The Bank of England’s decision to raise interest rates this week seems certain as markets react to the unexpected surge in inflation last month.
The Bank of England’s decision to raise interest rates this week seems certain as markets react to the unexpected surge in inflation last month.
In February, UK inflation exceeded expectations by rising to 10.4% from 10.1% in January, defying predictions of a decrease to 9.9%.
According to the US Treasury Secretary, Janet Yellen, the recent turmoil in the world’s financial system can be attributed to “contagious bank runs”.
On Thursday, the Bank of England (BoE) policymakers will make a crucial decision on whether to increase or maintain the current interest rates.
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.
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
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
Shareholders have filed a class action lawsuit against SVB Financial Group, the parent company of Silicon Valley Bank, and two of its top executives over the collapse of the tech-focused
First Republic Bank’s stock has experienced a 60% decline in pre-market trading as the US financial institution attempts to address concerns regarding its liquidity after the collapse of Silicon Valley
In a last-minute move, HSBC has agreed to purchase the collapsed Silicon Valley Bank UK, averting a potential crisis that could have caused chaos in the UK’s tech industry.
On Saturday night, Jeremy Hunt, the Chancellor, was considering intervening to bail out British tech start-ups affected by the bankruptcy of a US bank.