Spain’s strongest bank a family affair

Banca March HQ in Palma, Mallorca Photograph: MONTSERRAT T.D EZ/EPA It calls itself a “family bank”, but not because it is after the money of mums, dads or baby-boomers. Banca March, the Spanish bank which topped Europe’s stress tests, actually belongs to a family – the legendary Marches. The bank from the Balearic Islands was [...]

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Metro Bank opens in London

Metro Bank in Holborn, central London will open to the public today Photograph: Toby Melville/Reuters Yorkshire terrier Duffy is yapping away, the silver pillars are being polished and plastic sheeting being torn off surfaces. After two years of preparation, it is a few hours before the opening of Metro Bank, the first new bank to [...]

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UK electric car grant scheme ‘cut by 80%’

The fate of a network of charging points to power low-emission cars also hangs in the balance. Photograph: Leon Neal/AFP/Getty Images A government grant scheme to give motorists up to £5,000 off the cost of a new electric car has been cut by 80%, opposition politicians and green campaigners claimed today. The fate of a [...]

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Criminals could cut sentences by saying ‘sorry’

Crispin Blunt, the prisons minister, wants to take addicts and the mentally ill out of the system and place them in secure treatment centres. Photograph: Graham Turner for the Guardian Tens of thousands of offenders may be able to reduce their sentences by making personal apologies to their victims, under plans for a “rehabilitation revolution” [...]

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