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UK credit card borrowing surges amid cost of living crisis

Concerns that low-income households are turning to expensive forms of lending as inflation soars

Sainsbury’s will do well to take the low-pay pressure seriously

It’s hard to see why the supermarkets have resisted real living wage accreditation for so long

NatWest returns to majority private control as it buys back £1.2bn in shares

UK government sells more of stake in group formerly known as Royal Bank of Scotland at a loss over 2008 price

HSBC cuts references to Ukraine ‘war’ from its analyst reports

Bank has softened language in research documents, according to report, amid pressure to exit Russia

Lloyds, Halifax and Bank of Scotland to shut 60 branches

Union says 124 jobs across UK will be lost, with affected branches closing by end of 2022

Oligarch linked to billions in 27 Swiss bank accounts in sister’s name

Leaked documents raise questions over financial relations between relatives of billionaire ex-Arsenal shareholder Alisher Usmanov

NatWest to launch ‘buy now, pay later’ credit scheme this summer

First UK high street bank moves into lucrative yet unregulated payment sector

Isas: is fixed rate or easy access better as interest rates rise?

(Slightly) higher rates are on offer for tying up your cash for longer but in fact you’ll often do better with a non-Isa

What happens when a major economy can’t pay its debts in dollars? Russia is about to show us

The problem for Putin’s regime is political rather than financial – that’s why this would be no ordinary default, says historian Adam Tooze

Lloyd’s of London issues £1m fine over firm’s bullying and ‘boys’ night out’

Lloyd’s issues largest ever fine to Atrium for mishandling of harassment case and ‘tolerating’ inappropriate staff event

HSBC to close 69 more bank branches as Covid speeds shift online

Which? describes number of bank closures as ‘alarming’, with many customers unable to go digital

Green credentials of world’s largest investor questioned over oil industry emails

Asset manager ‘trying to have their cake and eat it’, says Greenpeace, as freedom of information requests reveal pressure on major banks

British MPs urge global banks to close Russian offices ‘without delay’

Labour’s Margaret Hodge says banks including Deutsche Bank, HSBC, JP Morgan and Credit Suisse have ‘moral duty’ to exit quickly

Mastercard and Visa block in Russia does not stop domestic purchases

Impact of US card giants’ move diluted after local Mir payment system clarifies ban only affects foreign transactions

Whether to quit from a Russian board is hardly a complicated decision

We have yet to hear from Xavier Rolet but Lord Barker’s defence for staying put has a major hole

Post navigation

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  • Five European leaders call for closer EU-UK ties ahead of Brussels summit
  • Standing in the way of slop bowls: the woman blocking food delivery robots
  • Great British Railways: new dawn for a new network but with plenty of old problems to fix
  • Job cuts, lost customers and a £22bn debt pile: what has gone wrong at Virgin Media O2?
  • Trump may have lost but don’t bet Democrats can fix the economy
  • Nationwide launches savings account with ‘market leading’ 5.3% interest
  • Global stocks fall amid ‘big worries over AI’ after Democrats’ midterms triumph
  • US tech stocks post modest recovery on Wall Street after worst day in 19 months – as it happened
  • UK dairy farmers face further pressure as milk processor cuts prices
  • US tech stock rout: is the AI bubble bursting?
  • EU charges TikTok with failing to protect users’ mental health
  • David Jones was months behind in payments to some small Australian brands before going into administration, suppliers say
  • Commuters and shoppers face disruption from tube driver strikes in run-up to Christmas
  • US job growth exceeds expectations in October despite economic uncertainty
  • UK house prices fall at steepest rate in more than three years
  • Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI
  • Dream ticket? Super-rich can sleep pretty with Singapore Airlines ‘largest double bed in the sky’
  • Minister tells energy suppliers to do more to help households tackle unpaid bills this winter
  • Nasdaq sees worst day in 19 months as investors bet on AI slowdown after Democrats’ election triumph
  • Bank of England raises interest rates to 4%, the first increase for more than three years
  • Multiple planes diverted as bomb threats to commercial flights reported across Europe – as it happened
  • Why have more than 30 European flights been hit by bomb threats this week?
  • Today’s UK interest rate rise unlikely to be the last unless Iran war ends; Wall Street slides on AI fears as ‘panic sets in’ – as it happened
  • How Democrats used the midterms to turn affordability concerns into ‘green populism’
  • Lynne Walker obituary
  • Pound hits highest level since its crash after 2016 Brexit vote
  • BT cuts almost 8,000 jobs amid sweeping cost-saving programme
  • Amtrak workers’ union denounces plan to let passengers bring guns on trains: ‘Sheer lunacy’
  • Debt of poorest countries at record $9.4tn high, World Bank data shows
  • David Jones wrongly believed it could be exclusive and everywhere. Can the 188-year-old institution keep the lights on for Christmas?

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