US Fed fines Deutsche Bank $186m over failure to improve money laundering checks July 20, 2023 The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186m for failing to sufficiently address money laundering control problems and other shortcomings previously flagged by the U.S. central bank. The new penalty for lingering issues marks the latest blow for the German lender, which has struggled for years to get on [...]
Pound slumps as City cuts Bank of England interest rate bets after shock inflation fall July 19, 2023 Pound sterling today has tumbled sharply in response to markets reining in their expectations for further interest rate hikes from the Bank of England. Britain’s currency shed nearly one per cent against the US dollar, its largest fall in months, to buy $1.29. It was down a similar amount against the euro at €1.15. The [...]
Sam Torrance’s 2023 Open preview: Cream should rise to top at classy Royal Liverpool July 19, 2023 Narrow fairways, thick rough and small greens should favour good iron play at the Open Championship at Royal Liverpool this week, writes Sam Torrance. When you consider how well he has played in much of that time, it really is unbelievable that Rory McIlroy hasn’t won a major for nine years. Since 2014 he has [...]
Embedding EDI in your internal procedures – Mini Guide July 18, 2023 Embedding EDI in your internal procedures: points to consider Many organisations are considering a review of their policies and procedures to ensure they are fully compliant with their key equality and diversity objectives and corporate strategy. We understand that organisations need to put processes in place which are not just suitable for now, but are [...]
Silver prices hold steady as interest rate hike fears ease July 18, 2023 Silver prices have remained robust in trading this week as investors believe that the US Federal Reserve's inflation fight is coming to an end.
California holidays: Why Monterey, Paso Robles and Santa Barbara make the perfect road trip July 17, 2023 There’s more to California than Los Angeles and San Francisco – try Monterey, Paso Robles and Santa Barbara, says Richard Franks America is the land of the road trip, and its Pacific Highway is up there with its most iconic. Hugging some 656 miles of rugged Californian coast between San Francisco and San Diego, the [...]
US Federal Reserve will slash interest rates in March 2024, Morgan Stanley bets July 17, 2023 The US Federal Reserve will in the early part of next year slash interest rates for the first time since the onset of the Covid-19 crisis, Wall Street analysts are betting, Researchers at Morgan Stanley have said they expect the federal open market committee (FOMC) to bring rates down in the first quarter of 2024, [...]
Gold holds on to heavy gains as Fed signals victory in battle against inflation July 14, 2023 Gold markets have consolidated this week's price rally, following encouraging inflation data from the US.
Pound surges to strongest level since April last year as traders bet on further rate hikes July 14, 2023 The pound has surged to its strongest position in over a year over the past week as traders bet the Bank of England will have to hike rates further and faster than global counterparts. Since the beginning of the month, the pound has risen from below $1.27 to trade at over $1.31. The last time [...]
FTSE 100 close: London’s premier index creeps into the green ahead of crucial inflation print on Wednesday July 14, 2023 London’s premier index closed the week slightly in the green after a quiet day ahead of next week’s crucial inflation print. The FTSE 100 slipped out marginal gains to trade at 7,440.65 while the midcap FTSE 250 index dropped 0.2 per cent to 18,594.73. All eyes will be on UK inflation data next week. Inflation [...]