[ad_1] The UK government has lifted a moratorium on fracking for natural gas despite widespread public opposition and several previous failed attempts to kick-start a domestic onshore drilling campaign. Jacob…
Tag: BOE
Exclusive: Bank of England approves UBS’s Credit Suisse takeover in UK -sources
[ad_1] LONDON, April 4 (Reuters) – The Bank of England has approved UBS Group AG’s (UBSG.S) takeover of Credit Suisse Group AG (CSGN.S) in the United Kingdom, people familiar with…
Liquidity rules need rethink after Silicon Valley Bank crash, says Carney
[ad_1] LONDON, April 4 (Reuters) – Banking rules introduced following the global financial crisis more than a decade ago need “rethinking” to reflect how quickly cash can exit a lender…
Deutsche Bank no longer sees UK GDP contracting in 2023
[ad_1] April 3 (Reuters) – Deutsche Bank said on Monday it no longer expects UK’s gross domestic product (GDP) to contract in 2023, after revised figures last week showed the…
Brexit hit to British banks still not fully felt, UK finance ministry says
[ad_1] LONDON, April 28 (Reuters) – The hit to the City of London from Brexit has been less severe than initially predicted but may have further to play out, Britain’s…
BlackRock calls on clients to rethink hedging strategy after UK pension crisis
[ad_1] LONDON, March 30 (Reuters) – BlackRock’s (BLK.N) liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to…
BoE’s Bailey says key challenge is to get workers into jobs
[ad_1] LONDON, Aug 5 (Reuters) – Bank of England Governor Andrew Bailey said a key challenge facing Britain’s economy was to get people back into work as the coronavirus pandemic…
BoE plans to overhaul bank capital rules put £44bn in SME lending at risk
[ad_1] Plans to revamp UK bank capital rules risk a 25 per cent cut in lending to small businesses, threatening jobs and economic growth, a new study has warned. The…
UK’s FCA says minded to back Swiss moves to support financial stability
[ad_1] LONDON, March 19 (Reuters) – Britain’s Financial Conduct Authority said on Sunday it was minded to approve Swiss bank UBS’ takeover of Credit Suisse bank, both of which have…
UK finance minister, Bank of England governor in contact over Credit Suisse – source
[ad_1] LONDON, March 18 (Reuters) – British finance minister Jeremy Hunt and Bank of England Governor Andrew Bailey are in regular contact this weekend over the fate of Credit Suisse…