Tag: banks

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Why are UK banks making so much money and why are their taxes being cut?

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UK banks have so far reported bumper profit rises in the third quarter, which they say reflects improving economic forecasts. Other sectors do not seem to be reaping the same benefits, particularly in light of the unc...

French manicure: an immaculate apartment on the banks of the Seine

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When Célia Bernard and her husband Jean-Marie Castille found this two-bedroom Parisian apartment directly on the Right Bank of the Seine, they were sure about one thing: they didn’t want to paint it white. Instead, th...

To fight the climate crisis, banks must stop financing factory farming

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As the climate crisis boils over, new research shows that reducing methane emissions is our best hope to rapidly stem the crisis. It’s time to turn up the heat on the industrial meat industry and dramatically curtail ...

Food banks warn of smaller parcels due to HGV supply shortages

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Food banks have said they will have to shrink the size of the parcels they give to struggling families owing to declining stock levels caused by the HGV crisis, supply shortages and a collapse in public donations. A c...

Coronavirus live news: UK food banks ‘preparing for worst’; record cases in Australian state of Victoria

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UK benefit bonus comes to an end; Australian state of Victoria records 1,438 new cases as Delta outbreak continues to grow

‘We’ve signed Ronaldo’: could other banks follow Goldman Sachs to Birmingham?

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Investment bankers are rarely compared to football stars. But when the West Midlands mayor, Andy Street, formally welcomed Goldman Sachs to Birmingham this month, he likened its arrival to one of the summer’s big tran...

High cost of childcare in UK makes low-income parents resort to food banks

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Low-income parents and those on universal credit are resorting to using food banks as a result of the high costs of childcare, according to a landmark UK survey shared with the Guardian. As MPs debated the cost and av...

Former Liberal MP Julia Banks will join Climate 200 group to support independents

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The former Liberal MP Julia Banks will join the advisory board of an organisation formed to support the election of climate-focused independents to parliament at the next federal election. Banks said she was motivated...

European banks storing €20bn a year in tax havens

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Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to ...

Banks failing to properly help victims of fraud, says Which?

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The UK’s biggest banks are failing to properly help fraud victims, leaving them “feeling abandoned at a time of crisis and exposed to future scams”, the consumer group Which? has claimed. Which? found that customers ...

Banks can now unleash a dividend party – but the optics wouldn’t be good

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Let the dividend bonanza in the banking sector begin? The Bank of England on Tuesday removed its Covid “guardrails” on distributions to shareholders, and boards now have a decision to make. Do they shower their invest...

‘Menacing controlling wallpaper’: Julia Banks says her three months under Scott Morrison were ‘gut-wrenching’

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Former Liberal MP Julia Banks says she will send a copy of her new memoir to the Jenkins review of workplace culture in Parliament House, but will not give a formal interview or make a submission to the inquiry becaus...

When does the Bank’s relaxed stance become complacency?

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Inflation is “likely to exceed 3% for a temporary period”, says the Bank of England’s monetary policy committee, which would prefer the emphasis to be put on the word “temporary”. The rate-setters, or most of them, ar...

Clothing banks warn of families in crisis as demand soars

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“I’ve been trying to make my baby daughter’s vests bigger by stretching them while wet,” Carly Smith, a 26-year-old single mother of three, explains. “I can’t afford new clothes, so she’s just been wearing a nappy in ...

US food banks brace for demand as Republicans end unemployment benefits

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Food banks in many states across the US are bracing for a surge in demand for food aid due to Republican governors ending federal extended unemployment benefits early in a move that will hit millions of American famil...

Steve Barclay banks three hours of MPs scolding him over aid cuts

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Beggars can’t be choosers. This wasn’t the reckoning that some Tory MPs – 45 or so ordinary men and women with the crazy idea that the government should be accountable to parliament for breaking a manifesto commitment...

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