Qatar’s sovereign fund has reduced its stake in Barclays. The UK bank is under pressure to revamp its strategy and improve performance by investors. Qatar Holding, a subsidiary of Qatar
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Lloyds Bank’s chief executive has asked Labour and the Government not to impose a windfall tax in his industry, citing “nervousness”. Charlie Nunn is the chief executive officer of Britain’s
Barclays is considering dropping many investment bank clients to increase profits and reduce costs by £1bn. Barclays’ executives met more than once this year to discuss the restructuring. The codename
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
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
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
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
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
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
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
