HSBC fined £57.4m by Bank of England over historic depositor protection failings January 30, 2024 The regulator said that among its failings, HSBC incorrectly marked 99 per cent of eligible beneficiary deposits as being “ineligible” for protection under the Financial Services Compensation Scheme (FSCS).
Bank of England to leave interest rates on hold as UK economy teeters on brink of recession January 29, 2024 The Bank of England will likely leave interest rates on hold for the fourth time in a row when it meets on Thursday this week, economists have said, as the UK economy teeters on the brink of recession.
Central banks to take centre stage in busy week for markets January 28, 2024 Central banks will be back in focus this week with investors awaiting rate decisions from both the US Federal Reserve and the Bank of England.
Digital pound: Ensuring privacy a ‘core design feature’ of Britcoin, Bank of England says January 25, 2024 CBDC is a digital form of cash which will be created by the Bank of England, unlike existing digital payments which are created through the private sector.
Bank of England survey: Default rates continue rising in 2023 – but at slower pace January 18, 2024 According to bank responses to the Bank of England's quarterly credit conditions survey, default rates on secured lending - which includes mortgage lending - increased in the final quarter of 2023.
Why December’s inflation surprise is not a moment to panic January 17, 2024 How worrying are December's inflation figures for the Bank of England? And what does it mean for when interest rates will start being cut?
Inflation picks up to surprise four per cent on higher tobacco prices January 17, 2024 The figures come just a day after new data showed that wage pressures had eased significantly in the second half of last year.
How will the Bank of England change its approach on interest rates after wage growth falls again? January 16, 2024 Annual wage growth of 6.5 per cent may still sound like a lot, but a look underneath the hood suggests that wage growth is slowing fast.
Bailey: Household finances ‘nowhere near as stressed’ as during financial crisis January 10, 2024 Bailey pointed to a couple of mitigating factors which had protected households from the rise in interest rates.
Banks at risk from exposure to ‘opaque’ private equity sector, regulator warns January 9, 2024 Benjamin, who will be joining the Bank of England's Financial Policy Committee (FPC), noted that UK businesses now get as much funding from the non-bank sector as from traditional lenders.
