Banking
Banking
UK Pay Growth Weakest Since February 2021, Rec Survey Show
Banking
Britain Proposes New Powers for Banks in Fight Against Fraudsters
Banking
In the High-Stakes World of Financial Services, Trust Isn’t Just a Commodity—it’s the Currency.
Banking
Is There a Danger of Over-Regulation Stifling Competition? – Roger Alexander
UK House Prices Rise 0.7% in September, Nationwide Says
Date: September 30, 2024
LONDON (Reuters) -British house prices rose by a higher-than-expected 0.7% in September from August, with the annual growth rate hitting 3.2%, the fastest pace since November 2022, figures from Nationwide Building Society showed on Monday. Economists polled by Reuters had forecast prices would rise by 0.2% on a monthly basis and stand 2.7% higher...
ECB Started Issuing Fine Notices to Banks Not Meeting Climate Expectations
Date: September 25, 2024
NEW YORK (Reuters) – The European Central Bank has started issuing fine notices to lenders not meeting its long-defined expectations on disclosing and managing climate risk, Irene Heemskerk, the head of the ECB’s climate change centre, told Reuters on Tuesday. The ECB has long complained that banks are not meeting its supervisory expectations on...
Basisbank Awarded Best Corporate Bank Georgia 2024 by Global Banking & Finance Review
Date: September 24, 2024
Basisbank has been recognized as the Best Corporate Bank Georgia 2024 by the influential international publication Global Banking & Finance Review at the prestigious Global Banking & Finance Awards®. In addition to this honor, Basisbank has retained its title as the Fastest Growing Corporate Bank Georgia for the second consecutive year. This dual recognition reinforces...
BNP Paribas Signs Deal to Buy HSBC Private Banking Unit in Germany
Date: September 23, 2024
PARIS (Reuters) -BNP Paribas <BNPP.PA> has signed a deal to buy HSBC’s private banking unit in Germany as it continues to expand its footprint in wealth management, the French lender said on Monday. The deal, which BNP said should be closed in the second quarter of 2025, will push the bank’s assets under management...
Bank of England Set to Hold Rates With Bond Sales in Spotlight
Date: September 19, 2024
By Andy Bruce (Reuters) – The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves’ first budget. British inflation held steady in August...
Fed’s Powell: Central Bank Forecasts Don’t Point to Urgent Action
Date: September 19, 2024
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecasts for the path of interest rate cuts don’t imply an urgent process. “There’s nothing in the (Summary of Economic Projections) that suggest the Committee is in a rush to get this done,” Powell said in...