Banking

According to a new analysis, the Bank of England's decision of selling back bonds to investors to reduce its balance sheet quickly could cost the government as much as £96 billion over the next few years. The New Economics Foundation…

Over the last year, European governments have sold more than €16bn in bailed out bank stocks as they try to put an end to the effects of the global economic crisis. The government has been able to take advantage of the share price…

According to reports, the founder of Revolut - one of Europe's most valuable technology firms - has sold shares in the company worth up $300m (£230m). Nik Storonsky is the chief executive officer of Revolut. He sold between 40 and 60% of…

The European Central Bank has cut interest rates a second year in a row amid growing concerns over a possible recession in the Eurozone. The 20 central banks that use the Euro lowered their main deposit rate on Thursday by a…

The Bank of England has diluted new capital rules designed to shockproof the banking system against another 2008-style collapse, a move that the Labour government claims will boost their economic growth plans. The regulator stated that…

Investors say that the Bank of England, when it announces its plans to reduce the size of the balance sheet in the coming week, should expand the types of bonds it offers to increase market liquidity. In the last two-and-a half years,…

HSBC has recruited hundreds of bankers in the UK to service wealthy clients as it looks at reducing the competition and taking a bigger slice of the UK wealth management market. The largest bank in Europe is looking to strengthen its UK…

Three people with knowledge of the situation say that the Bank of London board of directors and its new management team did not know about its unpaid tax debts until HM Revenue & Customs submitted a petition on Thursday to dissolve it…

In a controversial decision, the Payment Systems Regulator (PSR) plans to significantly lower the maximum reimbursement for victims of authorised push payment (APP) scams from £415,000 to £85,000. This change follows strong lobbying from…

In a significant development that has impacted the property sector, FTSE 100 company Segro has announced a £552 million all-share takeover of its smaller rival, Tritax EuroBox. This unexpected move could provoke a response from Brookfield,…

The surge in living costs across the United Kingdom has had an uneven impact on various segments of society, with mortgage holders and renters bearing the brunt of the inflation, according to data from the Office for National Statistics…

The UK housing market is gearing up for a bustling autumn season, fueled by the Bank of England's recent interest rate cut, the first since the onset of the Covid-19 pandemic. According to an analysis published by property website Zoopla on…

For the better part of the last decade, Saudi Arabia has attracted dealmakers, bankers, and asset managers seeking capital, largely due to its ambitious sovereign wealth fund embarking on a multibillion-dollar global spending spree.…

The potential takeover of Seven & i by Alimentation Couche-Tard (ACT) indeed represents a significant moment in the global convenience store industry. If the acquisition goes through, it would not only be the largest foreign acquisition…

The UK arm of Grant Thornton, which is Britain's sixth-largest accountancy firm, has attracted interest from major private equity firms CVC and KKR. Sources indicate that CVC, known for owning the La Liga football league, is considering a…

The Norwegian krone has been the subject of much concern lately, as its dramatic decline against major currencies like the US dollar and euro has left politicians, businesspeople, and consumers scratching their heads. The currency's…

SoftBank, the Japanese conglomerate, has been in discussions with Intel, the US chipmaker, about a potential collaboration to produce artificial intelligence (AI) chips that could rival those of Nvidia. However, the talks have recently…

Inflation in the UK rose for the first time this year in July, climbing to 2.2% and surpassing the Bank of England’s 2% target, according to official figures released by the Office for National Statistics (ONS). This increase was primarily…