UBS reported an unprecedented quarterly profit in banking history following its urgent acquisition of Credit Suisse.
HSBC has launched 40-year mortgage options, while Coventry Building Society reduces its rates.
HSBC is set to introduce a 40-year mortgage option for homebuyers, marking its first foray into offering home loans for such an extended duration.
Bitcoin hit by volatile streak after yesterday trading
Bitcoin (BTC) experienced a day full of dramatic fluctuations in price on Thursday, with BTC/USDT peaking at an impressive US$31,500, yet settling at US$29,895 by midnight — a net loss
The IMF had to revise its prediction of a recession in the UK
The International Monetary Fund (IMF) has revised its previous assertion of a potential recession in the UK this year, raising the country’s growth forecasts for the second consecutive month.
HMRC Plans to Confiscate Bitcoin from Tax Evaders as Part of Crypto Seizure Initiative
HMRC Contemplates Implementing Regulations to Confiscate Cryptocurrency from Tax Noncompliant Businesses
SP Angel Morning View -Today’s Market View, Tuesday 11th April 2023
US dollar falls as IMF warns on return of Ultra-low interest rates
Bank stocks are experiencing a decline as Credit Suisse’s actions trigger concerns of a new crisis.
As Credit Suisse’s largest shareholder rules out injecting additional funds into the troubled lender, concerns over the banking sector have deepened, leading to a decline in the stock markets.
NatWest bank profits surge a third to £5.1bn
NatWest’s profits increased by over a third, reaching £5.1bn in the previous year due to the bank’s intensified mortgage lending and higher income from increased interest rates.
Euro to outperform pound this year, says Morgan Stanley
According to investment bank Morgan Stanley, the euro is expected to perform better than the pound this year due to a key economic indicator suggesting that the European continent will
FTSE 100 reaches new record high as Centrica shares jump
The FTSE 100 achieved a new record high with the help of positive corporate earnings from Centrica and Standard Chartered, while higher commodity prices buoyed miners.
The FTSE 100 slips after poor Barclays results
Barclays’ fall in yearly profit caused shares to fall, resulting in the FTSE 100 edging lower. However, the index’s losses were partially offset by a drop in the pound, as