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
Ex-Metro Bank CEO says FCA ruling has left him unable to secure permanent job Craig Donaldson challenging ruling by UK regulator, which accused him of misleading investors over £900m accounting blunder
Sir Torquil Norman obituary Toymaker and philanthropist who led the restoration of the Roundhouse arts centre in north London
US banks predict climate goals will fail – but air conditioning firms will thrive Reports predict global heating will bring catastrophes and that air conditioning market could grow by 41%
Ex-Barclays boss ‘took a chance’ in lying about his links to Jeffrey Epstein, court hears UK financial regulator claims Jes Staley feared telling the truth could end his career and fuel potential lawsuits by victims
Motor finance compensation ruling ‘goes too far’, says City regulator Financial Conduct Authority tells supreme court the £44bn bill could spook businesses and threaten UK investment
UK savers could have up to £110,000 protected under regulator’s new plan Rise from current limit of £85,000 would be first big change to protection scheme since 2008 banking crisis