HSBC dished out $19bn to shareholders last year – and there’s more to come in 2024 May 3, 2024 HSBC dished out roughly $19bn (£15.1bn) to shareholders in respect of last year and expects continued strong payouts in 2024, its management has said, as Europe's biggest bank looks to weather economic uncertainity and interest rate cuts.
‘Not convinced’: FCA boss downplays threat of global private equity crisis May 2, 2024 The boss of the Financial Conduct Authority (FCA) has downplayed the threat of private equity to the stability of the financial system despite a volley of warnings from the Bank of England in recent months.
UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes May 2, 2024 "This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates," Chancellor Jeremy Hunt said.
Former Bank of England governor Lord Mervyn King named as next MCC president May 1, 2024 The former governor of the Bank of England, Lord Mervyn King, has been unveiled as the next president of the Marylebone Cricket Club (MCC), home to Lord’s. King, who led Threadneedle street between July 2003 to 2013, called the appointment an ” extraordinary honour”, and will take over from current head, former professional player Mark [...]
Bank of England’s bond purchases could cost taxpayers £85bn April 30, 2024 Following the banking collapse of 2008, the Bank started hoovering up government bonds on the secondary market. The hope was this would lower borrowing costs and stimulate economic activity.
Impact of Bank of England interest rate hikes wanes as mortgage approvals rise April 30, 2024 Bank of England figures showed that net mortgage approvals climbed again to 61,300 in March, slightly above the 60,500 seen in February and roughly in line with economists' expectations.
Why we should be cautious about rising business confidence April 30, 2024 A number of surveys have said that business confidence in the UK is on the up and the economy is set to rebound. But dig a little deeper, the news might not quite be as rosy as it sounds, Chris Dorrell writes
Digital pound could make Treasury billions from seigniorage revenue April 29, 2024 "The government looks set to receive a significant windfall from the introduction of a digital pound in the coming years, which doesn’t seem to have yet factored into debates over ‘fiscal headroom’," Simon Youel, author of the research said.
Bank of England to cut interest rates in August before the Fed, economists predict April 28, 2024 The Bank of England is expected start cutting interest rates in August before the US Federal Reserve, a City A.M. poll of top economists has revealed, as inflation edges back down to the government's two per cent target.
Our helpful advice to the Bank’s ratesetters: please, stop with the speeches April 24, 2024 At the Bank of England, it is now de rigeur for the nine members of the monetary policy committee to contradict each other on the speech circuit.