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Barclaycard change could mean much higher interest for some customers
Credit card holders who make minimum repayments warned they could be in debt for years longerSome...
Barclays profits tumble 12% as UK interest rates hit mortgage demand
Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year• Business live...
Nationwide agrees £2.9bn deal to take over Virgin Money
Richard Branson has already indicated he will back takeover that will require the agreement of the...
HSBC nearly doubles CEO’s pay despite fall in fourth-quarter profits
Bank increases staff bonus pool by 12% despite hit from exposure to China real estate slumpNice...
Barclays to cut costs by £2bn, raising fears of further job losses
Bank announces drop in profits to £6.6bn as it says it plans to return more to...
NatWest reports biggest annual profit since 2007 financial crisis
Pre-tax figure of £6.2bn comes as bank confirms Paul Thwaite will take over permanently as CEOBusiness...
Tesco to sell bulk of banking business to Barclays for £700m
About 2,800 of supermarket group’s staff will transfer to bank, which will sell Tesco-branded servicesTesco has...
Lloyds and Santander accused of providing accounts for Iranian front companies
Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctionsTwo of...
Bank agrees payout over mortgages that ‘ruined lives’
Out-of-court settlement reached with law firm acting for customers who have been left owing big sumsOne...
Labour has no intention of reinstating cap on bankers’ bonuses, says Reeves
Shadow chancellor says party aims to be champion of a thriving financial sector if it wins...
HSBC fined £57m over ‘serious’ deposit protection failings
Regulator says bank failed to properly implement Financial Services Compensation SchemeBusiness live – latest updatesHSBC has...
Savings passbooks popular as Britain turns to cash amid cost of living crisis
While some banks and building societies scrap system, others report increase in usage by customersWhile some...
China announces 0.5% cut in banks’ minimum reserves
Biggest reduction since December 2021 will allow 1tn more yuan to be released in form of...
