This week, the Bank of England is expected to announce its strategy for releasing some of the £895 Billion ($1.1 Trillion) of stimulus that it has provided over the past
Bank of England to Set the Biggest Interest Rate Increase in 27 Years
Three of UK biggest banks forecast to deliver robust profits when they publish half-year results
Three of Britain’s largest banks are expected to report strong profits this week, despite the downturn.
Bank of England warns of biggest interest rate rise in 27 years
Governor Andrew Bailey of the Bank of England suggested that they are poised to announce the largest increase in interest rates in almost 30 years. This was after he rebuffed
All three banks, Natwest, Lloyds and Barclays are set for huge profit drops
The rising costs of staff are also a concern. This week’s report by Goldman on UK bankers receiving £350,000 in bonuses highlights the problem.
UK bank Natwest cuts lending to oil and gas sector
The British bank Natwest (NWG.L.) has cut its lending to clients in oil and gas by 21% in 2021. It plans to reduce it further in efforts to decarbonise the
The Bank of England decided to keep interest rates at 0.1pc and defy markets.
Investors were disappointed that the Bank of England held interest rates steady on Thursday. This would have meant it was not the first major central bank to raise rates following
Banks raise mortgage rates by a third, The Bank of England increase interest rates on Thursday?
In the past few days, many lenders have raised the price of fixed-rate mortgages.
UK: Mortgage rates will “double in a matter of months”
The best mortgage interest rates could increase by next year, as lenders pull the best deals from the market to counter inflationary fears.
UK Bank NatWest Bars Businesses That Accept Crypto
The bank’s head of risk pointed to warnings by the UK Financial Conduct Authority.
British banks handled vast sums of laundered Russian money
Billions of dollars were moved out of Russia in ‘Global Laundromat’ operation, with anonymously owned UK companies playing major role. Britain’s high street banks processed nearly $740m from a vast
