Bank battle: history suggests Burnham faces fight if he opts for windfall tax As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households
Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners
Metro Bank customer fights for £14,000 refund after AI-linked fraud Lender was told money was being taken without authorisation, with cash used to buy credits for Claude chatbot
House prices slide across Australia as Middle East conflict and tax changes begin to bite Cotality data shows a drop in Brisbane, Adelaide and Perth, as nation’s median home price falls about $19,000 below its March peak
HSBC to close all branches and pull out of Australian retail banking market London-based company to sell local loan portfolio to Blackstone but will continue private and institutional banking services
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses
Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds Australian banks ‘not getting the basics right’, regulator says after review of more than 200,000 home loans
Burnham urged to increase tax on banks as Barclays’ profits soar TUC says lender ‘can easily afford to pay more tax’ as it increases half-year bonus pool by nearly 30%
Gary Stevenson to quit YouTube channel, citing health concerns Former City trader’s weekly Gary’s Economics videos took off during the Covid pandemic
UK savings deals: the heat is on as banks offer up to 8% Don’t delay in taking advantage of the competition that is pushing up interest rates and increasing choice, experts say
Former Barclays CEO Jes Staley faces US congressional panel over Epstein ties Staley is latest high-profile figure to testify before House amid investigation into Epstein, convicted sex offender
US senator accuses Barclays of ‘failure’ to investigate ex-CEO’s ties to Epstein Exclusive: Elizabeth Warren claims bank did not ‘meaningfully investigate’ Jes Staley’s links with sex offender
Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing Exclusive: Ro Khanna says ‘reindustrialization’ effort would provide grants, loans and investments to smaller businesses
JP Morgan boss warns of ‘consequences’ if Burnham taxes banks Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie Dimon
Bank of England to stop accepting bonds linked to coal for key loans Campaigners hope move will will force commercial banks to rethink holding assets linked to the fossil fuel