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