Bank of England warns that vote to leave EU risks a credit crunch
Financial policy committee also warns of possible run on sterling and higher interest rates for mortgages in boost for remain sideThe Bank of England has given David Cameron a significant boost ahead...
View ArticleBank of England policymaker takes aim at free accounts
Industry’s determination to maintain fee banking allows worse-off to subsidise affluent, says Martin TaylorA senior Bank of England policymaker has issued a scathing attack on two of the mainstays of...
View ArticleFinancial watchdogs need more bite to bring shadow banking to heel
Bank of England boss Mark Carney should listen to those who fear regulators need to do more to stop continued bad practice in the financial sectorBehind the easy-going manner, Bank of England governor...
View ArticleBank of England releases £150bn of lending amid warnings on stability
In Mark Carney’s third statement since the referendum, he relaxes banking sector rules to free up lending to households and businessesThe Bank of England has warned of “challenging” risks to financial...
View ArticleBank of England was warned about Brexit property fund problems
Documents show FCA twice told Bank about potentially serious outflows from commercial property trusts and that funds could be suspendedThe Bank of England was warned of the possibility that commercial...
View ArticleNatWest paves way for introduction of negative interest rates
Bank warns business customers it may have to charge to accept deposits but says it has no plans to do so for personal accountsA major high street bank has paved the way for the introduction of negative...
View ArticleMargaret Hodge: 'The Tories may create tax haven conditions in the UK'
The former chair of the public accounts committee, Margaret Hodge, tells Owen Jones she fears the Conservative government may think the only way for the British economy to survive following the Brexit...
View ArticleUK wages will soon lag behind prices – will the Bank take action? | Larry...
Mark Carney appears unconcerned about inflation, but he will have to justify his inactivity as real incomes fallJudging by his comments, Mark Carney is blissfully unconcerned about inflation rising...
View ArticleUK banks ordered to hold more capital as consumer debt surges
Bank of England brings forward annual stress tests as it grows anxious over lenders’ exposure to consumer creditThe Bank of England is to force banks to strengthen their financial position in the face...
View ArticleHigh street banks 'can cope with disorderly Brexit'
Lenders pass Bank of England stress tests but, for RBS and Barclays, only because they have already raised extra funds High street banks can withstand a disorderly Brexit, the Bank of England has said,...
View ArticleMPs question Bank of England expenses over £390,000 travel bill
FPC members Donald Kohn and Anil Kashyap criticised for spending ‘staggering’ sumThe Bank of England has been criticised after two of its economic advisers spent almost £400,000 on travel expenses in...
View ArticleMark Carney defends 'staggering' Bank of England expenses bill
Governor says context is important and his own two-year bill exceeded £300,000The Bank of England governor has defended his advisers’ “staggering” expenses claims as he revealed that his own bill...
View ArticleBank of England raises alarm over surge in high-risk lending
Central bank draws parallels to 2008 financial crisis in warning about leveraged loansThe Bank of England has issued a stark warning over the rapid growth in lending to indebted companies around the...
View ArticleBank of England to cut staff expenses after £390,000 travel bill row
Allowances made public for first time and policy will come into force in March 2019The Bank of England is cutting meal and hotel allowances for staff after coming under fire over a £390,000 travel bill...
View ArticleTreasury appoints two women to senior roles at Bank of England
Jayne-Anne Gadhia and Colette Bowe chosen after Bank took criticism for lack of diversityThe Treasury has appointed two women to senior roles at the Bank of England following criticism over a lack of...
View ArticleFinancial markets seem lost in the fog of Brexit | Nils Pratley
The Bank’s gloomy forecast sent the pound down but it rose again – despite the threat of recessionMark Carney could just as easily have shrugged his shoulders and declared that, like the rest of us, he...
View ArticleEU banks could face panicky trading after no-deal Brexit
Bank of England calls for measures to prevent markets raising lending costsThe Bank of England has said that the failure of EU regulators to put in place measures to protect continental banks increased...
View ArticleFinancial regulation is costly and complex – time for a big tech solution
Cryptocurrencies, new payment systems and digital banking all signal a financial revolution that needs better oversightBanking supervision teams at the Bank of England “now receive the equivalent of...
View ArticleRishi Sunak's ex-Goldman Sachs boss emerges as next possible BBC chair
Former Conservative party donor Richard Sharp was appointed as chancellor’s advisor in AprilA former Conservative party donor who was Rishi Sunak’s boss at Goldman Sachs has emerged as a contender for...
View ArticleNo-deal Brexit: markets brace for big hit to UK company shares and sterling
Analysts warn if talks end on Sunday without agreement it could trigger a large sell-offFinancial markets are braced for a plunge in the pound and a sharp fall in UK company share prices if a no-deal...
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