Standard Chartered fined £46.5m by Bank of England over reporting failures Lender ‘failed to be open and cooperative’, says regulator the PRA
Pandemic on Wall Street causes rising levels … of bonuses Enforced takeovers during the crisis will mean a bumper year for the bankers who advise on billion-dollar deals
HSBC fined £64m for failures in anti-laundering processes FCA found ‘serious weaknesses’ in systems used to monitor for possible criminal activity in transactions
Erdoğan intervenes after Turkish lira sinks to lowest level against dollar Turkey’s president to hike minimum wage by 50% with other measures to come in attempt to stabilise currency
Government should use its new powers to block a BT takeover bid A Patrick Drahi buyout would be an unhelpful distraction for a company in midst of fibre rollout
Javid and Osborne ‘lobbied to reduce mis-selling payouts to small business’ Independent review finds City regulator changed compensation rules after pressure from UK banks
Goldman Sachs starts trading floor apprenticeship scheme to boost diversity Paid on-the-job learning and study plan at investment bank part of push to attract trainees from less-affluent backgrounds
Zopa exits peer-to-peer lending to focus on banking Company tells its 60,000 existing P2P investors it will be handing them back their money
RBA governor Philip Lowe signals central bank is open to retail digital currencies Lowe outlines ways tokens rather than dollars might circulate in Australia but is ‘sceptical’ of cryptocurrencies for general payments
MP calls for Yorkshire Building Society vice-chair to quit over LV= role Chair of parliamentary mutuals group questions commitment of Alison Hutchinson to the sector
‘HMRC gave me £775,000 by mistake – and it’s turned into a nightmare’ Staff processing a £23 parcels duty rebate paid the life-changing sum into a woman’s bank account
TSB to close quarter of branches in ‘another hammer blow’ to UK high street Bank is latest to announce slashing of branch network in response to increase in digital banking use
Westpac admits it broke law and agrees to pay $113m in penalties Asic hit bank with six lawsuits over shoddy treatment of customers – including charging fees to dead people
A banking crisis isn’t just bad for business, it can also poison politics The failure of Germany’s second biggest bank in 1931 was a factor in the rise of the Nazis
As buyer’s remorse begins to stalk even ardent Brexiters, they can no longer indulge in fantasy The government has to give up on playing games and start to make deals with the EU