35 h. ago Bank of Scotland fined for breaching Russia financial sanctions

The bank processed 24 payments to or from a current account held by a sanctioned individual, a Treasury body found.

Economics

35 h. ago Bank of Scotland hit with £160,000 fine for breaching Russia financial sanctions

The payments, made between February 8 and February 24 2023, totalled £77,383.

Economics

4 d. ago Bank policymaker says faster US interest rate cuts could fuel UK inflation

Megan Greene said the Bank may have to react to monetary policy decisions abroad if they have a knock-on impact on UK price rises.

Economics

6 d. ago Savers boosted by new bank launch promising ‘a service that feels human’

A new digital-only offering will be called thisbank

Politics

7 d. ago Bank of England must ‘be very alert’ to Trump tensions, says governor

However, Andrew Bailey also highlighted that financial markets have been ‘more muted’ in response to Donald Trump’s Greenland threats than expected.

Events

8 d. ago UK financial system ‘may not be prepared enough for major AI

The Treasury Select Committee said it had received a ‘significant volume of evidence’ about AI’s risks to financial services consumers.

Politics

8 d. ago Your bank is paying peanuts – this one pays 3.83% and nobody mentions it

If your bank is still paying you around 1% interest, you’re almost certainly losing money – and one fast-growing bank is proving it

Economics

1 week ago Bank of England governor hits out at populism as Trump interferes in US Fed

Andrew Bailey says he and heads of other institutions have duty to ‘challenge back’ populist narrativesBusiness live – latest updatesThe governor of the Bank of England has urge the world’s leading global institutions to fight back against the rise of populism, warning that it represents one of the biggest threats to improvements in living standards.In a thinly veiled response to Donald Trump’s attempts to interfere with the independence of the US Federal Reserve, Andrew Bailey said that he and the heads of other institutions had a duty to “challenge back” populist narratives. Continue reading...

Politics

1 week ago Populism threatens the work of international agencies, Bank of England boss says

Andrew Bailey said the ‘rise of so-called populism makes the whole task harder’ for international agencies.

Economics

1 week ago Cheap Chinese imports to help drive inflation to target, says Bank rate

Alan Taylor sees inflation hitting the Bank’s 2% target by the middle of the year.

Economics

2 w. ago Quarter of developing countries poorer than in 2019, World Bank finds

Global growth ‘downshifted’ since Covid pandemic and sub-Saharan Africa particularly affected, report saysBusiness live – latest updatesA quarter of countries in the developing world are poorer than they were in 2019 before the Covid pandemic, the World Bank has found.The Washington-based organisation said a large group of low-income countries, many in sub-Saharan Africa, had suffered a negative shock in the six years to the end of last year. Continue reading...

Politics

2 w. ago Global central banks offer ‘full solidarity’ to US Fed’s Powell amid Trump threats

Nine governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is criticalBusiness live – latest updatesGlobal central banks have issued an extraordinary joint statement offering “full solidarity” to the US Federal Reserve chair, Jerome Powell, in the face of the latest threat to his independence from Donald Trump’s White House.“The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,” the statement said. Continue reading...

Politics

2 w. ago Global central banks show ‘full solidarity’ to US Fed chairman after threats

Bank of England governor Andrew Bailey was among the 11 central bank leaders to sign the statement of support.

Politics

2 w. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

2 w. ago Persimmon sees home sales beat forecasts but cautions over market outlook

The group expects full-year underlying pre-tax profits at the upper end of the £415 million to £440 million range predicted in the market.

Economics

3 w. ago Deep in the vaults: the Bank of England’s £1.4bn Venezuelan gold conundrum

Nicolás Maduro’s seizure by US reopens question of who controls country’s reserves held in the UKTrump suggests US taxpayers could reimburse oil firmsBusiness live – latest updatesVenezuela live – latest updatesDeep under London’s streets, thousands of miles from Caracas, Nicolás Maduro’s seizure by the US has reopened a multibillion-dollar question: who controls Venezuela’s gold reserves at the Bank of England?After the ousting of Maduro, global attention has largely focused on the South American country’s vast oil wealth – believed to be the largest reserves of any nation in the world. However, Venezuela also has significant gold holdings – including bullion worth at least $1.95bn (£1.4bn) frozen in Britain. Continue reading...

Economics

3 w. ago Cold Weather Payments 2026: how fast is cash paid into bank accounts after snow and low temperatures?

With freezing nights causing chaos across the UK, find out if you could get £25 ❄️

Economics

3 w. ago Why more UK SMEs are reviewing their business bank account at the start of 2026 (aff)

As firms reset budgets for the year ahead, many are discovering their business bank account could be quietly costing them money.

Economics

3 w. ago From Donald Trump to Benjamin Netanyahu, let 2026 be a year of reckoning | Jonathan Freedland

These malign figures will do anything to avoid paying for the harm they have done, but accountability must eventually come to bothIt’s not quite a new year resolution, and it’s certainly not a prediction. Think of it instead as a hope or even a plea for the next 12 months. May the coming year see those leaders who have done so much damage to their own countries, and far beyond, at last be called to account. Let 2026 be a year of reckoning.Start with the man whose reach is longest, by dint of the mighty power he wields. Such is the nature of the US electoral system that Donald Trump, who returned to power less than a year ago, will face the judgment of voters in 10 months’ time. His name will not be on the ballot but, make no mistake, the midterm elections of 3 November will deliver a verdict on the second Trump presidency.Jonathan Freedland is a Guardian columnistGuardian newsroom: Year One of Trumpism: Is Britain Emulating the US? On Wednesday 21 January 2026, join Jonathan Freedla...

Politics

3 w. ago Expert tips dramatic interest rates cut to 2.75% driven by unemployment

The Bank Rate rose as high as 5.25 per cent across 2023 to 2024 before starting its present downward journey

Events