Bank of England poised to slow bond sale programme Economics The Bank of England is likely to slow its unusual approach to offloading gilts after conceding it had pushed up borrowing costs at a time when government bond yields have hit near-record highs, economists have predicted. The Bank’s Monetary Policy Committee will vote to reduce the pace of its ‘quantitative tightening’ programme from £70bn to [...]
Economists urge Bank of England to halt bond sales as borrowing costs climb Economics The Bank of England should abort its costly approach to unwinding quantitative easing, which is stoking the government’s elevated borrowing costs and costing the taxpayer billions of pounds, a group of analysts and bond investors have said. The government’s long-term borrowing costs have risen to levels not seen this century, amid unease at the country’s [...]
Four charts revealing scale of Andy Burnham’s economic challenge Economics Andy Burnham has harboured ambitions to be Prime Minister for over a decade. But the economy he is inheriting will take the shine off his lofty hopes – just look at these four charts. As he stepped out onto Downing Street for the first time as Prime Minster, Andy Burnham allowed himself to break out [...]
City firms send workers home as heatwave melts London June 24, 2026 City firms have told their workers to stay away from the office this week as London is hit with a record June heatwave. Several multinational companies headquartered in the Square Mile have advised their employees to consider remote work in a bid to dodge the sweltering heat. Banking giant JP Morgan Chase is the biggest [...]
Deutsche Bank hit with six-figure fine in UK for breaching Russia sanctions May 19, 2026 Deutsche Bank has been slapped with a six-figure fine by the Treasury’s financial sanctions body for processing payments that breached sanctions on Russia. The German multinational investment bank has been handed a £160,000 fine after it was found to have authorised two payments linked to a sanctioned Russian firm between the periods of June and [...]
‘Alarming’ lack of private credit understanding in finance bosses May 5, 2026 The elusive nature of the private credit industry has been called further into question with fresh data revealing less than one in five financial services leaders fully understand their exposure to the sector. A fresh report from Big Four firm KPMG has found just 14 per cent of financial services executives believe they are fully [...]
Barclays and Deutsche most at risk to private credit ‘profit blow’ April 14, 2026 Fears that private credit could spell trouble for the global financial system have been further amplified following a new report that forecasts losses associated with the sector could slash profits at top European banks. Banking giants Deutsche and Barclays rank among “most exposed” banks to a private credit reckoning due to their north of three [...]
Hungarian stocks surge as Peter Magyar topples Viktor Orban from power April 13, 2026 Hungarian-listed stocks hit records high in early trading after Prime Minister Viktor Orban was toppled from 16 years in power following a sweeping election defeat. Budapest’s BUX jumped 3.3 per cent upon market open, before settling at a 2.7 per cent gain, trading at 136,481 points, a fresh record high for the index. Gains were [...]
German backers of Olympia redevelopment add new £500m investment March 31, 2026 The German investors behind the redevelopment of Kensington’s Olympia exhibition centre have committed an additional £500m as the consortium refinances the project. Deutsche Bank AG will hand a £900m loan to the consortium behind the project, which includes German pension fund Bayerische Versorgungskammer and insurer Versorgungskammer Bayern. The project is one of London’s biggest regeneration [...]
Deutsche Bank hit with £700m lawsuit in London by former executives March 31, 2026 Four former Deutsche Bank executives have filed a £700m legal action in the High Court alleging the bank conspired to injure them by “unlawful means.” The history of the claim stems from a decade-long saga that began with the Monte dei Paschi di Siena (MPS) scandal, which led to criminal convictions that have now been [...]