Lloyds profits plunge 36% as it feels impact of UK car finance scandal Bank’s drop in quarterly earnings comes after it put aside further £800m to cover expected wave of driver claims
Barclays can afford Tricolor loss but risks remain in the private credit market Risky lending in an opaque, complex and leveraged part of the financial world is ringing alarm bells
Barclays plays down £20bn exposure to private credit industry CEO says bank has ‘right controls’ in place despite warnings about industry from IMF and Bank of England
No major banks have yet committed to stop funding new oil, gas and coal, research finds ‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers from LSE
Bank of England chief warns of ‘worrying echoes’ of 2008 financial crisis Andrew Bailey says a close look is needed at the private credit market after collapse of two big US firms
Amazon Web Services outage shows internet users ‘at mercy’ of too few providers, experts say Crash that hit apps and websites around world demonstrates ‘urgent need for diversification in cloud computing’
What is private credit, and should we be worried by the collapse of US firms? First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banks
Bank shares lead global market fall amid jitters over US private credit Signs of credit stress send markets in Europe and Asia down, while investors turn to safe haven assets
Banks need stricter controls to prevent romance fraud, says City regulator FCA cites study showing victims’ ‘red flags’ are often missed and calls for improved monitoring systems
US regional bank stocks fall amid Wall Street concern over credit markets Zions and Western Alliance reveal problems with bad loans as scrutiny of regional banks’ lending practices increases
Rachel Reeves says those with broadest shoulders should pay fair share of tax Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home
Banker bonuses to be paid faster after UK regulators loosen rules Bank of England and Financial Conduct Authority reduce deferral period from eight years to four
JP Morgan boss says more ‘cockroaches’ will emerge after private credit sector failures Jamie Dimon expects further weak links in ‘shadow banking’ sector to be revealed after collapse of two US firms
Lloyds warns motor finance scandal could cost it nearly £2bn as bill rises Banking group puts aside extra £800m for compensation claims amid potential for more ‘historical cases’
JP Morgan staff told they must share biometric data to access headquarters Investment bank had previously planned for such information from New York workers to be voluntary