Global central banks open daily dollar taps to help banks
Top central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world.
Credit Suisse takeover, central bank action calm jittery markets
Moves by authorities to avert a global banking crisis appeared to have lifted market confidence on Monday as investors welcomed emergency dollar liquidity from top central banks and a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group.
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances
Talks over rescuing Credit Suisse rolled into Sunday as UBS AG sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a person with knowledge of the talks said.
Analysis: UK businesses mull moving cash after SVB chaos
British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of U.S.
Bank of England weighs up ending its rate hike run
The Bank of England must decide next week whether to halt its long run of interest rate hikes or push them up again, probably for one last time, despite investor alarm over how banks in the United States and Europe are coping with higher borrowing costs.
UK debt agency treads careful path to sell near-record volume of bonds
Britain is trying to limit the burden on bond dealers as it prepares to sell the highest volume of government debt since the COVID-19 pandemic against a backdrop of turbulent markets, the head of the UK Debt Management Office (DMO) said on Wednesday.
UK budget winners and losers: the pound, gilts and stocks
Finance minister Jeremy Hunt presented less gloomy forecasts for Britain's economy at his Spring Budget on Wednesday.
HSBC's acquisition of SVB UK a 'big sigh of relief' for tech startups
The U.K. Treasury, which facilitated the transaction alongside the Bank of England, said in a statement that the deal would protect the deposits of SVB U.K. clients.
UK pay growth slows as Bank of England mulls rates pause
Growth in pay in Britain - which the Bank of England is watching closely as it weighs up whether to pause its run of interest rate hikes next week - lost pace in the three months to January, official data showed on Tuesday.
HSBC buys US bank SVB's UK arm for 1 pound
The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal ?1 ($1.2) in a rescue deal, the government and HSBC announced Monday.
Bank of England and HM Treasury considers 'digital pound'
Declining cash usage fuels current Bank of England and HM Treasury consultation on a new 'digital pound' before the end of this decade.
Britain battles to limit SVB damage as would-be buyer for UK arm steps in
A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister Rishi Sunak said his government was working to limit any fallout for companies from the bank's demise.
British tech sector 'at serious risk' after SVB collapse: govt
The California-based SVB bank, which was closed by US authorities on Friday, manages the money of some of the UK's most promising businesses.
UK's Sunak says upcoming budget to cut debt, not taxes
British Prime Minister Rishi Sunak said on Friday that his government would prioritise reducing the country's debt over cutting taxes in next week's budget.
Businesses "on their knees" due to energy prices, inflation and wage crisis
Businesses are "on their knees" thanks to energy prices, inflation and the wage crisis, according to Michael Queenan, co-founder and CEO of Nephos Technologies.
UK economic rebound eases recession fear before budget
The UK economy has returned to growth, data showed Friday, easing fears of an inflation-induced recession as the government readies next week's budget against the backdrop of a cost-of-living crisis.
Britain's early retired resist calls to work, despite higher living costs
In their fifties and deciding there was more to life than work, Liz and Ian Woodbridge quit stressful jobs during the pandemic - part of a cohort of British early retirees now resisting a government call to return, despite rising living costs.
Riskier to raise UK rates than not, BoE's Dhingra says
Bank of England rate-setter Swati Dhingra said on Wednesday that it would be prudent not to raise interest rates further, as previous increases in borrowing costs are yet to feed through into an already weak economy.
Britain's Hunt to keep tight budget with eye on 2024 election
British finance minister Jeremy Hunt looks set to keep his grip on public finances in next week's budget, holding off on any big tax cuts or spending increases until the next election comes closer into view.
British labour market, and pay growth, slow in February - REC
Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, reflecting employers' concerns about the economy, a survey published on Wednesday showed.
Recent data reveals UK consumers are experiencing a worrying amount of fraud
Fraud reports increased by 6.5 per cent year-on-year overall, with online shopping and auctions fraud seeing the biggest increase.
Bank of England gives lenders December deadline to improve data on risks
The Bank of England will decide by year end if tougher disclosure rules are needed for banks after the near meltdown in pension funds last September highlighted weaknesses in quantifying risks, it said on Tuesday.
Valentine's Day spending boosts British retail sales in February - BRC
Valentine's Day helped to boost British retail sales in February but volumes remained down on last year as households cut back on non-essential items, a survey published on Tuesday showed.
Bank of England says insurers more likely to fail if capital cut rule goes ahead
Britain's proposals to loosen capital rules for insurers will increase the chances of an insurance company failing by 20% in a given year, the Bank of England has told lawmakers, reiterating its caution over the government's plan.
SoftBank's Arm aims to raise at least $8 billion in U.S. IPO, sources say
Arm Ltd, the British chip designer owned by Japan's SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch.
International Women's Day 2023: How sponsorships have grown in football and cricket
International Women's Day is just round the corner but only two cricket boards pay equal salaries to their contracted male and female cricketers—India and New Zealand.
Women's History Month 2023: Celebrating women storytellers in the UK
Discover this year's theme and locations where you can celebrate Women's History Month in London.
UK businesses plan smallest price rises in a year: BoE survey
British businesses scaled back plans for price rises in February but overall intentions for price and wage increases remain high, according to a Bank of England survey which is unlikely to resolve policymakers' disagreements on the inflation outlook.
Another BoE rate rise isn't inevitable, Bailey says
Bank of England Governor Andrew Bailey said on Wednesday it was possible the central bank had already come to the end of its rate-rising cycle, leading financial markets question whether a rate rise this month is as clear-cut as they thought.
Interest rate rose but so did the demand for steel as the British pound fell against the dollar
S&P 500 sheds 2%, FTSE 100 is expected to open lower, while the UK has seen the British pound fall against the dollar as the government negotiates with the striking public sector.