The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor interest rates, Britain's Financial Conduct Authority (FCA) said on Wednesday.
Britain plans to make "buy now, pay later" (BNPL) companies carry out affordability checks, gain approval by the Financial Conduct Authority (FCA) and ensure adverts are fair and clear, the government said on Monday, in measures to regulate the sector.
British finance minister Rishi Sunak has toughened his language towards Bank of England Governor Andrew Bailey, a reflection of the political pressure piling on them both as inflation surges towards double digits.
Barclays Head of Macro Trading for EMEA and Asia Pacific, Nat Tyce, is leaving after more than 25 years, a staff memo seen by Reuters shows, after transforming the trading unit into one of the bank's highest-flying divisions.
World stocks plummeted again on Thursday and government bonds hovered near multi-year highs after a series of rate rises from global central banks rekindled fears that aggressive policy tightening could drag economies into recession.
Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits.
The Bank of England looks set to override its worries about a sharp slowdown in the British economy and raise interest rates again on Thursday as it tries to tackle an inflation rate on course for double digits.
The International Monetary Fund expects to further cut its forecast for global economic growth in 2022 next month, an IMF spokesperson said on Thursday, following moves by the World Bank and Organization for Economic Co-operation and Development (OECD) to cut their own forecasts this week.
The ECB is lagging behind the central banks in Britain and the United States, which have moved aggressively to try to stamp out inflation.
Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when the stock market hovered near bear territory on disappointing earnings and worries about aggressive rate hikes, investors and fund managers said on Thursday.
The dollar index was at 101.08 on Monday morning, just shy of a two-year peak of 101.33 hit on Friday.
One of the first direct consequences of Brexit, the move by UK lenders to shut expat services is said to affect tens of thousands of people across Europe.
The tech sector has been a consistent bright spot amid the severe coronavirus downturn in the United States.
A sex party start-up company valued at £11.5 million gets funding from UK government's Future Fund campaign
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Johnson plans to pass a law guaranteeing that Britain's Brexit transition period cannot run beyond the end of 2020.
The key poll released late Tuesday showed Johnson's lead over veteran socialist Jeremy Corbyn's Labour party ebbing away.
Several financial entities broke ties with Fisher Investments, which manages some $112 billion.
Lawmakers voted to force Johnson to ask the European Union for another Brexit delay.
Stock markets elsewhere were mixed, while the pound rose following a topsy-turvy session on shifting Brexit sentiment.
Sterling surged more than one percent to as high as $1.2698
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In the aftermath of Britain's vote to leave the EU in June 2016, many experts had warned that Britain's financial services industry would see hefty job losses.
ING has paid 775 million euros for failure to implement a law aimed at preventing money laundering and the financing of terrorism.
Goldman Sachs said veteran investment-banker would succeed Lloyd Blankfein as chief executive Oct. 1.
Deutsche Bank's new chief executive Christian Sewing admitted the effects of bad "newsflow" had undermined staff morale.
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Open Banking or PSD2 will enable third parties outside the traditional banking world to access customer data
