NatWest scraps £7.6m of Alison Rose’s payout after Farage scandal Move follows resignation of CEO over row linked to closure of former Ukip leader’s bank accounts
AI could cause ‘catastrophic’ financial crisis, says Yuval Noah Harari Historian and Sapiens author says sophistication of technology makes it difficult to forecast its dangers
UBS reports $785m loss due to costs of Credit Suisse integration Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue deal
Almost half of Australian mortgage holders under financial stress as RBA tipped to raise rates again Record level of stressed households as all but four of 39 economists in survey tip Melbourne Cup Day hike
ICO apologises to ex-NatWest chief over claim she broke privacy law on Farage Watchdog says it was ‘incorrect’ to suggest Alison Rose breached law by discussing ex-Ukip leader’s banking with journalist
Bank cut my bonus because I had a baby, says MP leading City sexism inquiry Treasury committee head Harriett Baldwin has revealed how ex-boss at JP Morgan bank cut perk after she returned from maternity leave
Harriett Baldwin: the fund manager turned Tory MP fighting sexism in the City The fund manager turned politician is gunning for an industry that has not crawled out of the sexist dark ages. She may then turn her fire on Westminster
UK removes state guarantees from almost £1bn in Covid loans Decision on scheme run by British Business Bank pushes losses on to banks if borrowers fail to repay
TSB reimbursed 15 times more customers’ fraud losses than Monzo in 2022 Regulator figures show huge differences in banks’ treatment of fraud victims, from 94% of claims refunded by TSB to 6% at Monzo
French police detain Russian tycoon over alleged financial and sanctions violations Alfa Bank founder Alexey Kuzmichev was sanctioned by EU for ‘well-established ties’ to Vladimir Putin
France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact
Tories fuelling ‘greed is good’ with lift of cap on bankers’ bonuses, says TUC As cap is lifted on Tuesday, unions claim Rishi Sunak is following Liz Truss’s footsteps
Higher interest rates help HSBC to more than double profits Bank criticised by MPs for being too slow to reward savers as it announces 15% rise in net interest income and $3bn share buyback
NatWest decision to close Nigel Farage’s bank accounts was lawful, says report Investigation for bank finds however that there were ‘serious failings’ in handling of Coutts move and treatment of ex-Ukip leader
Russia raises interest rate to 15% after steep climb in inflation Two-point rate rise surprises analysts as central bank blames 6.6% inflation on consumer demand