4 h. ago Bank watchdog boss says ‘plenty to worry about’ including AI bubble risk

Sam Woods also told City bosses and top bankers that potential US banking reforms would be ‘highly risky’.

Economics

15 h. ago UK inflation unexpectedly holds steady and bolsters hopes of November rate cut

Inflation in the U.K. has unexpectedly held steady in the year to September, according to official figures released Wednesday

Economics

16 h. ago Bank of England boss warns 'shadow banking' has echoes of the 2008 financial crisis

Bank of England governor Andrew Bailey (pictured) said 'alarm bells' were ringing over risky lending in the unregulated private credit market.

Events

18 h. ago Alarm bells ring over risky lending: Bailey orders stress test into 'shadow banking' amid fears of a new financial crisis

Bank of England governor Andrew Bailey (pictured) said 'alarm bells' were ringing over risky lending in the unregulated private credit market.

Events

35 h. ago Bank should take concerns over private finance ‘very seriously’, says Bailey

The Governor of the central bank also confirmed that the Bank is planning to run a ‘stress test’ with private equity and credit firms.

Economics

4 d. ago Brexit impact on UK economy will be negative for foreseeable future, Bailey warns

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

Events

4 d. ago Brexit impact on UK economy ‘negative for foreseeable future,’ Bailey says

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

Politics

5 d. ago Top Bank of England economist dents hopes of interest rate cuts due to 'stubborn' inflation

Chief economist Huw Pill said rates will probably need to be cut more slowly. The warning came with inflation in the UK the highest in the G7 at 3.8 per cent.

Economics

5 d. ago Bank of England’s top economist calls for ‘more cautious’ interest rate cuts

Huw Pill, chief economist at the Bank, said in a speech in London that he ‘would expect further cuts’ in the coming year.

Economics

7 d. ago Reeves faces Budget ‘groundhog day’ without bold action, says IFS

The think tank said it expects the Chancellor will need to find at least £22 billion next month.

Politics

8 d. ago ‘Rising’ risk UK economy will fall into negative growth, says Bank’s Taylor

The rate-setter said he thinks the likelihood of a ‘soft landing’ following the recent uptick in inflation is now receding.

Economics

8 d. ago Wage growth slips back as jobless rate hits highest since 2021 – ONS

The ONS said there were signs of the jobs market downturn ‘levelling off’, with a rise in UK workers on payrolls, up 10,000 between July and August.

Events

9 d. ago Fresh fears for homeowners and buyers as mortgage rates creep back up

Average two and five-year fixed mortgage rates have risen for the first time in months

Economics

9 d. ago Global financial system susceptible to shocks, Bailey warns G20

Andrew Bailey, chairman of the Financial Stability Board, the fiscal risk watchdog for the G20, urged greater multilateral co-operation.

Events

9 d. ago Worry for homeowners as average mortgage rates rise for first time since February

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

Politics

9 d. ago Average mortgage rates rise for the first time since February

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

Politics

1 week ago Rare £5 Bank of England note goes on sale – its value is staggering

The rare Bank of England note, thought to date back to around 1892, is thought to have come from a branch in the West Midlands

Economics

1 week ago Rare £5 Bank of England note goes up for sale and the valuation is jaw

The 133-year-old five pound note, that dates back to May 5, 1892, has now gone up for sale for a staggering £25,000 - 5,000 times more than its original worth

Economics

1 week ago Klarna boss says AI has let it cut workforce in half and boost staff pay

Sebastian Siemiatkowski said there is a ‘massive shift’ coming to society as a result of AI.

Economics

1 week ago Watch out for black swans: The trigger for financial crashes rarely is predicted by watchdogs, says ALEX BRUMMER

These are tense days for capital markets with warnings from the Bank of England and International Monetary Fund over inflated AI valuations.

Events