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Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.Business - The New York Times - 13 hours ago -
Interest rates cut but Bank hints fewer falls to come
Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.Top stories - BBC News - November 7 -
Bank of England cuts interest rates to 4.75%
Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecastWorld - Financial Times - November 7 -
Senior UK bankers to receive bonuses faster under new rules
Bank of England proposes relaxation of restrictions dating from financial crisisBusiness - Financial Times - 22 hours ago -
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.Top stories - The New York Times - November 7 -
This bank account is paying 5.25% right now as interest rates surge
Big rises in yields in recent weeks are good for savers.Business - MarketWatch - October 30 -
Switzerland is now flirting with deflation, causing a dilemma for its central bank
Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.Business - CNBC - October 31 -
Bank of Mum and Dad: why we all now live in an ‘inheritocracy’
Family wealth dictates our life choices. So is the Bank of Mum and Dad now behind so many of society’s growing inequalities?. You know the Bank of Mum and Dad when you see it: it’s your friend who ...World - The Guardian - November 17 -
Bank of England cuts UK interest rates again despite modest budget-related inflation spike
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%World - ABC News - November 7 -
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation fallsWorld - ABC News - November 7 -
UK must rebuild post-Brexit relations with EU, says Bank of England boss
Governor Andrew Bailey delivers his strongest comments yet on the UK's departure from the EU.Top stories - BBC News - November 15 -
UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.Business - CNBC - November 20 -
Traders trim Bank of England rate cut bets after U.K. inflation rebounds
The chances of another rate cut this year by the Bank of England has diminished after data showed an acceleration in the pace of Britain’s inflation last month.Business - MarketWatch - 6 days ago -
Aston Martin taps shareholders for cash after latest profit hit; Trump’s trade tariffs ‘threaten economic growth’ – business live
Rolling coverage of the latest economic and financial news. Trump’s tariff threat sets stage for bitter global trade war . Trump’s tariffs will lead to higher prices in the shops, and ...World - The Guardian - 17 minutes ago -
Here’s why Wall Street’s previously most bearish bank now sees the S&P 500 hitting 6,500 in 2025
Rate-cutting central banks and more AI-related spending should support U.S. stocksBusiness - MarketWatch - 14 minutes ago -
Never mind what Rachel Reeves did long ago at the Bank of England: what claims do you make on your CV? | Emma Brockes
The chancellor is said to have ‘rounded up’ her years of service. But if she did plump up her working achievements a bit, who hasn’t?. There are lies, evasions and manipulations by politicians ...World - The Guardian - 6 days ago -
‘I have little faith in the world right now’: My husband died after a long illness and our joint bank account was frozen. How could this happen?
“Am I still the joint owner of this account?”Business - MarketWatch - October 31 -
‘I believe she made a big mistake’: My wife put her paycheck into a bank account with her inheritance. Do I now own 50% of those funds?
“I’m still working, and we’ve always filed joint tax returns.”Business - MarketWatch - November 2 -
UK banks deserve a place in the sun
Third-quarter results underscore their low sensitivity to interest ratesWorld - Financial Times - October 29 -
The West Bank Is on the Edge of Economic Collapse
After over a year of war, the economy in the occupied West Bank is being choked off by restrictions on Palestinians’ movements in the territory, the cancellation of work permits in Israel and ...World - The Wall Street Journal - November 5 -
Harris phone banks on Election Day
Vice President Kamala Harris spent Election Day phone banking and thanking her staff at Democratic headquarters in Washington D.C. Nancy Cordes reports.Top stories - CBS News - November 5 -
HSBC’s investors should not bank on its latest overhaul
Grand global restructuring announcements have been all too familiar from the lender over the past decadeBusiness - Financial Times - October 29 -
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Giants to stick with Banks, Jones amid struggles
After coming under fire again for questionable play, Giants CB Deonte Banks will start vs. the Commanders after being benched, while Daniel Jones will remain QB1.Sports - ESPN - October 29 -
Trump’s victory sets up traps for central banks
The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off againWorld - Financial Times - November 7 -
British banks face an expensive motor finance crash
Giving dealers incentives to increase loan interest rates for car buyers could be ruinous for lendersWorld - Financial Times - November 8 -
Deutsche Bank takes a bite out of Greggs
Wages up, margins downBusiness - Financial Times - November 8 -
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Druckenmiller poured into regional banks in the third quarter
Stanley Druckenmiller made a big bet on regional banks in the third quarter, that’s likely paid off after a Republican sweep in the elections.Business - MarketWatch - November 15 -
The drama and farce of the Baker Street bank heist
In 1971, a group broke into a bank vault - but the plan was nearly brought down by a radio ham.Top stories - BBC News - November 17 -
Treasury imposes sanctions on Russian banks, financial officials
Russia’s third largest bank, Gazprombank, and its subsidiaries were hit with U.S. sanctions on Thursday, making it the largest bank not already targeted as the Russia-Ukraine war nears its three ...Politics - The Hill - 5 days ago -
What are banks doing with your financial data?
Your transactions reveal a lot about you as a person — it could be valuable informationWorld - Financial Times - 5 days ago -
Citigroup slashes promotions as it seeks to overhaul bank
As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous roundsBusiness - Financial Times - Yesterday -
Mistakes remain but England friendlies valuable
After edging out South Africa in a friendly, manager Sarina Wiegman says "football is a game of mistakes" and England want to have "as few of them as possible".Top stories - BBC News - October 29 -
Marler retires from England 'dream bubble'
England prop Joe Marler retires from international rugby having won 95 caps.Top stories - BBC News - November 3 -
Will Lawrence switch improve England's attack?
England hope switching Ollie Lawrence to outside centre against Australia will enable the Bath star to bring his ball-carrying power to the fore on Saturday.Top stories - BBC News - November 7