The Guardian view on Labour’s big idea: organising the state effectively matters for jobs and growth Editorial: Rachel Reeves missed a chance to recast a policy that cuts government spending while shovelling state cash into private banks
Geopolitical tensions and Covid crisis: tightrope walk on China and Trump facing new HSBC boss CEO is making a surprise exit after successfully slimming down the global bank and winning over its tough chair
Goldman Sachs to scrap cap on bonuses for hundreds of UK staff Changes will allow the investment bank’s star performers to earn up to 25 times their annual salary
Dividends payments soar globally as worker pay stagnates Shareholder payouts grew 14 times faster than wages over past three years, says Oxfam report
Noel Quinn’s exit seems respectable but big uncertainties about HSBC remain Chief executive’s departure sounds sensible enough but successor will inherit heavy strategic workload
Inflation in Australia is still stubbornly high. Will the RBA raise interest rates again? With hopes for a rate cut gone, there is speculation of another rise before the end of 2024. What factors will sway the Reserve Bank’s decision?
HSBC chief Noel Quinn to step down after ‘intense’ five years Bank says it has started search for a successor as it reports quarterly profits beat forecasts
Barclays accused of greenwashing over financing for Italian oil company Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production
UK consumers feeling more confident about finances, says NatWest boss For first time since August 2021 people expect position to be better in a year, Paul Thwaite adds
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 longer
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
The Guardian view on globalisation’s discontent: it’s not right for poor countries to fund the rich Editorial: Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy
Lloyds profits fall as competition for mortgages heats up Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year
UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures Bank of England executive says creeping sense of complacency and lack of data is putting lenders at risk
Even a ‘rate shock’ for British mortgage borrowers may not help the banks The prospect of home loan rates staying high for longer is not the tonic for lenders’ financial results it once was