The Latest Breaking News on Financial Services

Interest rates to be raised another half of a per cent

THE Bank of England is expected to raise interest rates even higher next week at its next meeting, putting further pressure on mortgages.

The prevailing high inflation and continued interest rate hikes triggered fears of a recession and dampened investor sentiment. Amid such uncertainties, it could be wise to steer clear of fundamentally weak stocks Affirm Holdings (AFRM), Cano Health (CANO), and Faraday Future Intelligent Electric (FFIE). Continue reading….

UK banking giants, insurers and asset managers were among the companies that lifted to the top of the FTSE 100 on Friday.

‘Red tape’ is a revealing concept. To some, it represents bureaucracy (ideally of the foreign kind) ‘gone mad’. Think Brussels directives on the correct angle of a banana – a myth based on EU Commission Regulation No 2257/94 on standards for bananas.

London (AFP) - Britain on Friday launched a post-Brexit plan to relax curbs on its powerhouse City sector introduced after the 2008 financial crisis, denying the reforms will bring about new instability.

Chancellor accused of ‘race to bottom’ to mitigate Brexit damage to sector

Belgian police seized cash and searched 16 properties across Brussels during major investigation into corruption and money laundering

THE Tories are risking a repeat of “the catastrophe of the financial crash in 2008” by cutting back on the safeguards placed on banking in its…