Fresh controversy at Metro Bank, where bosses are pushing a complex new bonus scheme that could hand £60m to CEO Daniel Frumkin www.theguardian.com/business/202...

New allegations in the motor finance scandal Exclusive: Court docs show lenders paid “advance commissions” to car dealerships that may have encouraged them to push more expensive loans onto customers www.theguardian.com/business/202...

HSBC is delaying part of its net zero goals by 20 years, while watering down climate targets in a CEO bonus plan that’s worth up to 600% of his salary More details from its climate progress review are due later this year www.theguardian.com/business/202...

Judges have rejected Reeves' controversial bid to intervene in a high-profile Supreme Court case on the motor loan commissions scandal Shares in Lloyds and Close Brothers tumbled over fears of a looming £44bn compensation bill www.theguardian.com/business/202...

Shareholder advisory service ISS is caving to Trump's anti-diversity drive ahead of AGM season From 25 Feb, it will no longer recommend voting against any US company's board members for failing to hit gender/ethnicity leadership targets insights.issgovernance.com/posts/statem...

New: Late financier Evelyn de Rothschild accused of abuse during banking career www.theguardian.com/business/202...

State-funded UK scheme to save beloved community sites - like The Old Forge, Knoydart - will close early - @kalyeena.bsky.social reports www.theguardian.com/society/2024...

I will be joining my colleagues at the Guardian and Observer who are on strike for 48 hours. I will be back at work on Friday. For more information please follow bsky.app/profile/gonu... and @NUJofficial, or visit nuj.org.uk/savetheobserver

FCA bows to pressure over plans to “name and shame” companies it investigates, following months of intense criticism from the City and threats of govt intervention www.theguardian.com/business/202...

"It highlights that the Virgin Money board didn’t have faith that the CEO’s plan...was going to be successful, so they decided to take the money and run" www.theguardian.com/business/202...

Digital bank Revolut says it wants to be a 'lifestyle brand' But for some with longer memories, Revolut’s £1m+ Coachella-inspired mega-party echoes the banking industry's excesses in the lead up to the financial crisis www.theguardian.com/business/202...

New risks are emerging in familiar places, 16 years after the 2008 banking crash “It’s a game of whack-a-mole. You regulate stuff, but then the financial system finds ways around the regulation very quickly" www.theguardian.com/business/202...

Starling Bank staff are resigning after its CEO ordered its 3000+ workers to return-to-office...despite only having about 900 desks (Best not to ask who did the math) www.theguardian.com/business/202...

UK banks are about to enter into a "messy" dash for cash, as they race to repay £100bn of pandemic-era loans (And it turns out out your savings rate might benefit) www.theguardian.com/business/art...