New York Community Bancorp shares plummet amid unease over regional banking

Alessandro DiNello, new executive chairman of regional US lender, acknowledges ‘serious situation’ as stock at lowest level in decades

Lloyds and Santander accused of providing accounts for Iranian front companies

Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctions

Out-of-court settlement reached with law firm acting for customers who have been left owing big sums

Toxic Tories have run themselves out as Starmer brings out the big hitters for a day at the Oval

Shadow chancellor Rachel Reeves tells business summit of measures to boost investment, productivity and certainty

German bank becomes latest global lender to target staff in post-pandemic cost reductions

Shadow chancellor is warned that decision will be unpopular with voters, including those in ‘red wall’ seats

Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’

Shadow chancellor says party aims to be champion of a thriving financial sector if it wins election

Regulator says bank failed to properly implement Financial Services Compensation Scheme

While some banks and building societies scrap system, others report increase in usage by customers

Overhaul likely to raise concerns for UK bank’s 2m customers who rely on branches to manage accounts

Biggest reduction since December 2021 will allow 1tn more yuan to be released in form of new loans

The investment company is also outsourcing work, selling offices and renegotiating contracts while recognising ‘performing colleagues’

Scheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10