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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

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  • Glencore’s former head of oil pleads not guilty to bribery charges
  • UK ministers explore raising price of water for some users amid shortages
  • John Lewis losses widen to £124m as shopper confidence dips
  • Oil and gas prices jump amid Middle East escalation and Ukrainian drone attacks on Russian gas plants – business live
  • Trouble in US bond market could mean higher prices are here to stay
  • Iceland to become first UK high street retailer to open shop in Falkland Islands
  • Tourists in England face nightly levy on hotel and Airbnb stays under new plans
  • ‘People waited 24 hours for a potato!’: how viral queues help – and harm – restaurants
  • JP Morgan boss meets Burnham and Healey to warn against bank tax rise
  • Primark to launch home delivery service despite ‘challenging’ market
  • ‘Fundamentally unfair’: Burnham must overhaul migration reforms, says TUC general secretary
  • Labor premiers join business groups in warning Albanese government over immigration cuts
  • Chancellor urged to fix £100k childcare ‘cliff edge’ that prompts parents to cut work
  • Bond market rebuffs US treasury’s plan to buy back $6bn in government debt
  • Oil prices rise above $100 a barrel for first time since July as Iran war escalates
  • Apple’s new CEO introduces himself at annual showcase: ‘I continue to be inspired every single day’
  • ‘Baggage reclaim was pandemonium’: passengers hit by airport IT chaos in UK recount their ordeals
  • Air traffic control boss has one week to deliver investigation into glitch, No 10 says, as UK flight cancellations top 2,000 – as it happened
  • Air traffic control boss given a week to report after UK flight chaos causes 2,000 cancellations
  • Horror warnings about Australia’s ‘collapsing’ housing market are absurd – and very much in bad faith
  • The RBA hoped this year’s three interest rate rises would tame inflation – but nothing is going their way
  • EU unveils ‘buy European’ public procurement rules to counter China
  • UK airport disruption: what are your rights if you have been affected?
  • Electronic shelf labels likely to cost jobs and drive up grocery prices, US report warns
  • Ministers to put white working-class people in UK at heart of new equalities unit
  • Supercar maker McLaren to create 1,000 UK jobs in £450m tech investment
  • UK datacentres will create just 25% of jobs predicted by tech sector, analysis finds
  • Burnham urged to tackle inequality with policies including wealth tax
  • UK air traffic control chaos disrupts flights for hundreds of thousands of passengers
  • Ikea wins right to launch legal action against Belgian far-right party

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