Is the global economy in for a new oil shock? | Larry Elliot

Trump’s hawkish stance with Iran could prove too much for an already fragile world economyAn oil price surge prompted by trouble in the Middle East inevitably conjures up memories of late 1973, when a dramatic rise in the cost of crude ended the long p…

Read more

The Bank of England’s biggest problem? The City of London

Governor Mark Carney should use his Mansion House speech to tell the Square Mile it must stay on a short leashWhen the Bank of England’s governor, Mark Carney, addresses City grandees this Thursday at Mansion House in London, he could step outside his …

Read more

FCA report into RBS branded ‘complete whitewash’ by critics

Report says watchdog will take no action despite evidence of mistreatment of business customers after 2008 crashA report by the City watchdog into the scandal at Royal Bank of Scotland’s turnaround unit has been described as a whitewash after the regul…

Read more

Smoothing out banking irregularities has been a bumpy road | Kalyeena Makortoff and Gwyn Topham

Banking Competition Remedies parts way with director for conflict of interest – but it is not the firstA £775m fund meant to counter the effects of Royal Bank of Scotland’s crisis-era bailout stumbled again this week. For a programme intended to smooth…

Read more

Bernanke, Paulson and Geithner: revisiting the 2008 financial crisis | Howard Davies

Three of the key players co-author a book about lessons of the past and make proposals for the futureJournalists, the adage goes, write the first rough draft of history. It’s a grand claim, but perhaps the best of them achieve something close to that. …

Read more

Hope for ‘mortgage prisoners’ as MPs and regulator act to free them

Thousands of homeowners whose banks collapsed in the financial crisis have been unable to move to a cheaper dealThousands of mortgage customers of now-defunct banks who had their loans sold on after the financial crisis are hoping new moves by regulato…

Read more

UK wage growth stalls despite record employment

Rising vacancies and falling unemployment fail to push firms into raising wagesWage growth has slowed in the UK to put a squeeze on living standards despite unemployment falling to its lowest level for more than 40 years.The fall in pay growth to 3.3% …

Read more