Ministers’ 99% mortgage idea could overheat UK housing market, say experts Scheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10
Jamie Dimon thinks Trump was ‘kind of right’ about a lot of things. What? The CEO of JPMorgan Chase, America’s largest and most powerful bank, is defending Trump’s record. This is absurd
Jeremy Hunt, instead of blowing £10bn on tax cuts, why not spend it on boosting growth? Economic dynamism comes from high public investment, for which the rich should be contributing more
UK banks expect sharp rise in defaults on unsecured debt Lenders forecast biggest quarterly increase in missed repayments on credit cards and loans since 2009
Sainsbury’s Bank open to offers as retailer plans to exit finance Company exploring options as it plans to shift focus back to food and retail, rather than services
Citigroup to cut 20,000 jobs after steep quarterly loss JPMorgan Chase posts record annual profit as earnings season gets under way
UK car finance: ‘millions of drivers could get payout’ as watchdog investigates FCA to examine whether consumers have been charged inflated loan rates on new and secondhand cars
Former recruitment head sues Goldman Sachs for £1m over ‘excessive workload’ Ian Dodd says in high court claim he developed heart problems and depression that made him suicidal
Former head of bank linked to Greensill Capital fined by UK regulator CEO of Wyelands Bank, part of steel magnate Sanjeev Gupta’s empire, committed ‘serious’ rule breaches
Bank of England may cut interest rate sooner after surprise inflation forecast Forecasters at three leading institutions suggest inflation rate will halve to 2% by April
Morgan Stanley and Allen & Overy helping oligarch’s efforts to seize Russian oil firm Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied Ukraine
Not that difficult to buy a home in UK, claims NatWest chair Howard Davies criticised as being ‘out of touch’ with number of first-time buyers at lowest level in a decade
HSBC joins mortgage rate-cutting drive with deals below 4% Five- and 10-year fixed-rate remortgage offers announced as lenders big and small reduce rates
A Farage farrago, crypto crime and rivers of cash: the 2023 Observer business awards Bank boss Alison Rose, Binance’s Changpeng Zhao, Sarah Bentley of Thames Water and OpenAI’s Sam Altman feature highly on this year’s prestigious honours list
Smiles all round as financial markets end 2023 on an unexpected high Equities worldwide have had a good year, the pound looks healthy and gold is positively gleaming. Shame about the lacklustre state of most UK shares