UK banks brace for first-quarter reports after Trump tariff turmoil Lenders expected to split into two camps: those focused on domestic customers and those with large operations in the US, China and the EU
Revolut tracking staff behaviour with points-based ‘Karma’ bonus system Booming fintech company gives details of initiative to improve working culture as profits more than double
NatWest chair thanks UK taxpayers for bailout ahead of return to private ownership Rick Haythornthwaite said bank was indebted to public for £46bn rescue package that kept it afloat in 2008
My renewal quote for Co-op home insurance has almost tripled to £1,353 After previously paying £518, quote comes as shock to loyal customer who has made no claims in many years
Santander looks at splitting car finance from rest of UK division Review follows fallout from commission scandal, which could cost bank up to £1.9bn in compensation
NatWest investors to scrutinise pay in last AGM before full privatisation UK government expected to sell remaining stake in bailed-out bank in coming weeks
The Guardian view on City deregulation: a recipe for recklessness Editorial: The Treasury seems to think relaxing financial rules will boost growth. There’s little evidence for this idea – and every reason to believe it could exacerbate risks
UK banks expected to win shareholder approval for big pay rises for bosses Proxy advisory firms back plans for hikes in maximum payouts 18 months after removal of banker bonus cap
HSBC and Co-op Bank cut mortgage rates as Halifax and Lloyds ease rules Lenders stepping up mortgage price war in apparent response to financial turmoil sparked by US tariffs
Goldman Sachs boss says chances of US recession have increased after Trump tariffs David Solomon warns that escalating trade war poses ‘material risks’ for US and global growth
Barclays cuts rates on some mortgages to below 4% amid US tariffs turmoil Bank is largest UK lender to cut rates in apparent response to turbulence, and experts predict others will follow
Bank of England says AI software could create market crisis for profit Concern grows over programs deployed to act with autonomy that may ‘exploit weaknesses’
Barclays ditches gender and ethnicity targets in US Bank says it still values inclusivity after bowing to Trump agenda by changing hiring and promotion policy
How ‘liberation day’ rout compares with other notorious stock market crises A swift loss of £4tn from global stock markets has led some to liken Trump’s trade war to 1929 Wall Street crash
Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too long