HSBC to pull out of Australian retail banking market
The London-headquartered HSBC is closing all Australian branches over the next 18 months after selling its local mortgage and personal loan portfolio to the global asset giant Blackstone.
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Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Lloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.
Gary Stevenson to quit YouTube channel, citing health concerns
The City trader turned wealth tax campaigner Gary Stevenson has announced he is quitting the YouTube channel that made his name, citing health concerns.
UK savings deals: the heat is on as banks offer up to 8%
You can currently get instant- and easy-access accounts that pay up to 5% interest, and fixed-rate savings bonds that pay almost that much. Meanwhile, those looking for a regular savings account can n…
Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing
Democrats in the US Congress have laid out plans for what they say would be the “boldest” bid to revitalize the country’s industrial heartlands since the second world war – using revenue raised by tar…
Former Barclays CEO Jes Staley faces US congressional panel over Epstein ties
Staley is latest high-profile figure to testify before House amid investigation into Epstein, convicted sex offender
US senator wants urgent answers from Barclays over Jes Staley’s ties to Jeffrey Epstein
The leading US senator Elizabeth Warren has called for urgent answers from Barclays over what she claimed was its “apparent failure to meaningfully investigate” ties between the bank’s former boss, Je…
JP Morgan boss warns of ‘consequences’ if Burnham taxes banks
The boss of JP Morgan, Jamie Dimon, has warned Andy Burnham against raising tax charges on banks, suggesting it could threaten plans to build its £3bn headquarters in London and drive investment away …
Bank of England to stop accepting bonds linked to coal for key loans
Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel
No deposit, no problem: the new 100% mortgages for first-time buyers
For many first-time buyers, getting their foot on the property ladder can feel like an impossible dream. However, the good news is that there are a growing number of mortgage deals that require only a…
JP Morgan boss pressed by US senator about bank’s contact with Jeffrey Epstein
A leading Democratic senator has written to the JP Morgan Chase boss Jamie Dimon to request clarification on the bank’s contact with the child sex offender Jeffrey Epstein .
Safe from AI: which jobs will help you thrive in the future?
Experts say there will still be opportunities ahead in everything from teaching to hotels and the law
Bank of England handed powers to regulate key tech firms including Amazon and Google
The Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm cons…
The Guardian view on Nigel Farage’s crypto cash: accountability is not a conspiracy | Editorial
Twice now, the Guardian’s questions about Reform UK’s finances appear to have been pre-empted by stories friendly to the party. This paper revealed in April that Nigel Farage received £5m from the cry…
Bank of England plans to ease capital rules despite AI stability fears
Central bank’s financial policy committee members voice concern on trimming big lenders’ financial buffers
Alan Greenspan obituary
American economist and long-serving head of the Federal Reserve widely praised for the US boom whose reputation was re-evaluated in the wake of the 2008 crash
Lloyds Banking Group to hire 300 tech experts to work on AI
Lloyds Banking Group has launched an AI recruitment drive for 300 tech experts, weeks before its chief executive, Charlie Nunn, unveils a strategic plan for the 261-year old lender.
Barclays to buy GoHenry kids’ debit card and money app
Barclays is to buy an app designed to help children understand and manage their money, as it targets young people in affluent families.
World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say
Personal loans booming as cost of living drives Australians to borrow record amounts
National debt helpline calls have increased alongside growth in new personal loans, which charged an average 9% interest in March
Lloyds customers unable to make payments due to IT glitch
Bank apologises after IT update caused problems with Lloyds, Halifax and Bank of Scotland apps
Tony Blair is strong on diagnosis, deluded on prescription: Britain’s ills can’t be fixed by him | Larry Elliott
The former PM’s essay rightly calls for a coherent economic plan, but then sets too much store by AI – and a worldview stuck in the past
NS&I failures pile on the agony for bereaved families chasing missing premium bonds
“It has been more than a year of hell,” says Kate Constable about the time it took to claim £46,000 in premium bonds belonging to her late mother.
Metro Bank investors urged to reject executive pay report
Bonus scheme that could hand CEO a £60m windfall is ‘significantly out of line’ with market, says proxy adviser