Banking

Andrew Bailey said that the economic outlook is the worst of all times, and Britain is struggling to increase low levels in growth. The Bank of England Governor expressed concern over UK future prospects, just days after the Office for…

Metro Bank will soon sell a significant portion of its mortgage portfolio to Barclays, after shareholders approved a £925m bailout deal. The troubled lender has been in discussions with potential buyers to offload about £3bn of homeowner…

Lloyds Banking Group is preparing to restructure their business in order to focus more on digital services. A person with knowledge of the situation says that the bank will be reviewing thousands of middle management positions. This…

The European Central Bank warned that bank losses in the Eurozone will continue to rise as high rates of interest hit households, businesses and companies. ECB Vice-President Luis de Guindos stated that lenders are beginning to…

Andrew Bailey warned the markets not to underestimate the UK's persistent inflation, and emphasized that he expects the Bank of England to keep interest rates at high levels for a long time. The BoE Governor told MPs Tuesday that…

A top investment bank warned that the Bank of England’s decision to sell off government bonds costs taxpayers £15bn a yearly and limits Jeremy Hunt’s ability to reduce taxes. Deutsche Bank stated that Threadneedle's decision to…

The scale of the interest rate hikes has not yet been fully felt, so optimism may be short lived. The British economy seems to have escaped a bullet. is not in a recession despite a massive energy price spike last winter,…