Latest in US should support World Bank and IMF, says Bank of England boss
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Bank of England cuts interest rates to 4.5%
The Bank of England has announced an interest rate cut to 4.5%. CBS News foreign correspondent Ramy Inocencio has more on what that means.CBS News - 22h -
Unexpectedly dovish Bank of England decision sends pound and yields lower
The Bank of England on Thursday cut interest rates by a quarter-point, its third reduction since August.MarketWatch - 23h -
Bank of England expects to cut borrowing costs further after rate cut today – business live
UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound sliding. Bank of England cuts interest rates to 4.5% but halves UK growth ...The Guardian - 23h -
Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S.CNBC - 2d -
West Bank? Call It Judea and Samaria, Some Republicans Say.
President Trump’s return has emboldened supporters of Israeli annexation of the occupied territory who want to mandate the use of language reflecting that view. Opponents of annexation say the term ...The New York Times - 2d -
Project 2025's World Bank plan would backfire on America
Project 2025's call for the U.S. to withdraw from the World Bank would be a strategic mistake, as it would allow America's competitors to gain a historic victory. The World Bank needs urgent reform ...The Hill - 2d -
Bank of England expected to cut rates again as UK economy stagnates
Quarter-point reduction forecast even as short-term inflation pressures are set to increaseFinancial Times - 4d -
European Central Bank cuts interest rates to support growth as eurozone economy stagnates - as it happened
Live coverage of business, economics and financial news as ECB cuts main interest rate by 0.25 percentage points in effort to support European economies. It was a flash reading on the Eurozone ...The Guardian - Jan. 30 -
Deutsche Bank chief says ‘nothing is off limits’ as profits plunge
Christian Sewing has ‘firm confidence’ lender will hit returns target this year as it reviews weaker unitsFinancial Times - Jan. 30 -
Bank of England warns of risks in relaxing mortgage limits
Andrew Bailey welcomes ‘open public debate’, but cautions that easing rules could lead to more repossessionsFinancial Times - Jan. 29 -
The Fed is expected to hold rates steady. That will help banks, Moody’s says.
An expected decision this week by the Federal Reserve to keep interest rates steady will help bottom lines in the banking sector, at least in the short term, Moody’s Ratings analysts said.MarketWatch - Jan. 29 -
Remember the U.K. debt crisis under Liz Truss? Bank of England now has a formal process to handle it.
The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.MarketWatch - Jan. 28 -
HSBC to exit parts of investment banking business in UK, US and Europe
Lender to wind down in businesses where it has struggled to compete with rivalsFinancial Times - Jan. 28 -
India's banking sector slump
Also in this newsletter: China is building the world’s largest dam and Ashish Gupta’s mantraFinancial Times - Jan. 28 -
World Bank Warns Colombian Staff Against U.S. Travel After Trump Visa Edict
Several Colombians whose visas were revoked were World Bank employees traveling in the United States at the time. They were deported.The New York Times - Jan. 27 -
A $35 Billion Loan Project, Led by World Bank, Aims to Expand Electricity in Africa
Some $35 billion is aimed at building small solar sites in rural areas and other improvements. The World Bank chief called the project “foundational to everything.”The New York Times - Jan. 27 -
UK Budget fallout adds to Bank of England dilemma on interest rates
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfortFinancial Times - Jan. 27 -
Ohtani’s Former Interpreter Impersonated Him in Call With Bank, Prosecutors Say
An audio recording revealed that Ippei Mizuhara attempted to push through a $200,000 wire transfer from one of the player’s accounts.The New York Times - Jan. 24 -
US securities regulator opens door for Wall Street banks to hold crypto
Securities and Exchange Commission overturns guidance that made it costly to hold digital assets for clientsFinancial Times - Jan. 24 -
Wall Street will stymie Trump’s US oil surge plan, say shale bosses
Output set to rise more slowly under new president than during Joe Biden’s termFinancial Times - Jan. 24 -
Europe bank bosses yearn for M&A as U.S. dealmaking expected to take off
"There are too many banks in Europe for an efficient capital system," one CEO told CNBC at the World Economic Forum in Davos, Switzerland.CNBC - Jan. 21 -
‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics
Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch. It all started in spring 2019, in a secret office on the seventh floor of ...The Guardian - Jan. 21 -
US banks in ‘go-mode’ under Trump, says JPMorgan executive
Wall Street bets that new administration’s lighter-touch regulatory regime will spur dealmakingFinancial Times - Jan. 21 -
Bank of England proposes ‘concierge’ service to welcome foreign firms
Prudential Regulation Authority has been studying rule changes that could boost growthFinancial Times - Jan. 20 -
Exclusive: Outgoing SBA Boss Isabel Guzman Says the Agency Should Remain Independent
In an exclusive interview with Inc., the administrator says it would be a mistake to downsize a billion-dollar agency that has become more efficient at lending.Inc. - Jan. 20 -
Biggest US banks notch up $142bn in profits in blockbuster 2024
Robust performance in trading and dealmaking and strong economy fuel big year for lending giantsFinancial Times - Jan. 17 -
Bank of England delays new capital rules ahead of Trump presidency
Officials push back implementation of new Basel regime until 2027 as they await clarity on US approachFinancial Times - Jan. 17 -
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Bessent says US should increase sanctions on Russian oil companies
Trump Treasury pick tells Senate panel he wants to ratchet up pressure on Putin regimeFinancial Times - Jan. 16 -
UK economy's disappointing November growth fuels the case for Bank of England rate cut
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.CNBC - Jan. 16 -
Ex-England boss Eriksson died heavily in debt
Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over £3.8 million ($4.64 million) following years of financial mismanagement.ESPN - Jan. 15 -
US earnings latest: JPMorgan and BNY set to close at peaks as banks rally
Shares rise in morning trading as Wall Street banks report bumper earningsFinancial Times - Jan. 15 -
Pakistan's premier welcomes World Bank's 10-year funding plan of $20 billion
Pakistan’s prime minister has welcomed the first-of-its-kind agreement with the World Bank under which his country will receive $20 billion in the next decade to invest in renewable energy, ...ABC News - Jan. 15 -
Axos Financial: how the US bank became one of Trump’s biggest backers
The online lender has thrived as it helped extend $400m in loans with its biggest individual investor, Don Hankey. As the dust started to settle after the deadly 6 January Capitol attack in 2021, ...The Guardian - Jan. 13 -
Big US banks set for $31bn quarterly profit as Wall Street business booms
Trading activity boosted in final quarter of 2024 by Donald Trump’s election winFinancial Times - Jan. 13 -
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U.S. companies will need to increase their hedges against a stronger dollar in 2025, says Bank of America
A surging buck can crimp multinational’s profitsMarketWatch - Jan. 9
