JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say

The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found.

The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions incompatible with international agreements to restrain rising global temperatures, according to the coalition of environmental groups behind the new analysis.

Die US-Bank JP Morgan drängt ins deutsche Bankgeschäft und bietet zum Start bis zu vier Prozent Zinsen. Die Deutsche Bank zieht nach. Das Wichtigste zum Zins-Rennen.

SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles

Investors in JP Morgan have been urged to vote in favour of splitting the role of chief executive and chair at America’s largest bank, amid concerns over the power wielded by its billionaire boss Jamie Dimon.

ISS and Glass Lewis, which issue advice to some of the world’s biggest fund managers on how to vote at annual investor meetings, have thrown their weight behind a shareholder resolution that would ensure two separate people hold the office of chair and chief executive “as soon as possible”. Investors are due to vote on the resolution at the bank’s annual general meeting on 19 May.

The campaign, fronted by a CGI squirrel, is part of government initiative to boost financial risk taking, amid fears UK growth is being stymied

• Nils Pratley: the ‘Savvy Squirrel looks a hit too tame’

City firms are pinning their hopes on a government-endorsed advertising blitz fronted by a finance “savvy” CGI squirrel to encourage cautious British savers to shift out of cash and start investing.

The long-awaited retail investment campaign, which will cost up to £50m, is part of the chancellor Rachel Reeves’ nationwide push to encourage more financial risk taking, amid fears risk-averse consumers are losing out and ultimately stymying UK growth.

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PMQs is starting soon.

Here is the list of MPs down to ask a question.

I’ll be honest, when people would pop up on social media laying those sorts of charges, they tended to be the sort of people who appear in your timeline trolling. And I just didn’t think it could be credible that [Mandelson] would have had that kind of relationship.

So, the FT did a report, but I don’t remember seeing it in other newspapers. Mandelson still had a podcast. He was appearing regularly on really big news programmes. And so, to be honest, the only time I remember seeing stuff, Mandleson/Epstein, you just think, ‘I haven’t seen that from a credible news source, he hasn’t been questioned, I think that must be overblown’.

I think it stems from the same root cause, which is those women [Epstein’s victims], those girls, not being taken seriously enough, their experiences not mattering enough and being prioritised. And that is exactly the sort of sexism and misogyny at the root of the issue, I’m afraid. And I think all of us have to take responsibility for that.

JP Morgan boss warns of risks of higher inflation and interest rates due to Iran war in annual letter to shareholders

• Middle East crisis – live updates

The head of the US’s largest bank has pressed the White House to strengthen Washington’s allies economically in order to “avoid truly adverse consequences”, in the latest intervention in an increasingly testy relationship with the Trump administration.

As the Middle East conflict sparked by US and Israeli attacks on Iran enters its sixth week, Jamie Dimon, the chair and chief executive of JP Morgan Chase, said in his annual letter to shareholders that good US foreign policy should put America first “though not alone”.

Jeffrey Epstein soll sein Vermögen auch mit aggressiven Steuertricks vergrößert haben. Dokumente aus den Epstein Files werfen dabei auch neue Fragen zur Rolle der Deutschen Bank auf.

Exclusive: Bank Policy Institute, representing lenders such as JP Morgan and Goldman Sachs, argues that new licenses could harm US consumers and financial system

Some of the largest US banks are considering suing their financial regulator, arguing that a new raft of licenses for crypto, payment and fintech could put American consumers and the wider financial system at risk.

The Bank Policy Institute (BPI), which represents 40 of the biggest US lenders including JP Morgan, Goldman Sachs and Citigroup, is understood to be weighing its legal options after the Office of the Comptroller of the Currency (OCC) failed to heed repeated warnings from influential banking groups and state regulators over its reinterpretation of federal licensing rules.

The Philomena Cunk star’s life was changed by the Fall and she knows a Spitting Image song inside out. But which haunting banger does she say is the best ever?

The first song I fell in love with
Baggy Trousers by Madness. I remember thinking it was the most brilliant thing I’d ever heard, partly because there was a man in huge trousers suspended from the ceiling playing a saxophone on Top of the Pops. That probably helped. It was hilarious!

The first single I bought
The Smurfs? I think I just asked for it rather than went out and bought it myself because I was three. Apparently I was mesmerised by both Kate Bush and the Smurfs, so I had great taste in music. The first single I bought with my own pocket money was probably I Should Be So Lucky, because I hadn’t become acquainted with the Fall yet.

Reform UK’s Robert Jenrick has announced party’s plans to cut welfare spending

Robert Jenrick, Reform UK’s Treasury spokesperson, is giving his speech now.

He has announced, or confirmed, three measures to cut welfare spending.

The number claiming disability benefits for an attention disorder has more than doubled since Covid. We all know a significant number of these claims are spurious …

We will stop those with mild anxiety, depression, and similar conditions from claiming disability benefits and instead encourage them into the dignity of work.

We will end the abuse of the Motability scheme, where expensive cars are handed out for conditions like tennis elbow, and paid for by working people who can’t afford them themselves.

The final stretch of the JP Morgan Chase chief’s career is a bumpy one, as Trump himself demands prosecutors investigate Epstein’s ties to Dimon’s bank

Key Labour figures have rallied around the prime minister amid speculation over his leadership

Kemi Badenoch has said that Keir Starmer just received a “stay of execution” yesterday. Speaking to reporters on a visit this morning, she said:

[Starmer] is in a very dangerous place. The Scottish Labour leader Anas Sarwar said the quiet bit out loud.

Labour MPs and the Labour party have lost confidence in their leader, but the MPs are too scared of losing their jobs, so they’re not going to call an election, and they’ve given him a stay of execution. The sad thing is that the country is suffering from not being governed at all.

While Trump has attacked the Grammy-winning Puerto Rican star, celebrities have come out in force to support the half-time show

As blue, red and white fireworks filled the sky at the end of Bad Bunny’s Super Bowl half-time show, a message filled the screen in all capitals: “The only thing more powerful than hate is love.”

It was the enduring statement from a 13-minute spectacle that invited an estimated 135.4 million viewers into Bad Bunny’s world, with richly textured references to politics, history and Puerto Rican culture. The artist born Benito Antonio Martínez Ocasio transformed the pitch of the Levi’s Stadium in Santa Clara, California, into his own love letter to the island, with cinematic set pieces including sugarcane fields, a house party, and a lively wedding ceremony featuring a surprise performance by Lady Gaga.

Der verstorbene Sexualstraftäter versuchte 2009 die Kölner Privatbank Sal. Oppenheim zu kaufen. Dabei ging es ihm wohl nicht nur um ein lukratives Investment – er wollte sich offenbar dem Zugriff der US-Behörden entziehen.

Jamie Dimon warns of civil unrest but Nvidia’s Jensen Huang argues tech will create rather than destroy jobs

Jamie Dimon, the boss of JP Morgan, has said artificial intelligence “may go too fast for society” and cause “civil unrest” unless governments and business support displaced workers.

While advances in AI will have huge benefits, from increasing productivity to curing diseases, the technology may need to be phased in to “save society”, he said.

Over the holiday period, the Guardian leader column is looking ahead at the themes of 2026. Today we look at the impact of devolution on growing volatility of party political allegiance

Next year will be pivotal in British politics, and 7 May will be the point around which things pivot. Elections to local councils, the Scottish parliament and the Welsh Senedd will give millions of voters across the UK a chance to express party preferences. Their verdicts could imperil Labour and Conservative leaders. In Wales, Labour might be sent into opposition for the first time since devolution. Plaid Cymru and Reform UK are set to make substantial gains. At Holyrood, the Scottish National party (SNP) is on course for a majority. That would be an extraordinary defiance of political gravity for a party weighed down by nearly two decades of incumbency.

In England, both Labour and the Tories risk losing scores of councillors as their vote shares are gobbled up by the Liberal Democrats, Reform UK and the Greens. Those results will be taken as evidence that Sir Keir Starmer and Kemi Badenoch are failing as leaders. But it would be a mistake to filter the results only through that lens. The fragmentation of national allegiances began much longer ago.

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

Exclusive: It follows calls from US senator Elizabeth Warren to investigate bank executives including ex-Barclays boss Jes Staley

US regulators say they are taking allegations that top banks may have facilitated Jeffrey Epstein’s criminal activity “very seriously”, as they faced calls to investigate executives including the former Barclays boss Jes Staley.

In correspondence seen by the Guardian, bosses from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) said they had reviewed a letter from the Democratic senator Elizabeth Warren, which raised concerns over bankers’ alleged support for the convicted child sex offender Epstein.