NatWest to buy Sainsbury’s banking arm
Image source, Getty Images20 June 2024, 07:50 BSTUpdated 15 minutes agoNatWest is to buy the main banking business of Sainsbury's...
Banking
Japan’s century-old Norinchukin Bank gives warning over losses from higher-for-longer rates
TOKYO – For years, it was best known as Japan’s collateralised loan obligations (CLO) whale – a US$357 billion (S$482...
European markets head for mixed open as UK awaits Bank of England’s rate decision – NBC Chicago
LONDON — European stocks are expected to open in mixed territory Thursday, with U.K. investors looking ahead to the Bank...
stocks, news, Bank of England rate decision
Commuters crossing a junction near the Bank of England (BOE), left, in the City of London, UK, on Wednesday, May 8, 2024. Bank of England policymakers appear the most divided since they brought their hiking cycle to a close last year, illustrating the challenge that Governor Andrew Bailey faces in steering his colleagues toward possible interest-rate cuts in the coming weeks. Photographer: Hollie Adams/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesLONDON — European stocks closed higher on Thursday afternoon as investors reacted to policy rate decisions from three central banks.The pan-European Stoxx...
US urges EU to delay deforestation law
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US has demanded that the EU delay a ban on cocoa, timber and sanitary products potentially linked to deforestation, arguing that it would hurt American producers.The request, made in a letter to the European Commission seen by the Financial Times and dated May 30, comes seven months ahead of the bloc’s planned implementation of the ban.The law would oblige traders to provide documentation showing that imports ranging from chocolate to furniture...
UK interest rates: Bank of England set to hold rates despite inflation hitting 2%
Experts warn interest rates are likely to stay the same despite inflation falling to the 2 per cent target (PA...
Bank of England to keep rates at 16-year high before UK election
LONDON, June 20 — Britain’s central bank looks on course to hold interest rates at a 16-year high of 5.25...
Bank of England Holds Rates Despite Hitting 2% Target
The Bank of England has repeated its previous policy of holding rates, mirroring precisely the Monetary Policy Committee's May 9 vote...
EU moves toward closer banking ties with failed-lenders plan
European Union governments made progress toward forging closer banking ties as they reached an initial agreement on rules that will...
UK inflation hits target for first time in almost three years
4 hours agoBy Tom Espiner, BBC business reporter • Faisal Islam, Economics editor, @faisalislamGetty ImagesInflation has hit the Bank of England's target for the first time...
