Finance

With only 12 weeks remaining before his first budget, the new chancellor, John Healey, is exploring ways to increase public investment without breaking the Treasury’s fiscal rules – and some economists are encouraging him to be bold.

Higher taxes are now the biggest perceived threat to Britain’s millionaires, according to a new survey.

The U.S. Treasury’s financial watchdog fined a record $125 million penalty Monday against UBS Financial Services Inc. for "willful" anti-money laundering violations, including failing to monitor over $10 billion in foreign currency wires and ignoring red flags on high-risk clients.

China helped transform Germany’s automakers into global giants, delivering decades of strong sales and billions in profits. Now, it’s their biggest liability.

Capital One bank has asked a federal judge to dismiss a lawsuit from the Trump Organization over the closure of hundreds of bank accounts back in 2021, arguing in new papers that the shutdowns were the product of a monthslong anti-money-laundering review — not retaliation for the Jan.

Britain’s economy could be sent into a recession next year if the crucial Strait of Hormuz remains closed into 2027 amid a prolonged Iran war, according to a report.

A grieving family were mistakenly told by National Savings and Investments (NS&I) they would inherit £30,000 in Premium Bonds, only to discover the money did not exist.

Britain’s biggest drugmaker, AstraZeneca, is understood to be in discussions to take over its US rival Bristol Myers Squibb in a deal that would create a near-$400bn (£300bn) pharmaceutical group.

UK drivers have stolen almost £200,000 of fuel from petrol stations on average every day since the Iran war broke out and sent prices soaring, according to industry analysis.

Andrea Gacki has served as director of FinCEN since 2023. She’s the second top anti-money laundering regulator in the last five years to leave and join Citibank.

A former Goldman Sachs senior officer has been awarded £1.45 million for sex discrimination and unfair dismissal after he was ‌fired while on parental leave.

Motorists in the UK are warned petrol prices are likely to hit 160p per litre from Friday, a new record since the start of the Iran war.

Ireland’s National Asset Management Agency (Nama) is set to be formally dissolved with immediate effect, the government has announced.

Santander could be hit with legal action after attempts to force its new TSB workforce into the office three days a week.

Draft legislation published by HMRC last week introduces an explicit obligation on taxpayers to take ’reasonable action’ to correct errors once they are identified.

Barclays has highlighted “opportunities” to profit from a devastating food crisis that could leave more than 100 million people hungry.

Asked whether the finance industry has enough safeguards in place to remain stable if an AI bubble unravels, Schindler said: “I do hope so.”

The number of millionaires in the UK has fallen to the lowest level since the financial crisis, according to new analysis.

Thailand’s SEC filed a criminal complaint against crypto exchange Bitkub and two ex-directors for concealing a $53 million theft of customer assets in their 2021 financial reports.

The Bank of England is expected to keep interest rates unchanged again next week, despite fresh uncertainty in the Middle East.

Dragons’ Den star Tej Lalvani has agreed to sell his family’s vitamins empire to a US private equity giant in a deal worth around £1bn.

The UK Government is committed to making sure pensioners whose only income is their pension will not pay income tax, the Treasury has said.

UK borrowing costs soared yesterday amid a global bond market rout sparked by a surge in the oil price back above $100.

British Gas owner Centrica has said it will cut 1,300 jobs over the next two years as part of its ongoing turnaround efforts.