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The rating agency Moody’s has said the race to adopt AI is putting big banks at the mercy of a small group of Silicon Valley firms, leaving them vulnerable to widespread outages and price gouging by profit-hungry tech b…
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Businessman and philanthropist who helped fund a new wing for the National Portrait Gallery
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Banks should factor in the time spent by humans checking invented facts, writes Dr Gleb Tsipursky
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Campaigners have renewed calls for a windfall tax on UK banks that could raise £19bn towards Andy Burnham’s cost of living agenda, after HSBC raked in $10.1bn (£7.5bn) worth of profits in the second quarter of the year.
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A Metro Bank customer has told of his fight to get more than £14,000 back after its systems failed to stop a fraud involving the AI chatbot Claude.
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Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald Trump
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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 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.
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The City trader turned wealth tax campaigner Gary Stevenson has announced he is quitting the YouTube channel that made his name, citing health concerns.
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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 now get up to 8%.
Business
Staley is latest high-profile figure to testify before House amid investigation into Epstein, convicted sex offender
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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 tariffs on China.
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Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel
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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 small deposit, or …
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Experts say there will still be opportunities ahead in everything from teaching to hotels and the law
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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 consumers.
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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 crypto billionaire Chr…
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Exclusive: Latest Guardian revelation about gift from cryptocurrency tycoon comes as Reform UK leader forces byelection
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Central bank’s financial policy committee members voice concern on trimming big lenders’ financial buffers
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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
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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.
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Barclays is to buy an app designed to help children understand and manage their money, as it targets young people in affluent families.
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JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say
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National debt helpline calls have increased alongside growth in new personal loans, which charged an average 9% interest in March