Sun Jun 2, 2024 7:29 PM EDT CNBC Pro: Profits at these five global banks will remain high despite an ECB rate cut, Berenberg says Despite a rate cut expected this week, profits at a handful of major European banks will remain robust, according to Berenberg. One of the lender’s shares could rise more than … Read more
The five biggest banks pay an average of just 1.69% on £10,000 of easy access loans This remains no less than 1.43% behind the rest of the market average Despite new rules requiring them to offer savers ‘fair value’ Britain’s five biggest banks are still failing to offer competitive savings rates despite the Financial Conduct … Read more
His comments come as European Central Bank officials are expected to confirm a rate cut at their meeting today. It will be their first in over five years. READ MORE: Unite strengthens Scottish rebellion against Labor over oil jobs According to the SNP analysis, the decision to keep the base rate at 5.25% in May … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The euro zone will get a much-needed economic boost on Thursday, when the European Central Bank is expected to cut interest rates for the first time in almost five years. The size of the boost … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The Australian government has ordered funds linked to a Chinese businessman to cut their stakes in a rare earths miner, in a sign that control of critical minerals is becoming a political concern. Jim Chalmers, … Read more
National Savings and Investments (NS&I) has increased interest rates on its Direct Saver and Income Bonds accounts and launched a new issue of their UK savings bonds. With the Bank of England’s base rate expected to remain at its current level of 5.25 percent for a little longer, savers can still benefit from high interest … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The European Central Bank has sent a clear signal that it will cut interest rates from their historic highs next week, with its chief economist dismissing fears that this would happen before the US Federal … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. German wages rose at the fastest pace in almost a decade, signaling a recovery in the broader euro zone and raising doubts about how aggressively the European Central Bank will cut interest rates this year. … Read more
Image source, Getty Images Item information Author, Faisal Islam and Nick Edser Role, Economics editor and business reporter, BBC News May 21, 2024 The International Monetary Fund (IMF) has recommended that UK interest rates should be cut to 3.5% by the end of next year. Such a move could see the Bank of England cut … Read more
Hunt attacks Labor and says he is disproving the ‘myths’ that the economy is worse under the Tories Sign up for our breaking news emails for free real-time breaking news alerts sent straight to your inbox Sign up for our free breaking news emails Economists warn the Bank of England could delay a rate cut … Read more