Amazon Web Services outage shows internet users ‘at mercy’ of too few providers, experts say Crash that hit apps and websites around world demonstrates ‘urgent need for diversification in cloud computing’
What is private credit, and should we be worried by the collapse of US firms? First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banks
Bank shares lead global market fall amid jitters over US private credit Signs of credit stress send markets in Europe and Asia down, while investors turn to safe haven assets
Banks need stricter controls to prevent romance fraud, says City regulator FCA cites study showing victims’ ‘red flags’ are often missed and calls for improved monitoring systems
US regional bank stocks fall amid Wall Street concern over credit markets Zions and Western Alliance reveal problems with bad loans as scrutiny of regional banks’ lending practices increases
Rachel Reeves says those with broadest shoulders should pay fair share of tax Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home
Banker bonuses to be paid faster after UK regulators loosen rules Bank of England and Financial Conduct Authority reduce deferral period from eight years to four
JP Morgan boss says more ‘cockroaches’ will emerge after private credit sector failures Jamie Dimon expects further weak links in ‘shadow banking’ sector to be revealed after collapse of two US firms
Lloyds warns motor finance scandal could cost it nearly £2bn as bill rises Banking group puts aside extra £800m for compensation claims amid potential for more ‘historical cases’
JP Morgan staff told they must share biometric data to access headquarters Investment bank had previously planned for such information from New York workers to be voluntary
HSBC makes £10bn bet on Hong Kong as ‘super-connector’ for China and west Deal will mean Hang Seng Bank’s shares are taken off local stock exchange as HSBC doubles down on Asian business
Head of largest US bank warns of risk of American stock market crash Jamie Dimon, chair of JPMorgan Chase, said he was ‘far more worried than others’ about serious market correction
Lloyds says it is facing greater hit than expected from car loan finance scandal Banking group predicts bill will top £1.2bn it has set aside, as Close Brothers also says it expects to pay more
The car finance scandal payouts: what does ruling mean and how much compensation could you get? From how much will I get to when will I be paid? All you need to know about the FCA’s motor finance scheme
Metro Bank customers see red after IT glitch empties accounts Bank apologises for payments delay that led to angry complaints about ‘negative balances and missing funds’