With Rishi Sunak, the City’s takeover of British politics is complete

For all the talk about the thinktanks of Tufton Street, it’s the Square Mile that truly rules Westminster, says Aeron Davis, professor of political communication at Victoria University

Barclays profits soar past forecasts to reach £2bn on back of rising interest rates

Results will further fuel calls for the government to tax banks’ excess earnings

Calls for UK banks windfall tax as HSBC reports profits of $700m more than predicted

Bank records quarterly profits above $3.2bn estimated as interest rates rise on back of higher borrowing costs

Sterling rises to highest level since before Liz Truss’s mini-budget – as it happened

Live, rolling coverage of business, economics and financial markets as business group warns on austerity ‘doom loop’ and investors buy UK bonds

Mark Carney denies big banks threatened to quit climate finance group

Former BoE governor admits his net zero alliance weakened veto on coal investment because of ‘antitrust concerns’

UK banks pull half of first-time buyer friendly mortgages after mini-budget

Data indicates there are only 137 such products now available compared with 353 in December last year

Banks may see higher tax as a price worth paying for economic stability

Third-quarter profits will be subdued, but many lenders will accept a tax raid to boost the public finances (and their own image)

Barclays could be fined £50m for failing to disclose 2008 Qatari deal

Provisional fine relates to £322m bank paid to Gulf state allegedly in exchange for £4bn investment to save lender from bailout

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