Labour plans to refer banks to competition authorities
Labour plans to refer high street banks to the competition authorities immediately if elected in 2015, the party leader is expected to say in a speech on banking reform.
BoE Governor: UK a 'hard touch' on bankers' pay
Bank of England Governor Mark Carney said the UK already had a "hard touch" regime in relation to bankers' pay and criticised the EU cap on bonuses.
Mr Carney said the cap would partly reverse the changes that have been made to be able to recover bonuses from bankers.
He also denied the suggestion that regulators had "dropped the ball" over bankers' pay.
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Joe Biden vows to fight racial inequality with economic agenda
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Trump reverts to promoting unproven drug as coronavirus treatment
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What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.