BoE position on rates unchanged by China
The slowdown in China’s economy has not changed the Bank of England’s stance on when and how it will begin increasing interest rates.
Bank of...
Osborne plans to sell stake in Lloyds “within the year”
Despite panic amid the huge plunge in global stock markets on Monday, UK Chancellor of the Exchequer George Osborne still plans on selling off...
Bank of England could increase interest rates this year
The Governor of the Bank of England indicated on Thursday night that interest rates in the UK could begin to increase by the end...
IMF lowers forecast for global economic growth in 2015 and 2016
The International Monetary Fund (IMF) has downgraded its forecast for global economic growth in 2015 and 2016. It also called for central banks and...
Asian overall debt increased in 2013
At 208% of GDP, Asian overall debt reached a record high in 2013, compared to 192% the previous year. Indebtedness increased across the whole...
Citigroup selling its Japanese retail banking operations to SMBC
Sumitomo Mitsui Banking Corp (SMBC) will be acquiring Citigroup Inc’s Japanese retail banking operations for an undisclosed amount. Retail banking refers to the provision...
HSBC helped rich Belgians dodge taxes, say authorities in Belgium
HSBC’s Swiss-based private banking arm has been accused by authorities in Belgium of helping rich Belgians dodge taxes in the latest of several tax-fraud...
UBS expected to post Q2 revenue of 1.5 billion francs
UBS is expected to announce an increase in quarterly net profit of around 25 percent (year-on-year), according to SonntagsZeitung - citing an anonymous source.
The...
Barclays Biometric Reader scans the veins in your finger
The Barclays Biometric Reader that uses finger vein authentication technology has been launched in the UK. Customers can easily access their online bank accounts...
Rail fares rise ‘three times faster’ than wages over five years
According to a new report, rail fares in the UK have increased nearly three times faster than wages over the past five years.
Since 2010...