Birmingham City Council effectively declares bankruptcy and stops all but essential spending
Europe's largest local authority confirmed it had issued the declaration that it cannot balance its books without government intervention.
UK housing market faces steepest annual price drop in 14 years
The abrupt increase in mortgage rates in recent months has been a response to the Bank of England's actions, which have raised interest rates 14 times since December 2021.
Glitch causes chaos as Bank of Ireland customers withdraw cash exceeding balances
Bank of Ireland's glitch allowed customers to withdraw cash exceeding their balances, causing chaos and police presence at ATMs around Ireland and leaving individuals unable to access their online banking services.
Bank of England raises UK interest rates to a record 5.25%
The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.
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Bank of England warns of rising mortgage payments and potential struggles for UK households
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Growing demand for shared banking hubs as 39% of people can't manage accounts online
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Digitisation of consumer finance is getting closer to disrupting the resilience of traditional players
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UK businesses prepare for turbulence as government raises interest rates
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Five banks under CMA Investigation for breaching UK competitive bonds law
The banks named in the recent report are Royal Bank Of Canada, HSBC, Deutsche Bank, Citi and Morgan Stanley. These banks allegedly participated in a series of one-to-one conversations in chatrooms, where they divulged sensitive information to traders.
City leaders in fresh bid to stem London Stock Exchange exodus
Against a backdrop of some high-profile departures from the British stock market, a new Taskforce brings together various stakeholders to brainstorm solutions.
Yellen warns of 'chaos' if US fails to raise debt ceiling
The ceiling on US public debt is legally fixed and can be raised only by passage of congressional legislation signed into law by the president.
UK bank Barclays profits from rising interest rates
The Bank of England and its global counterparts have ramped up interest rates to tackle sky-high inflation.
Traders Union Experts Name The Best Forex Brokers in UK
There is a huge number of brokerage companies operating in the UK.
Around 50% of UK retail investors lack knowledge about ETFs and IFISAs
A recent study shows that numerous UK investors are unaware of tax-efficient investment options such as ETFs, IFISAs and other products beyond traditional ISAs.
How is the UK's rising inflation impacting the cost of living crisis?
The Office for National Statistics reported that the "prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to February 2023."
Ways employers can support their employees as real wages continue to fall
As both businesses and individuals suffer from the high cost of living and inflation of 10.4 per cent, employers can support their employees in many ways without breaking the bank.
US economic data displays further signs of weakness
Analysis from Swiss online leading bank, Swissquote, has provided insight into the US financial markets ahead of the US jobs data coming out on Good Friday.
UK residents can save up to £60,000 per year on their pensions
From ISAs to pensions, VCTs to EISs, Madeleine Ingram, Director at Calculus, shares how UK individuals can make tax-efficient investments amid the fair of a coming recession.
Analysis-HSBC, Goldman gender pay gaps widen in UK as finance makes slow progress
HSBC, Goldman Sachs, Morgan Stanley and Standard Chartered reported a widening in the gap between what they paid women and men in 2022, according to data reviewed by Reuters.
US welcomes World Bank reforms, pushes for more ambitious changes
The United States on Monday welcomed plans by the World Bank to boost its annual lending by $5 billion to address global challenges including climate change over the next 10 years, but said it was pushing for more ambitious changes soon.
Is Saudi Arabia's Vision 2030 possible?
The Financial Sector Conference 2023, hosting 3,000 visitors and 60 plus speakers, focused heavily on Saudi Arabia's Vision 2030, with talks of SVB's collapse and women inclusion in the workforce highly present.
Swiss prosecutor probes Credit Suisse takeover
Switzerland's Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the office of the attorney general said on Sunday.
Consumer Sentiment Analysis Reveals the Best U.S. Business Banks
Rapid technological advances and fast-changing consumer behaviors have forced retail...
Yellen rejects World Bank capital increase; no challengers to U.S. nominee to lead lender
U.S. Treasury Secretary Janet Yellen on Wednesday rejected the idea of a near-term capital increase for the World Bank
UK household debt surpasses £2 trillion amid soaring cost of living
Household debt exceeds £2 trillion for the first time in UK history. As consumers struggle with the skyrocketing costs of living, financial literacy hits rock bottom.
Banking rebound remains fragile as regulators review response to failures
Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny.
UK treasury official sees no immediate concerns on UBS-Credit Suisse deal
Britain's No. 2 Treasury official said on Tuesday that he does not have any immediate concerns about the execution of Switzerland's Credit Suisse rescue by UBS but will monitor the deal closely, reiterating that UK banks are "very resilient."
More people are taking advantage of Buy Now Pay Later services
Recent data from Adobe Analytics shows the growth in the demand for online home furnishing and groceries shopping, by shoppers leveraging on Buy Now Pay Later.
Yellen tries to assuage investor fears as bank stocks slide
U.S. Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any crisis even as bank stocks resumed their slide on Thursday.
Dollar falls for sixth day as central banks join Fed in raising rates
The dollar headed on Thursday for its longest losing streak in 2-1/2 years after the U.S.
Bank of England raises rates, says inflation set to fade
The Bank of England (BoE) raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its run of hikes.
Stocks mixed after more interest rate hikes
Wall Street bounced but European markets wobbled Thursday as investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening following turmoil in the banking sector.
Swiss National Bank raises rates, says Credit Suisse takeover prevented larger crisis
The Swiss National Bank raised its benchmark interest rate by 50 basis points on Thursday and said UBS's takeover of Credit Suisse had averted a financial disaster, adding it was now critical the merger took place in a smooth and fast way.
UK Workers remain divided over Hunt's Spring Budget announcements, new survey shows
A recent survey reveals that the UK workforce is divided over Jeremy Hunt's Budget announcements, with the CEO of CV-Library stating that "personal finances remain the key driver for the overwhelming majority".
UK divorce law review criticised for failing to consider cohabiting couples
The UK government's review of the divorce laws on financial assets has been criticised for not considering the rights of cohabiting couples who might have "sacrificed" themselves financially by primarily taking care of their children.
Credit Suisse tells Hong Kong clients to 'embrace new reality'
Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an upscale Hong Kong hotel on Tuesday for a glitzy investment conference where they were told to "embrace the new reality".
Investment analysis expert reveals surprising similarities between young and old investors
Emma Wall of Hargreaves Lansdown reveals younger investors are more interested in tech investments while the older generation are more likely to invest in pharma companies.
Uncertainty reigns as Fed considers interest rate hike
Traders and economists remain split on whether the Federal Reserve will raise its benchmark policy rate on Wednesday.
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