The Latest Breaking News on Financial Services

The Bank of England hits panic button yet again with emergency bond-buying plan

The central bank is attempting to stop tumbling government bond prices causing a market collapse

Manchester Evening News · Oct 11, 2022

Bank of England further boosts gilt-buying programme amid market turmoil

THE Bank of England has said it will further bolster its emergency bond-buying plan as it warned the ongoing rout in the gilts market poses a…

The National (Scotland) · Oct 11, 2022

Bank of England steps in to calm markets AGAIN as Therese Coffey insists pensions are safe

The Bank of England has intervened again to try and calm markets, as it confirmed it will now begin to purchase index-linked gilts, government bonds with interest payments in line with inflation

Daily Mirror · Oct 11, 2022

Bank of England repeats intervention as calls mount for prolonged action

Downing St says Truss sticking to tax cut plans

Financial Times · Oct 11, 2022

Bank of England forced to intervene again after mini-Budget chaos

Bank announces it will widen scope of daily gilt purchase operations

Evening Standard · Oct 11, 2022

Barclays customers to see huge change to how they get money out

It also means people can withdraw less than £10 at a time

Liverpool Echo · Oct 11, 2022

Australia’s big four banks face shareholder ire over funding fossil fuels

Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments

The Guardian - AU · Oct 11, 2022

Rise in UK borrowers falling behind on mortgage payments, says Santander

Boss says bank is putting aside more money for potential defaults linked to cost of living crisis

The Guardian - UK · Oct 10, 2022

Earnings are looking bad. but what’s coming could be even worse

Wall Street is bracing for a rough earnings season as macroeconomic issues weigh on profit margins. But even if third-quarter results aren’t so bad, the bigger fear is what Corporate America sees on the horizon.

Tribune News Service · Oct 10, 2022

GSB unit to offer competitive rates

The Government Savings Bank (GSB) is aiming to enter and compete in the non-bank lending sector by setting up a sister company to better serve those on low incomes.

Bangkok Post · Oct 10, 2022