Two-thirds of British companies anticipate no significant impact from US tariff policies, according to the latest Bank of England decision-maker survey. The June report reveals that merely 29 per cent
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In a significant development within the financial sector, Standard Chartered Bank is confronting a massive $2.7 billion lawsuit related to the infamous 1MDB scandal. The legal action, filed in Singapore’s
Spanish banking giant Santander has emerged victorious in the race to acquire TSB, securing a £2.65 billion cash deal with current owner Sabadell. The acquisition, which outmanoeuvred a competing bid
Growing evidence suggests the UK jobs market is experiencing a notable slowdown as employers adjust to increased national insurance contributions by reducing recruitment and offering lower wage increases, according to
The Bank of England’s Governor Andrew Bailey has emphasised that interest rates will see reductions this year, whilst downplaying the significance of global events, including tariffs and Middle Eastern conflicts,
The Bank of England’s Governor, Andrew Bailey, has delivered a robust defence of the central bank’s quantitative easing (QE) policies against accusations from Reform UK that the programme represents a
The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain interest rates at 4.25%, with six of its nine members favouring the status quo whilst three pushed for
The Bank of England stood firm on Thursday, maintaining interest rates at 4.25 per cent whilst other major central banks across Europe opted for rate reductions. The monetary policy committee’s
British inflation decelerated to 3.4 percent in May, marginally missing economists’ expectations of 3.3 percent, as declining transport costs and petrol prices helped offset rising food inflation. The Office for
Two Spanish banking powerhouses are engaged in discussions regarding the potential merger of their UK operations, signalling a significant shift in Britain’s banking landscape. Banco Santander has reportedly approached rival
The US Federal Reserve has maintained interest rates and signalled two potential cuts this year, amidst mounting pressure from President Trump for monetary easing. The central bank held its benchmark
The British banking sector is witnessing unprecedented levels of merger and acquisition activity, with Santander UK, TSB, and Metro Bank all becoming subjects of intense takeover speculation. Metro Bank shares
Shares in troubled high street lender Metro Bank rocketed more than 18% today following reports of a potential takeover approach from private equity firm Pollen Street Capital. The stock surged
The Bank of England’s Monetary Policy Committee (MPC) is poised to maintain its cautious stance at this week’s meeting, with interest rates expected to remain at 4.25 per cent. Since
Gold has officially surpassed the euro to become the second-largest global reserve asset, following the US dollar, according to a recent report by the European Central Bank (ECB). Rising geopolitical
The Bank of England has reported a substantial increase in the volume of banknotes in circulation as UK households resort to hoarding cash during times of heightened economic and global
