Bank of England asks UK banks about readiness for negative rates October 12, 2020 The Bank of England has asked UK banks for information about their readiness for zero or negative interest rates, following its announcement last month that it was considering taking rates negative if needed. In a letter today, deputy BoE governor Sam Woods told lenders: “we are requesting specific information about your firm’s current readiness to [...]
The City View: Subpar UK economic figures, and more rate hikes to come May 12, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through the gloomy economic figures released by the ONS this morning measuring the economy’s performance, and explain what this will mean for rate hikes going forward. And in the news: BT has confirmed a joint sports venture with Warner Bros [...]
Crypto Summit LIVE: Updates from the heart of the City September 30, 2021 Day 2 Yesterday, we were treated to keynote talks from Lord Chris Homes MBE, member of the House of Lords, Marcus Hughes of Coinbase and Alderman William Russell, Lord Mayor of The City of London and more! The day was topped off with an awards ceremony held at St Leonardo’s hotel in London. Closing thoughts [...]
Bank of England warns of ‘scarring’ to the UK economy September 2, 2020 Bank of England policymakers have stressed that the UK economy faces big risks in the coming months, saying that the “scarring” could be worse than they predicted in August. Speaking to the Treasury Committee of MPs, governor Andrew Bailey said the Bank’s latest forecasts were highly uncertain. He said it was unclear the extent to [...]
Day One: Summit October 20, 2022 Day 1: Auditorium Wednesday 23rd November 2022 Time Title Speakers 9:30 – 9:40 Introduction James Bowater 9:45 – 10.05 Keynote James Aslett – Head of Education at Binance Charity , Binance Academy 10:10 10:30 Panel Riz Pabani – Head of Partnerships, Cardano Foundatioin 10:30 – 10:35 Official Welcome Rt. Hon. The Lord Mayor of the [...]
Bank of England deputy suggests Brexit deal could see rates rise October 18, 2019 Deputy Bank of England governor Dave Ramsden has said he thinks gradually increasing interest rates could still be the right path if Britain achieves a smooth exit from the European Union. Read more: PM Johnson scrambles to save Brexit deal ahead of key Saturday vote Threadneedle Street has repeatedly struck a more hawkish tone than [...]
Four things to watch as the Bank of England sets interest rates November 4, 2020 The Bank of England’s group of interest rate-setters will announce their latest monetary policy decision tomorrow, albeit virtually. Since the last meeting in September, the government has announced a new month-long lockdown for England amid soaring coronavirus cases. Most analysts expect the Bank to launch more stimulus to support the economy during the winter. Here [...]
FTSE 100 rally cools as Wall Street slips from overnight highs September 3, 2020 The FTSE 100’s rally slowed this afternoon, with London’s premier index trading 0.3 per cent up at 5,957.69 points as of the early afternoon. Optimism that the economy could be in line for further stimulus measures kept the market in the black even as Wall Street slipped from last night’s record highs. The FTSE 250 [...]
Islamic State supporter admits plot to bomb St Paul’s Cathedral February 21, 2020 A supporter of the Islamic State (IS) terror group has today pleaded guilty to plotting to bomb St Paul’s Cathedral and a hotel. Saffiya Shaikh, 36, from Hayes in west London, appeared at the Old Bailey where she admitted preparation of terrorist acts and dissemination of terrorist publications. Shaikh, who was born Michelle Ramsden, had [...]
Sorry! Justin Bieber’s details leaked in huge MGM Resorts hack February 20, 2020 Popstar Justin Bieber and Twitter founder Jack Dorsey are believed to be among 10.6m people who had their data leaked after MGM Resorts was hacked last year. Names, addresses and passport numbers featured among the details stolen from former guests of the chain, which owns a string of hotels in Las Vegas and around the [...]