Tony Hayward: “I’m 58 years old and I want a slightly less full-on life.” Photograph: Reuters

Five years after being forced out of BP in the wake of the Deepwater Horizon disaster, Tony Hayward is still causing controversy – and he still wants (...)

UK chancellor of the exchequer George Osborne who will use this week’s summer budget to launch a clampdown on taxpayer-funded subsidies for hundreds of thousands of higher earners living in social housing. Photograph: Stefan Wermuth/PA

George Osborne, Britain’s chancellor of the exchequer will spell out his plans to reshape the country’s economy when he announces the first budget of (...)

The levy was initially introduced in 2011 not only to raise money but also to discourage banks from risky borrowing

Britain’s banks have called on the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them t(...)

British bank Barclays has named KPMG as its new auditor, ending a 119-year relationship with PricewaterhouseCoopers (PwC) amid a British regulatory in(...)

TSB, which already has 4.7 million customers, was spun out of Lloyds last year

Spain’s Banco Sabadell has received approval from Britain’s financial regulators for its £1.7 billion takeover of Britain’s TSB , increasing competit(...)

Has the Chinese equity bubble burst? The question is worth asking, given the extent of recent falls. Last week, China’s tech-heavy ChiNext index fell (...)

Morgan Stanley is leading the group of banks said to be ready to supply Uber with $2bn in credit.

Uber is negotiating a $2 billion credit line from a group of Wall Street banks, according to a source. Uber, the car-booking company that has disrup(...)

‘Some might say there are other organisations which could more appropriately have been scrutinised for evidence of crimes touching directly on US interests. Banks, for example. HSBC, for instance.’ Above, Fifa officials are escorted out behind sheets following their arrests by Swiss authorities  in Zurich  last week.  Photograph: Pascal Mora/The New York Times 1:31

What business is it of the FBI that Fifa officials may have been involved in skulduggery in Switzerland? Whence comes US attorney general Loretta Lync(...)

HSBC  logo: firm is to eliminate up to 50,000 jobs by 2017 by shrinking its global reach as chief executive Stuart Gulliver seeks to cut annual costs by about $5 billion to restore profit growth. Photograph: Simon Dawson/Bloomberg

Could the famous golden griffin, last seen on Britain’s high streets almost two decades ago, be poised to make a comeback? Set against a blue backgrou(...)

HSBC: the new   plan from Europe’s biggest bank failed to impress markets after investors  questioned whether its pledge to shed almost 50,000 jobs would be enough to lift earnings. Photograph: Simon Dawson/Bloomberg

European shares fell yesterday on weak economic data out of China and uncertainty about Greece’s debt negotiations. US stocks were little changed af(...)