Banking News

Financial market regulations

Bank of England intervenes in UK-EU financial market row

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The EU’s refusal to grant London equivalence has driven firms to relocate to the bloc, prompting the UK government to involve the Bank of England. The Bank of England has now drawn up restrictions to reduce the number of firms relocating to financial capitals on the other side of the Channel. All firms must...
Digital currency

Are central banks preparing to launch digital currencies

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Interest in cryptocurrencies and digital currencies have accelerated amid the coronavirus pandemic, and many central banks are now debating whether central bank digital currencies (CBDCs) should become a reality. Pound Sterling continues its rally higher against the euro and US dollar.
UK Finance sector London

Bank trends: Expectations for UK banking sector in 2021

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What's the difference between Retail Banking and Corporate Banking? Here we examine the Expectations for the UK banking sector in 2021 and how banking shares are recovering from the pandemic-induced slump. Also we look at how Rishi Sunak is reviewing the bank surcharge following the Budget 2021 announcement...