Federal Reserve and European Central Bank may back final rate rises this week, experts bet July 24, 2023 US Federal Reserve and European Central Bank officials could launch their final interest rate rises this week as inflation ebbs in their respective economic blocs, experts are betting. Members of the federal open market committee (FOMC) are on Wednesday tipped to raise borrowing costs 25 basis points to a range of 5.25 per cent and [...]
European banks forced to hand over more liquidity data to the ECB after SVB collapse July 23, 2023 European banks will have to provide regulators more frequent information on liquidity levels starting from September, a top supervisor said over the weekend. In an interview published on the European Centra Bank’s (ECB) website, Andrea Enria, chair of the ECB supervisory board, warned that European banks were still in a “delicate phase” due to the [...]
Double loss for Tories in Selby and Somerton as Sunak gets kicking July 21, 2023 Rishi Sunak has suffered a double defeat, losing Selby and Ainsty to Labour in a historic victory as the Liberal Democrats took Somerton and Froome. The Conservatives held on the west London seat of Uxbridge and South Ruislip – by fewer than 500 votes – but former prime minister Boris Johnson’s 7,210 majority was decimated. [...]
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, [...]