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Barclays has financed $5.6bn in new fossil fuel projects since January
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Barclays has financed $5.6bn in new fossil fuel projects since January

Barclays has financed more in fossil fuel projects than any of the UK’s largest banks in the months leading up to the Cop26 climate talks in Glasgow, according to a report by climate finance campaigners. The bank financed $5.6bn (£4.1bn) for new fossil fuel projects from January 2021 to the eve of the UN climate summit, Market...

HSBC profits rise 74% as economy rebounds from Covid crisis
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HSBC profits rise 74% as economy rebounds from Covid crisis

HSBC’s profits rose 74% in the third quarter as improving economic conditions allowed the bank to release hundreds of millions of pounds originally set aside for a potential jump in loan defaults during the pandemic. The London-headquartered bank said pretax profits rose to $5.4bn (£3.9bn) in the three months to 30 September, up from $3.1bn a...

Doorstep lender Provident Financial reveals FCA investigation
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Doorstep lender Provident Financial reveals FCA investigation

The doorstep lender Provident Financial has said it could put its consumer credit division into administration unless borrowers agree to a scheme that will sharply reduce compensation payments following a surge in customer complaints. The high-cost lender also revealed it was facing a regulatory investigation by the Financial Conduct Authority into a string of issues including whether...