Digital-only Atom bank draws Labour peer

Lord McFall, ex-member of parliamentary commission on banking standards, joins board as it prepares for authorisation and launch

Wonga is a symptom of austerity Britain

Alex Andreou: Austerity policies have made people desperate for loans they can’t get from banks: this is the bigger issue than payday lending

Each of once-nationalised Northern Rock’s 2,800 staff to net £1,000 in shares, with taxpayer set for £50m payout

Q&A: payday lender has agreed to write off the entire debts of 330,000 customers who are in arrears of 30 days or more

Stock markets fall across UK, Europe and US as sluggish eurozone and global conflict hit economies

Alarm bells sounded as sector accounts for around 30% of systemic risk in US and growing fast in UK and eurozone due to tighter bank regulation

Bailed-out bank could now release up to £800m put aside to cover bad debts amid better performance in Ireland

Tax avoidance crackdowns seldom raise the billions promised, but Google is using a loophole that should be easy to plug

Concerted effort required to tackle economic woes as slow growth and low inflation cause global debts to balloon

Watchdog warns RBS, HSBC, JP Morgan, Barclays, Citi and UBS they face penalties that could top Libor payout

Moscow court rules oil billionaire to be detained in his own home until at least 16 November as shares in Sistema fall by 8.8%

Government publishes consultation on extending rules after the Libor-rigging scandal, to be introduced by the end of 2014

Bank of Scotland and Halifax are joint runners up in the Financial Conduct Authority’s survey

Sir Phillip Hampton took reins of troubled bank at height of credit crisis and will move to pharmaceuticals firm by September 2015

Sir Philip Hampton to exchange similar roles from bailed out bank to embattled pharmaceutical company at the end of 2015