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The bank’s profits were boosted by the release of £459 million that had been set aside for expected bad loans. File photograph: Andrew Matthews/PA Wire

Lloyds Banking Group reported better than expected profits for the first three months of the year, in the last set of results before Chief Executive (...)

Credit Suisse’s share price has fallen by a quarter in the past month as investors assess the hit to the bank’s bottom line and credibility. Photograph: Chris J Ratcliffe/Getty Images

Credit Suisse on Tuesday announced an estimated loss of 4.4 billion Swiss francs (€3.97bn) from its relationship with Archegos Capital Management, sus(...)

Monzo’s new valuation puts it in the upper echelons, just behind a pair of SoftBank Group-backed startups that raised money this year. Photograph: iStock

Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion (£2 billion), making it one of the UK(...)