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global financial crisis

  • Bank of England: UK economy risks ‘large and overlapping’ shocks

    Economics

    The Bank of England has issued a major warning that the financial system is facing increasing risks of “large, frequent and potentially overlapping shocks” amid the volatility from the Middle East war‘ and ongoing market risks’s impact on energy and global markets. In the latest meeting of the central bank’s Financial Policy Committee top officials [...]

    The Bank of England has revealed its latest interest rates decision.
  • For FSCS sake: Meet the body that protects Britain’s savers in a financial crisis 

    Banking

    As echoes of 2008 percolate through the banking system, the body that serves to protect Britain in a financial crisis says it’s ready to weather any storm. A combination of fears around private credit, the “stretched” value of artificial intelligence firms and more recently, concerns around a global energy shock, have made top bankers sound [...]

    FTSE 100 banking stocks are back in 2024, with Natwest and Barclays leading the charge
  • Ex Goldman chief: I smell another financial crisis

    Banking

    Goldman Sachs’ top boss throughout the 2008 financial crisis has sounded the alarm that the global economy was drawing closer to another crash. Billionaire investment banker Lloyd Blankfein, who served at the helm of Goldman from 2006 until 2018, said: “I don’t feel the storm, but the horses are starting to whinny in the corral.” [...]

    Lloyd Blankfein, former Goldman Sachs CEO, speaking on current financial trends at a business conference.
  • Adair Turner: Crypto? It’s like buying tulips in 1635

    November 7, 2025

    As chair of the FSA at the height of the 2008 financial crisis, Adair Turner knows all about the anatomy of a global crash. Over 15 years on, exuberance in AI and opaque private credit markets have set warning systems flashing. Ali Lyon, spoke to the arch-technocrat to see whether the fears are justified, and [...]

  • War of words heats up as private credit bosses round on banks

    October 29, 2025

    The war of words between banks and private credit ratcheted up on Wednesday, after a trio of bosses from private lenders rounded on claims their industry played a pivotal role in a string of recent debt-related collapses, branding it “misinformation”. During a fiery evidence session in the House of Lords, executives from alternative investment giants [...]

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  • OECD tells Reeves to reform ‘inefficient’ UK tax system

  • Barclays’ high street U-turn exposes a divide in British banking

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