Santander bank pays out £130m in Christmas Day blunder
Scheduling issue leads to about 75,000 people and companies being paid a second time in error
Happy new year? Five economic flashpoints to beware in 2022
From a new Covid variant to rampant inflation, the global economy faces some daunting risks in the new year
UK bank branch numbers have almost halved since 2015, analysis finds
4,735 branches have shut or been earmarked for closure in last six years according to consumer group Which?
A post-Covid New Deal can restore economic hope in 2022
Roosevelt built back better after the depression by taxing the rich, introducing capital controls and altering the balance between labour and capital
Former banker Richard Meddings to become chair of NHS England
Ex-TSB chief has ‘unrivalled business experience and will bring an outsider’s eye to the NHS’
Basic failures at UK banks prompt much-needed zeal from regulators
Egregious oversight lapses at NatWest and Standard Chartered suggests boards are not earning their lavish pay
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