Islamic State is now the richest terrorist group in history – and that’s because its finances “combine old-fashioned looting and pillaging with high-tech illicit funding,” says Freddie MacMahon.

Virgin Money and the Yorkshire Building Society (YBS) are calling for the Competition Markets Authority (CMA) to divide up the “Big Five” in order to create more, smaller challenger banks to boost competition.

The state-owned Vietnam Asset Management Company (VAMC) is piloting a new method to revive the country’s financial system.

Jonathan Lye has been appointed director at the London branch of the financial risk management consultancy JC Rathbone Associates (JCRA).

UK banking CEOs are some of the highest paid in Europe, with heads of HSBC and Lloyds taking second and third place in new rankings compiled by SNL Financial.

The Archbishop of York, John Sentamu, has called for businesses that can afford it to stop dragging their heels and start paying the Living Wage.