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Banks and Finance

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HSBC to sack hundreds of top bankers in scramble to cut costs

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HSBC is to lay off hundreds of top bankers as bosses scramble...
Bussiness

Rachel Reeves’s promise to the City will come back to haunt her

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In her letter to Andrew Bailey, Governor of the Bank of England,...
Bussiness

Car finance industry faces ‘substantial threat’ from ‘PPI-style’ scandal

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The FCA said it would write to the Supreme Court asking it...
Bussiness

Homeowners face £13k mortgage shock after Reeves’s Budget

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It comes after more than two years of mortgage pain for homeowners,...
Bussiness

Billionaire tech boss fined for failing to pay tax on £10m share sale

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The billionaire boss of payments company Wise has been fined by the...
Bussiness

HSBC splits up bank amid growing tensions between China and the West

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It comes amid growing pressure on the bank to move its headquarters...
Bussiness

‘It cannot be German quality’: why a bullish Italian banker has Berlin bristling

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To temper the controversy, Orcel has downplayed the spat, saying German policymakers...
Bussiness

Canary Wharf downgraded to junk status as post-pandemic office exodus continues

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Canary Wharf has suffered a further debt downgrade following an exodus of...
Bussiness

Challenger bank backed by Lord Mandelson hit with winding up petition

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A start-up bank that counts Lord Mandelson among its board members was...
Bussiness

Japan nearly blew up global markets this week – here’s how it could happen again

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“A carry trade is essentially just trying to benefit from a higher...
Bussiness

St James’s Place shares soar after unveiling £500m of cost cuts

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Concern among investors peaked in March when the group was forced to book...
Bussiness

Brussels poised to close bank owned by friend of Prince Andrew

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A bank owned by a former Tory donor who has close links...
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