John Healey faces questions over budget leak that moved bank share prices
Treasury select committee asks FCA to investigate whether tax surcharge leak led to ‘improper release of inside information’
Retail
Lloyds executive criticises Healey for linking bank tax rises to energy bill support
A senior Lloyds Banking Group executive has criticised the chancellor for linking bank tax increases to energy bill support for UK households, as he warned the government against extending the higher levy beyond March 2…
Healey poised to overturn cut to cash Isa allowance in first budget
John Healey is to use his first budget to ditch plans to slash the annual cash Isa allowance, the Guardian understands, preferring a carrot rather than a stick to encourage people to invest more in shares.
HSBC says ‘no pressure’ to move HQ out of UK despite prospect of higher bank taxes
A top executive at HSBC has tried to quash speculation that the bank could move its headquarters out of the UK over tax increases expected to be announced in Wednesday’s budget.
My advice for Burnham’s first budget? Hit the banks – and hit them hard | Polly Toynbee
Vibes matter. We live by how we feel – an idea that orthodox economics gets wrong and Andy Burnham’s first budget looks set to get right.
Visa and Mastercard threatened with potential £5bn UK lawsuit over fees
Application made for group claim seeking compensation for companies for alleged overcharging on customer card payments
Is London really the most-taxed city? Banks accused of cherrypicking data
Lobby group’s figures, shared with John Healey, are misleading as they do not include major rival Paris, say campaigners
UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.
NatWest cracks down on 13,000 staff attending office two days a month
NatWest has ordered 13,000 staff to increase their in-office days from two days a month to two days a week, angering its staff union.
Millions unable to use Revolut app or cards as company suffers ‘service disruption’
UK banking company insists customers’ funds and data are safe despite problems with sign-in, card payments, transfers and withdrawals
A modest increase in bank taxes is not the end of the world for lenders | Nils Pratley
As long as Healey doesn’t go overboard, a small turn on surcharge dial will not seriously undermine flow of capital
Bank of England said to be reviewing Barclays’ handling of private credit loans
The Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.
The Guardian view on the banks: too big to fail cannot mean too big to tax | Editorial
Financiers owe their windfalls and bonuses to higher interest rates. Britain should reclaim more for the public and resist City lobbying
Target pensions or welfare, not banks, IMF tells John Healey
Supporters of planned tax, however, say banks were bailed out by taxpayers during financial crisis and can afford to pay more now
US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
Move comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offender
John Healey poised to raise taxes on banks in budget
John Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands.
‘Like, really, really shocked’: why are so many people riffing on this sheep’s sex appeal?
Nick, this cute green cartoon from New Zealand is all over my social media. Why are people falling for an animated sheep?
Bank of America fined $1.2bn for money laundering failures
Bank of America (BAC.N), has been fined $1.21bn by US regulators for widespread failures to detect potential money laundering and other illicit activity, a penalty the bank said will hurt third-quarter earnings.
Tory tax break for banks has cost UK public purse £6bn, says TUC
Tax cuts for big banks have deprived the UK government of £6bn in revenues, according to campaigners, who are calling on the chancellor, John Healey, to increase taxes and force lenders to pay their “fair share” in the …
Christian Bittar has conviction for rigging interest rates quashed
Former City trader Christian Bittar has become the eighth person to have his conviction for rigging interest rates quashed, just days after five other former bankers also successfully cleared their names.
Top bosses at Goldman Sachs to share bonus pot worth up to $500m
Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank’s history.
Ex-Barclays traders jailed for rigging interest rates have convictions quashed
Five more former traders who were jailed for rigging interest rates have had their convictions quashed by the court of appeal in London, after a long battle to clear their names.
UK regulator FCA to investigate how it handled Epstein whistleblower who took his own life
British banker Simon Andriesz helped to expose alleged ties between late sex offender Jeffrey Epstein and US commerce secretary Howard Lutnick
UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail
Revelation comes amid mounting concern over online prediction market’s effects on integrity of financial system