Good morning investors, and welcome to my very first newsletter on Substack. I have been motivated to start this weekly transmission for a few reasons.
The Bank of England is hastily evaluating the potential danger of a new financial crisis.
In an effort to prevent the spread of instability following the industry’s most tumultuous week since the 2008 financial crisis, the Bank of England has instructed British lenders to disclose
According to the OECD, the UK is the only major economy, aside from Russia, that is expected to contract this year
The Organisation for Economic Cooperation and Development (OECD) has forecasted that the UK economy, apart from Russia, will be the sole industrialised country to shrink in 2023, even though increasing
UK Bank stocks plummet as fears over US lender spark selloff
Financial institutions in London and across Europe have been hit hard by concerns about the US banking sector, leading to a plunge in stock markets.
The FTSE100 slumped following a rout on Wall Street.
The FTSE 100 suffered significant losses in early trading on Friday due to heavy declines in US stocks, particularly in the banking sector.
To cover losses from the Covid loan scheme, UK banks spent £4.4bn of taxpayers’ cash
To cover fraud and default on the £77bn state-guaranteed loans given to struggling companies during the coronavirus lockdowns, more than £4.4bn worth of taxpayers’ money was paid to British banks.
City of London Tries to Divert Tax Raid on Banks, Chancellor Jeremy Hunt’s claim that “nothing is off the table”
As the UK seeks to plug its funding gap, there are growing concerns in London regarding higher taxes being imposed upon banks.
UK Mortgage Rates Continued to Rise on Monday
Britain’s mortgage prices continued to rise on Monday as Kwasi Kwarteng, Chancellor of Exchequer, prepares to address restless Tory politicians to win back trust in his economy handling.
Share Talk Expected Market Updates For The Week Ahead – 25th October 2021
Next week promises to be busy on the reporting front and with the UK Budget.