The government scrapped a “Tell Sid-style” sale of NatWest share to the public amid fears it could have cost taxpayers up to £450 million. In November, the previous Conservative government
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Standard Chartered bosses say that fears of a China-US trade war under a second Trump presidency are exaggerated. They said the real estate problems in the country were “largely behind
The UK’s largest domestic lender posted a decline in profits for the first half of the year as the interest rate boom that benefited the banking sector faded. Lloyds Banking
Barclays wants the High Court of London to reduce the value of the £560mn lawsuit filed by investors. This is done by excluding the claims made by passive funds regarding
The pound reached a new high against the US dollar, as traders re-wrote their bets about a rate cut by the Bank of England in the next month. The pound
Goldman Sachs’ chief executive hailed “the early innings of a recovery in capital markets and M&A” after the investment firm announced that its quarterly profit more than doubled from the
Lloyds Banking Group is converting disused office buildings into social housing. The UK’s biggest mortgage provider will lay the foundations for a new housebuilding boom following Labour’s victory in the
One of Bank of England’s doveish rate-setters called for interest rates to be cut in order to reduce the cost of living, and because inflation is on a “firm downward
Investors in Britain are anticipating a possible cut in interest rates, and have poured money into equity funds faster than ever before. Calastone’s latest data on funds flows shows that
The couple who built an outdoor theater on their Suffolk farm estate were catapulted to the top of Britain’s Rich List after they made £2bn off the sale of their
The Bank of England warned that millions of UK mortgage holders will soon see their borrowing costs increase. Rightmove reported that the central bank stated more than 3mn home owners
The Bank of England warned that the uncertainty caused by the global wave of election, which will begin this coming weekend, could destabilise the UK financial system. Officials are worried
Andrew Bailey, the Bank of England’s deputy governor, said that it was important to keep interest rates low in order to maintain a low inflation rate. The monetary committee voted
Bank of England will likely leave interest rates unchanged for the seventh consecutive time at its Thursday meeting, despite the fact that inflation has returned to the UK official target
Goldman Sachs warned that tax increases are “inevitable”, as the legacy of quantitative ease from the Bank of England will be felt after the elections. The American Investment Bank has
In an analysis which highlights the appeal of Keir Starmer’s “centrist platform” to the City of London, strategists from the US bank JP Morgan said that a Labour victory would