JP Morgan Chase sets aside funds to cover feared loan losses
Largest US bank saw net income fall 28% from April to June and is concerned about economy and geopolitical tensions
UK house prices rise at the fastest rate for 18 years
Imbalance between supply and demand continues to drive up prices despite cost of living crisis
Demand for debt services by Lloyds customers jumps 30%
Three-quarters of bank’s 26m UK customers fear rising prices with 80% holding less than £500 in savings
Gary Stevenson, City trader turned campaigner: ‘I made money betting on a disaster’
The inequality activist grew up in poverty, became a millionaire at Citi, then rebelled against a career that ‘wasn’t right’
‘Back in earnest’: Canary Wharf’s post-Covid comeback almost in full swing
A ghost town during lockdowns, the London financial centre has seen a return of people visiting for work and play
Banks and UK supermarkets accused of backing deforestation in Brazil
By funding and stocking products from Brazilian meat giant JBS, firms have also supported land-grabbing, investigation claims
Barclays to buy Kensington Mortgages as interest rates rise
Acquisition comes at a time of intense competition in the mortgage market
Sunak urges banks to keep funding oil and gas firms after windfall tax
Sector says £5bn energy profits levy will make investment in new projects and renewables more difficult
Bitcoin could stay below $69,000 peak for two years, says Binance boss
Changpeng Zhao says people would have been happy with current $20,000 value four years ago
MPs seek to avoid race to the bottom in post-Brexit City regulation
New subcommittee will scrutinise plans to change how watchdogs supervise the UK’s financial sector
TechScape: What the crypto big freeze means for your money
In this week’s newsletter: Crypto giant Celsius is freezing out users as it tries to solve a mammoth lending crisis. So what happens if money in the bank isn’t really there?
UK mortgage lenders told they can scrap affordability rule for buyers
Bank of England feels other measures will play stronger role in guarding against household debt
Starling Bank: questions over volume of customers taken on during Covid crisis
More than tripling of business customer base has raised questions about online lender’s ability to run proper checks
The Covid loans, the billionaire … and Starling, the very fast-growing bank
In 2019, it had lent just £23m. By June 2021, it had issued £1.6bn of bounce-back lending – and an ex-minister has questions
UK banks must be more flexible to help struggling borrowers, says City watchdog
FCA calls for payment holidays and waiving interest charges for customers hit hardest by cost of living crisis