Office for National Statistics data shows poorest fifth better off since 2007-08, in findings at odds with reports that show rich have got richer
Pay deals for Lloyds and Royal Bank of Scotland’s chief executives will be under scrutiny
Resolution Foundation points to rising employment and falling inflation as incomes pass 2009 peak – but warns pace of recovery likely to slow
Move follows collapse in share price and personal intervention of chief executive John Cryan and aims to underline banks’ economic strength
William Dudley says US households and banks are able to absorb shock of global market turbulence and seeks to quell fears of bank lending ‘doom loop’
Roling coverage of the ongoing turbulence in the stock markets, and new growth figures from across the eurozone.
Britain can borrow cheaper than ever before, as panic selling drives investors out of shares and into bonds. Federal Reserve chair Yellen testifies again.
Lord Turner questions rigorousness of checks on borrowers and says industry losses could emerge that make the worst bankers look like ‘lending geniuses’
Contingent convertible bonds allow banks to skip interest payments without defaulting, and can be converted to shares or written down if a bank runs into financial difficulties
Investing in shares is not without risk, but if you do your research and can commit to a long-term strategy you could prosper. Esther Shaw reports