UBS to pay $1.43bn in penalties over mortgage fraud prior to 2008 crisis
Banking group settles government lawsuit alleging fraud related to residential mortgage-backed securities in 2006 and 2007
City watchdog to contact MPs and other PEPs to ask if they have been debanked
Inquiry aims to find out extent of denial of banking services to politically exposed persons such as politicians and army leaders
Italy’s Meloni defends windfall tax move against banks
PM says ‘the right things must be done’, having watered down measure in response to fall in lenders’ shares
‘Like horse trading’: Credit Suisse retail investors challenge UBS takeover
Fresh legal claim planned by group of almost 1,000 shareholders to rushed rescue in March
Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened
Rolling coverage of the latest economic and financial news
Italy waters down windfall tax on banks after market rout
Apparent backtrack to fifth of level of assets analysts had estimated follows fall in shares on Tuesday
UK banks to be given two weeks to explain closing of customer accounts
Regulator to write to more than 20 of largest lenders after Nigel Farage’s accounts were threatened with closure
Italy approves 40% windfall tax on banks for 2023 as profits soar
Proceeds from levy on interest rate income will be used to help mortgage holders and cut taxes
‘Bit of a conundrum’: contradictory economic signs make RBA rate prophecies difficult
Surveys point to two-track economy with low consumer confidence but business in a relatively strong position to weather any slowdown
Australia’s big banks squeeze new homeowners to maintain profits amid bad debt fears
In an unusual turn of events, banks are raising mortgage rates for new customers to help cover expected losses from mortgage defaults
HSBC executive apologises for calling UK weak over China
Sherard Cowper-Coles claimed British government was bowing to US demands in dealing with Beijing
Raghuram Rajan: the banker who warned of meltdown in 2005
The former governor of India’s central bank now steers a tricky course between supporting free markets and campaigning against unfettered risk-taking
Many of world’s largest hedge funds face UK stress test
Participants also including banks and pension funds will have to reveal how activities could harm financial system
‘Up all night worrying’: 92-year-old debanked by NatWest after move to Jamaica
Last year’s decision left Philip Cato, who moved ‘home’ in 1990s after 30 years working in the UK, cut off from his state pension
‘It’s a white-knuckle ride’: UK bank customer reveals how switching accounts is far from simple
Attempts to move current account from Intelligent Finance led to hours of admin