Bank of America Tops Expectations As Higher Rates Help Offset Declines in Investment Banking
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Are the Bank of England’s external rate-setters pointless?
With charts, data and vibes, we will prove: eh, probably not, but maybe more than they used to beFinancial Times - Business -
Bank of Mexico Leaves Benchmark Rate Unchanged at 11%
After cutting rates at its last meeting, the central bank voted unanimously for a pause as inflation edged higher in April.The Wall Street Journal - World - Mexico -
Bank holds rate but says it's 'optimistic' things moving in right direction
The governor of the Bank says it needs to "see more evidence" of falling inflation before cutting the base rate.BBC News - Top stories -
Bank of England holds rates, stresses June cut depends on coming data
The Bank of England held interest rates as expected and said restrictive monetary policy was taming inflation, but warned a June rate cut was not a done deal.CNBC - Business -
Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.CNBC - Business - United Kingdom -
FTSE 100 hits fresh record as Bank of England signals summer rate cut
The prospect of lower borrowing costs helped push U.K. stocks to a fresh record high on Thursday.MarketWatch - Business -
America's debt tops $34 trillion, but commission to address it looks dead in Congress
A promising start has given way to challenging political realities for supporters of a bipartisan commission to tackle the federal government’s growing debt challengesABC News - Top stories -
Bank 'optimistic' as it edges closer to summer cut
Its comments came as UK interest rates were left unchanged at a 16-year high of 5.25%.BBC News - Top stories -
Bank of England boss weighs in on UK economy row
Andrew Bailey told the BBC the recession was "mild" as figures on the economy are released Friday.BBC News - Top stories - United Kingdom -
‘One hundred banking hubs to be open this year’
Cash Access UK makes pledge after criticism over speed of rolloutFinancial Times - World - US Open -
Poor labour market data causes problems for Bank of England
Gaps make it much harder to tell how fast inflationary pressures are recedingFinancial Times - Business -
Société Générale among French and UK banks pulling back from Africa
Institutions had touted Africa as a growth market that would bolster their sustainability credentialsFinancial Times - World - United Kingdom -
Banks breaks from the Senate GOP's well-heeled candidate trend
Politico - Politics