Forget negative rates – the Bank of England should admit it’s hit rock bottom
Third, the less interest deposits yield, the more an individual needs to save in order to sustain a given income....
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Over half of young first time-buyers reliant on the Bank of Mum and Dad
More than half of young first-time buyers need financial support from parents in order to achieve their dreams of home ownership....
Elderly forced to bank online in pandemic
T he speed of the switch from physical to online banking is creating a societal divide just as vulnerable people...
Ignore ‘Chicken Licken’ pessimists, says Bank of England chief economist
Excessive pessimism over the state of the economy risks undermining the recovery and making a tough situation worse, the Bank...
Bank of England official defends negative rates as recovery is ‘interrupted’
A new CBI survey has shown more than three -quarters of businesses want a deal to be agreed, with almost...
Bank of England moves a step closer to negative rates
The Bank of England took another step towards controversial negative rates on Thursday amid rising Covid infections and a looming...
Relief for City as EU extends bank access to London clearing houses
The European Union is to tell its banks that they can continue to access UK clearing houses until mid-2022, allying fears in...
The Bank of England won’t act this week
No inflation surge while households cling to savings Inflation shouldn’t be a barrier to further action either. Empty supermarket shelves...
Brits living in the EU face bank account closure “lottery” because of Brexit
Britons abroad face a current account closure “lottery” as banks start to cut services in EU countries because of Brexit. Britain’s...
Briton Jane Fraser becomes first woman to run a Wall Street bank at Citi
Jane Fraser has been appointed as the new chief executive of Citigroup, making her the first woman and the first...
