Banking
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Ex-Wells Fargo CEO John Stumpf deserves jail – not a plush retirementIf the Department of Justice lived up to its name, it would move forward with John Stumpf’s criminal investigation
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Wells Fargo announces profit drop after CEO exits in fake accounts scandalThe bank said on Friday, days after John Stumpf announced his retirement, that earnings slipped in the third quarter, though the results beat expectations
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NatWest and RBS debit cards declined due to technical glitchBanking group apologises to exasperated customers after shops and cash machines refuse their debit cards
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Mark Carney: Bank of England will tolerate higher inflation – as it happenedThe Bank of England governor has told an audience in Nottingham he will tolerate an overshoot of the Bank’s 2% inflation target
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World's billionaires lose £215m each as global economy strugglesStudy finds billionaire population grew in 2015, but total wealth of this group fell by nearly £250bn as economic growth stalled
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Wells Fargo chief John Stumpf retires in wake of fake account scandalStump will receive no severance payment for retirement which comes a month after $185m settlement with US regulators over illegal sales practices
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New York best placed to benefit from lost City business, says CunliffeBank of England deputy says it is unlikely any EU rival could replicate services offered by UK financial services industryPound falls back as government says it cannot outline Brexit aims in detail
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Lloyds accused of 'death by a thousand cuts' as it axes 1,340 jobsUnions criticise fresh round of redundancies as bank trims staff to make savings
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Deutsche Bank’s potential $14bn penalty in 10 simple chartsGermany’s biggest bank faces a potential penalty over mis-selling. These charts show what it means for the bank and the economy
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Bankers warn Brexit could force jobs out of LondonBank of England policymaker says loss of high-paid City jobs could knock hole in Britain’s budget
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EU petition on Barroso's Goldman Sachs job signed by more than 150,000Declaration says former European commission president ‘morally reprehensible’ for joining US bank
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1MDB: Singapore shuts down Swiss Falcon Bank over Malaysian scandalRegulators say Falcon persistently flouted money laundering controls, while DBS and UBS received fines for separate lapses that were not ‘pervasive’
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NAB national outage leaves customers unable to pay by card or withdraw cashBank apologises and manages to restore services on Monday afternoon but customers take to social media to vent their frustration over outage
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Labor poised to kill off marriage equality plebiscite when parliament resumesGovernment attempts to shift debate to industrial relations likely to be overshadowed by same sex marriage and calls for banking inquiry
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After sterling’s terrifying plunge, bosses plead for clarity on the future of BrexitA stern Tory conference dashed many pro-EU hopes, and caused the pound to show frightening weakness. But it seems that Whitehall still lacks a coherent plan
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Philip Hammond drops plan to sell cut-price Lloyds shares to publicChancellor abandons predecessor’s promise, and will sell government’s remaining 9% stake on stock market
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Wells Fargo banking scandal a financial crisis we can finally understandOnly insiders could decode 2008’s fallout, but the bank’s latest offense is a clear example of what Americans face – and one regulators will be forced to address
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Bank of England investigating dramatic overnight fall in poundPotential causes of sterling flash crash that compounded earlier losses include ‘fat finger’ error and computer-generated trade
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A financial adviser left me $640,000 in debt. Who’s talking for me at the bank review?Victims of banking scandals are faceless and often blamed. Had we been able to appear at the bank review, we could have told of the devastation these scandals have caused in the lives of thousands of Australians
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Malcolm Turnbull commits to bank victims' tribunal but Labor calls it a 'stitch-up'PM says tribunal would resolve complaints faster than a royal commission, but Labor says it wouldn’t address the underlying cultural changes needed to stop ‘rip-offs’
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Hammond acts to reassure City and Wall Street on BrexitChancellor tells financial sector, worried about foreign investment, that lower level jobs and migrant labour are the problem
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NCA investigating six people over £1bn sale of Irish property portfolioUK crime agency acting on claims made in Irish parliament that bribes were paid to smooth sale of Northern Irish properties
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EasyJet shares come down to earth after years of stratospheric returnsThe budget airline has hit strong headwinds, which will take a few years to disperse, but it’s well placed to take advantage of weakness in the sector
UK towns and villages running out of hard cash, says report