Mark Kleinman: Black comeback would be a tall Telegraph tale September 19, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. This week he tackles splashy Telegraph stories, Legal & General’s spring cleaning and the tax hike fears Black comeback would be a tall Telegraph tale Hold the front page: do comebacks arrive any [...]
Fed lowers interest rates by 50 basis points in first cut since 2020 September 18, 2024 Today's rate decision was the most uncertain in years, with investors torn in the run-up to the decision about whether the Fed would cut rates by 25 or 50 basis points.
UK banks giving savers better value but still ‘room for improvement’, FCA says September 18, 2024 The City regulator has said savers are an estimated £4bn better off following improvements to easy access rates in recent months, but still put pressure on banks to offer more value.
Why the Bank of England will hold interest rates tomorrow September 18, 2024 The firm consensus is for the Bank of England to hold rates tomorrow, but this will not prevent a further cut in November.
Inflation stays at 2.2 per cent ahead of Bank of England’s interest rate decision September 18, 2024 The figures come a day before the Bank of England will announce its latest decision on interest rates.
UK bank compensation scheme faces leadership vacuum after recruitment delays September 18, 2024 The institution that protects government-guaranteed deposits in failed banks is facing questions over its future leadership after multiple setbacks to recruiting a new chair and permanent chief executive, City A.M. can reveal.
Haldane is right – the Chancellor’s doom-mongering is dangerous September 18, 2024 The stories we tell ourselves matter in economics, writes Paul Ormerod
The new payments architecture and Bacs September 17, 2024 Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra You might have heard that there are plans to modernise some of the key UK payment rails and wondered how these updates will affect your payment processes. In this article, we explore what the changes are and why they are needed. Let’s start at the beginning; [...]
Navigating ISO 20022 in the Bacs world September 17, 2024 Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra As organisations and financial institutions look for new ways to pay in a growing payments landscape, using a common language for all financial messages allows participants and systems in different markets to communicate in a single, consistent format using agreed terminology. ISO 20022 is a global [...]
The Bank of England decision that really matters this week September 17, 2024 The Bank of England's interest rate decision later this week looks like a done deal. But there is another, arguably more important, decision you should be paying attention to, Chris Dorrell writes