’s 10-year-plan will not be radical enough
  • Prime property, slow sales: why London’s stock of empty high-end flats is piling up
  • David Jones to close half its stores, triggering mass job losses in ‘urgent restructure’
  • Bank of England’s inflation response ‘risks higher interest rates for longer’
  • US justice department sues Lyft over alleged refusal to serve passengers with disabilities
  • Trump’s FCC nominee avoids questions from Democrats on Carr’s ‘censorship agenda’
  • Falkland Islanders face ‘devastating consequences’ if Argentina blocks oil project, says UK
  • Inquiry launched into UK budget bank tax leak; Wall Street hit by US inflation data – as it happened
  • ‘Flying cars’ could launch in China next summer, maker of two-seat model says
  • Anthropic targets valuation of up to $1.4tn in stock market flotation
  • Singapore seizes US-operated cruise ship that offered ‘permanent’ life at sea
  • US inflation rose 0.4% in October as price increases cooled and gas costs dipped
  • Pharma firms’ focus on weight-loss drugs could put insulin supply at risk, experts warn
  • Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy
  • Shop workers in the UK: have you experienced abuse from customers?
  • Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’

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