The Guardian view on big finance: addicted to government handouts Editorial: Instead of cutting public services, the Treasury should tax the windfall profits of the banking sector
UK banks brace for ‘windfall tax’ to help plug £40bn hole in public finances No commitment yet to cut banking surcharge after corporation tax U-turn, with sector facing headline tax rate of 33%
Watchdog bans HSBC climate ads in fresh blow to bank’s green credentials Lender told it must in future acknowledge its role in climate crisis after ‘misleading’ Cop26 campaign
No U-turn from Jeremy Hunt on scrapping bankers’ bonus cap New chancellor made no mention of policy in economic update but Treasury sources confirm he will go ahead with controversial move
The Guardian view on central bankers: don’t put them in charge of the crisis Editorial: The UN is right to warn that governments risk a worldwide recession precipitated by excessive rate rises
Chris Pitt of First Direct: ‘We’re the best unfound bank in Britain’ The chief executive pulled out all the stops for customers with their mortgages during the mini-budget turmoil. Now he wants to double their number
Bankers’ bonuses double since 2008 crash, TUC study finds There is ‘no justification for lifting the cap’ on bonuses, said general secretary Frances O’Grady
Bank of England warns mortgage defaults to rise in months ahead Survey of lenders paints gloomy picture of new deals drying up and end to ‘golden era’ of cheap mortgages
UK’s 13-year housing market boom to end in 2023, surveyors predict RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of market
The Bank of England’s lifeboat is in choppy waters with its bond buying Pensions hedging crisis shows how the City never seems equipped to handle the next big financial hazard
Rise in UK borrowers falling behind on mortgage payments, says Santander Boss says bank is putting aside more money for potential defaults linked to cost of living crisis
US is headed for a recession, says head of JP Morgan Chase bank: ‘This is serious’ Jamie Dimon said the Federal Reserve ‘waited too long and did too little’ as inflation has surged in the past 18 months
May I have a word about… why the market is always spooked I know we are in volatile financial times but let’s at least have a bit of linguistic variation
OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts
Kwarteng considers extending mortgage guarantee scheme Initiative may continue beyond December as bank bosses raise concerns over mortgage market