Top 20 banks set aside £264bn for conduct costs
Conduct costs for the world’s top 20 banks - including fines, legal bills, and compensation for mis-treating customers - hit £264bn in the five-year period ended 2016, according to CCP Research Foundation figures. (Guardian)

Buffett makes $1bn profit on GE stake
Berkshire Hathaway sold down its entire stake in US conglomerate General Electric worth an estimated $315m in the three months ended June, according to a regulatory filing. Billionaire Warren Buffett’s investment firm is understood to have earned a profit of at least $1bn - including dividends - on the GE stake, most of which was received four years ago. (WSJ)