iFANN News Topic

#banking

Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Campaigners demand £19bn bank windfall tax after HSBC profits surge to £7.5bn

Campaigners say a levy on banks could raise £19bn for Andy Burnham's cost-of-living agenda as HSBC reports a 60% jump in quarterly profit to £7.5bn.

Aug 5

S&P 500, Nasdaq close down as Big Tech's soaring AI budgets trigger flight | Reuters

Finance

S&P 500 drops over 1% as Big Tech AI spending fears and $100 oil rattle markets

Tesla plunged 14.5%, Alphabet dropped 6.9%, and the Magnificent Seven shed $767 billion in market cap during the busiest week of the quarter.

Jul 26

Japan PM Takaichi rules out risk of British-style 'Truss' shock | Reuters

Finance

Japan PM Takaichi denies risk of Truss-style shock as markets recoil from ¥370tn plan

Prime Minister Sanae Takaichi insists Japan can avoid a UK-style bond shock, but investors are selling the yen and pushing government borrowing costs to multi-decade highs.

Jul 25