UK borrowers may struggle to repay debt as economy worsens, says Santander Bank puts aside more money to protect itself from potential defaults in expected recession
Adani Group abandons share offer as crisis triggered by fraud claims escalates Relentless selling triggers questions about how Indian conglomerate – which denies allegations – will meet its loan obligations
Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks
Dividends from UK-listed firms up 16.5% in 2022, far outstripping pay rises Rise in share income particularly steep for investors in banks and oil companies
Goldman Sachs boss takes 30% pay cut to $25m amid turbulent year David Solomon’s pay was $25m for 2022, down from $35m in 2021, as investment bank’s profits fall 50% and 3,200 staff laid off
Bankers’ pay rises three times as fast as nurses’ since 2008 crash, TUC finds Government lifted cap on bankers’ bonuses in September, allowing them to ‘help themselves’ to unlimited payouts, TUC said
TSB staff and bosses to share £29.8m bonus pot after record profits Bank hails successful turnaround from IT meltdown in 2018 with profits up 16.5% to £182.5m
NatWest to close another 23 branches in England and Wales High street banks have now announced 87 closures so far this year – see the full list of NatWest closures
Celebrities call on UK banks to stop financing new oil, gas and coalfields Stephen Fry, Emma Thompson and Mark Rylance add their voices to Richard Curtis’s Make My Money Matter campaign
Lloyds and Halifax to close 40 bank branches in England and Wales Full list of site closures, which will start in April and carry on through into June this year
Brexit exodus helps drive record number in EU banks paid €1m-plus Data shows UK banks losing well-paid staff, as Italy, France and Spain make up 70% of rise in EU top earners
Ex-Barclays boss saw Jeffrey Epstein abuse young women, US lawsuit claims Suit filed by victim against JP Morgan alleges Jes Staley knew of trafficking of young women and witnessed sexual abuse
Fintech firm Revolut assembles behavioural team after criticism of its corporate culture Exclusive: Company denies creation of team to track overhaul is part of effort to secure UK banking licence
Bank of Dave review – underdog story of an everyman v Eton poshos Rory Kinnear is brilliant in this warming comedy about a Burnley businessman who took on London’s elite and won
JP Morgan investment bankers suffer 30% bonus cut as takeover deals slump Wall Street’s largest lender reports 22% fall in full-year profits including 58% drop in fees from dealmaking