Stay informed with free updates Simply log in to the British inflation myFT Digest – delivered straight to your inbox. Inflation has hit Britain’s target of 2 percent for the first time in three years, giving Prime Minister Rishi Sunak a boost in his efforts to turn around his struggling election campaign. The figure means … Read more
UK inflation has eased to 2%, raising the prospect of a rate cut within months. The consumer price index (CPI) The interest rate for the year to May was confirmed by the Office for National Statistics (ONS) on Wednesday. The figure indicates that prices are still rising, but at the slowest pace since July 2021. … Read more
Stay informed with free updates Simply log in to the European banks myFT Digest – delivered straight to your inbox. Deutsche Bank is banking on an aggressive hiring spree that has added more than 100 investment bankers in the past 18 months to boost revenues and reduce its reliance on bond trading. Since the start … Read more
Sunday June 16, 2024 3:50 PM Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email The Monetary Policy Committee (MPC) left the door open to a rate cut in June at its last meeting in May, but since then a number of data … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The Bank of Japan said it would “significantly” scale back its monthly bond-buying program worth ¥6 trillion ($38 billion), a crucial milestone in winding down its ultra-loose monetary policy and trimming its expansive balance sheet. … Read more
CUSTOMERS at a major bank are furious after being charged twice due to a technical glitch. People have complained to the Co-operative Bank that payments have been debited twice from some small business account holders. Co-op Bank has apologized after payments were debited twice from some accountsCredit: PA:Press Association One irate customer on It is … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shadow Chancellor Rachel Reeves has warned of the “dangers” of overhauling the way the Bank of England pays interest to commercial lenders on their deposits, pouring cold water on an idea that some economists have … Read more
MARTIN LEWIS has issued an urgent warning to millions of Lloyds Banking Group customers over a major change to its accounts. The consumer champion said Lloyds, including subsidiaries Halifax and the Bank of Scotland, are shaking up the way they charge interest on overdrafts. Martin Lewis has issued an urgent warning to customers of Lloyds … Read more
All the windows at the Barclays Bank branch in central Bristol have been smashed and graffiti sprayed over them in a coordinated attack by a group targeting the bank. Palestine Action said its activists smashed the windows of the bank in Broadmead, along with Barclays branches across the country, from Glasgow to Brighton. The group, … Read more
Money saving experts at MARTIN Lewis have issued a warning about changing your bank account. The financial guru’s site has urged customers to be careful as it could look “strange”. Serial switchers looking for freebies can seem suspiciousCredit: Getty Switching banks is a standard practice, but under certain circumstances it can put your credit score … Read more