‘Significant’ risk to UK firms if passporting rights lost after Brexit

Treasury publishes FCA data showing over 8,000 companies authorised in other EU states use these rules to do business in UK

Hard Brexit will cost City of London its hub status, warns Bundesbank boss

Passporting rights to operate across EU will be lost if UK does not at least stay within the European Economic Area, says Jens Weidmann

The $14bn Deutsche Bank fine – all you need to know

Why is Germany’s biggest bank in $14bn worth of trouble and can it afford the huge US fine? Find out here …

Sports Direct shares tumble after Goldman Sachs cuts profit forecast

In-house broker cuts full-year expectations by one-fifth after retailer warned at AGM of higher operating costs

UK interest rates are heading in only one direction

The economy has fared better than expected after the EU referendum but the Bank of England’s signal that rates could fall further means turbulence ahead

‘It’s not T20’: Brexit cricket comparison comes from unexpected source

Bank of England governor finds new way to describe UK leaving EU: it’s nothing like matches won and lost within hours

Moving City jobs abroad after Brexit vote will be ‘multi-year process’

Senior banker likens risks to financial stability to moving nuclear waste, amid warnings that firms need time to adjust

Juncker asks EU ethics panel to investigate Barroso’s Goldman Sachs job

Move by European commission president reflects anger at his predecessor’s role advising US investment bank on Brexit

City banks tone down Brexit doom and gloom forecasts

Goldman Sachs, Morgan Stanley and Credit Suisse among banks scaling back predictions of a post-referendum recession as trade deficit narrows

Philip Hammond seeks to reassure banking bosses over Brexit

Chancellor will host top banking executives in first of series of meetings to hear business leaders’ concerns

A new Sports Direct chairman is long overdue

Finding a counterweight for Mike Ashley in the boardroom might be tricky, but that’s a flimsy reason to keep Hellawell as chair

Hays reports sharp drop in hiring after Brexit vote

Recruitment firm says net fees in UK and Ireland were flat in year to 30 June as economic jitters weighed on banking market

RBS to charge major financial institutions for holding their cash

Bank charge on sterling trading deposits represents first move towards negative interest rates since Bank of England cut base rate

Co-op bank says Brexit fallout has put recovery plan under threat

Revealing a narrowed first-half loss of £177m, bank says uncertain economic outlook is depleting its capital reserves

Brexit vote has created instability for banking sector, says Santander

Economy has been hit too, adds bank as it lists risks to its business, including the possibility of negative interest rates