Why aren’t UK banks passing on interest rate rises to customers?

Rates have gone up six consecutive times, yet very few savers are benefiting, researchers find

Six interest rate rises in a row? Blame greedy City bankers

Higher mortgage costs will hit homeowners and tenants, investment and consumer spending. In a recession. I hope they’re proud of their acquisitive selves

Ping An insists splitting HSBC would increase bank’s value

The Chinese shareholder has accused HSBC executives of exaggerating the downfalls of separating off the Asian business

Abrdn announces pre-tax loss of £320m for first half of 2022

Investment group goes into red amid ‘market turbulence’ and withdrawal of £24bn linked to cancelled Lloyds deal

SoftBank CEO ‘ashamed’ of pride in past profits as record losses prompt cost cuts

Japanese technology and investment group is seeking to float UK-based chip maker Arm

‘Risks posed by AI are real’: EU moves to beat the algorithms that ruin lives

‘Black-box’ AI-based discrimination seems to be beyond the control of organisations that use it

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

Why do UK banks seem so optimistic despite the cost of living crisis?

Analysis: High street lenders have shrugged off their concerns, announcing payouts for investors

HSBC boss hits back at calls for breakup of business from investor

Noel Quinn says such a move would come with ‘material costs’ and ‘high risk of failure’

After 2008’s financial crisis, life went back to normal. Will it this time?

A few short years after the financial crash, oil, food and flights were affordable again. But this downturn looks much darker

UK government in line for £1bn payout from NatWest Group stake

Bank to give dividend to shareholders despite dip in second-quarter profits and economic ‘uncertainty’

With such eye-watering profits, Shell should invest more in low-carbon transition

Shell could afford to allocate far greater sums to investment but is choosing not to do so

Taxpayers left with £421m bill after one in 12 firms default on Covid loans

About 8% of borrowers – 130,000 firms – have so far failed to repay government-backed emergency loans

Barclays profits almost halved to £1.5bn after US trading blunder

Chief executive announces external review into mistake and says appropriate action will be taken

Sorry, but axing VAT or green levies on energy bills isn’t going to cut it

Tweaks suggested by Sunak and Truss will create longer-term problems. The need for a third support package is inescapable