Bank of England Governor said that he expects “quite a fall” in the inflation rate to be around the 2 percent target level when the official figures are released on
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Virgin Money UK shareholders will vote on the proposed £2.9billion takeover of Nationwide Building Society next week without having seen the audited results from the last half-year due to delays
After a significant cut in government shareholding, a leading US investor began to pour cash into NatWest after allaying fears of state interference in the bailed out banking group. Los
According to the Bank of England chief economist, high levels of immigration fuel Britain’s housing crises. He blamed skyrocketing rental prices on a lack of properties. Huw Pill claimed that
Banco Sabadell, a Spanish lender, has rejected BBVA’s €12bn bid for its takeover. The proposed deal is “significantly below” the value of its own growth prospects. Last week BBVA made
Retail investors may receive a bonus share of NatWest if hold the stock for more than a year. This is part of plans by ministers to privatise some government shares
The Baltimore Bridge collapse has caused two of the largest players on the Lloyd’s of London Insurance market to announce that they will be affected. Hiscox informed investors that the
Barclay’s Gulf-based supporters are plotting to sell the Very Group, which is the last pillar in their corporate empire. The Abu Dhabi investment company that tried unsuccessfully to buy Barclays
General Catalyst, one of Silicon Valley’s largest venture capital firms, is poised to raise almost $6bn in order to invest in start-ups. This shows that the sector can still attract
In the first quarter of this year, the increased costs and competition in deposits and mortgages slashed the profits at Lloyds Banking Group. The pre-tax profit at Britain’s largest domestic
In its most recent warning, the Bank of England found that some banks were unable to quantify the exposure they have to private equity. The industry, which is worth $8tn,
After the Bank of England chief economist warned against reducing interest rates too early and said that inflation had to be squeezed from the economy, the prospects of an interest
Bank of England warns that mounting pressure on the £6.5 trillion (£6.5 billion) private equity sector could lead to a crunch, which would cause banks to suffer large losses and
Coventry Building Society made a tentative offer of £780m for the Co-operative Bank to its hedge fund owners. This could be the latest takeover among UK lenders. The offer comes
The second largest bank in America wrote off $1.5 Billion of bad loans during the first quarter of this year, due to mounting losses on credit cards as well as
Wise’s fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions made on its platform. Payments company announced that their fourth-quarter revenue had
