Uk Banks Fear Rush to Remortgage As Lenders Raise Rates Further
Sort by
Date
Items per page
-
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
UK pauses drive to raise minimum wage
Decision will come as relief to businesses after period of rapid increasesFinancial Times - World - United Kingdom -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
AI risk management startup ValidMind raises $8.1M to help banks comply with regulations
ValidMind, a regulatory compliance platform for AI risk management at banks, raises $8.1 million in seed funding to automate model validation and documentation.VentureBeat - Tech - Artificial Intelligence -
Threats, fear and surveillance: how China targets students in the UK who criticise regime
Chinese students tell the Guardian they are scared to return home and worry for their families after being followed and harassed. The first time Liying* realised she was being watched, she was on her way home from an anti-Beijing protest outside ...The Guardian - World - United Kingdom -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashedABC News - World - United Kingdom -
FTAV’s further reading
Silent protagonists; tariff-dodging; tipping; EJMRFinancial Times - World -
Comex Gold Settles 0.04% Higher at $2175.60
Front month Comex gold for March delivery gained 0.04% to settle at $2175.60 per troy ounce.The Wall Street Journal - World -
Twitch to further limit sexual content, again
Twitch is further limiting sexually suggestive content in yet another change to its rules around the subject.NBC News - Top stories -
Chicago business-activity index weakens for fourth straight month in March
The Chicago Business Barometer, also known as the Chicago PMI, weakened further in March, dropping to 41.4 from 44 in the prior month. Economists polled by the Wall Street Journal forecast a 45 reading.MarketWatch - Business -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Barclays bank payments restored after outage
The bank has apologised as some customers experienced issues with payments into and out of accounts.BBC News - Top stories -
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.MarketWatch - Business -
Lawmakers Push Bill to Block the SBA From Expanding Further Into Direct Loans
In the proposal, Senators John Kennedy and Tim Scott cite the SBA's track record with fraud within its pandemic-era lending programs.Inc. - Business -
Diplomats discuss further aid delivery by sea for Gaza Strip
Yahoo News - World -
Supply chain fears after crash
The Francis Scott Key Bridge, which collapsed on Tuesday, spanned the ninth-busiest port in the US.BBC News - Top stories -
A President We Don't Have to Fear
‘Meek’ is far from the worst leadership style.The Wall Street Journal - World -
The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.The New York Times - Business - Federal Reserve -
Rates need to calm down
They’re being too loudFinancial Times - World -
Beware of 'bank jugging' this tax season, police warn
Police are warning the public about "bank jugging" this tax season.The Hill - Politics -
Australia bank CEOs call for a fix to housing shortage
Yahoo News - World - Australia -
China Merchants Bank Gains on Dividend Surprise
China Merchants Bank’s shares rose after the lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected.The Wall Street Journal - World - China -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
Treasury staff worked at bank linked to China state
The Treasury says the secondment scheme deepens ties with Asia and boosts British business.BBC News - Top stories - China -
China’s property turmoil hits midsized bank Everbright
Regional lender’s shares fall after profits miss estimates due to investment losses and increase in cash set aside for bad debtsFinancial Times - World - China -
Nikkei Rises 0.5%, Led by Machinery, Real-Estate Stocks
Japanese stocks ended higher, led by machinery and real-estate stocks, after signs of U.S. economic strength and selloffs related to the ex-dividend date on Thursday.The Wall Street Journal - World -
McCarthy to Johnson: ‘Do not be fearful of a motion to vacate’
Former Rep. Kevin McCarthy (R-Calif.), who was ousted from the Speakership last year, advised Speaker Mike Johnson (R-La.) on Sunday not to be afraid of a motion to vacate. On CBS's "Face the Nation, " McCarthy was asked whether the "chaos" within ...The Hill - Politics -
Obama, Fearing Biden Loss to Trump, Is on the Phone to Strategize
The former president and the current one are now on the same page about Joseph R. Biden Jr.’s political future. It was not always that way.The New York Times - Top stories - Joe Biden -
How to Get Over Your Fear of Flying
Many people are afraid when they get on a plane, and the Alaska Airlines door-plug blowout hasn’t helped. The good news: They have several options to deal with it.The Wall Street Journal - World