BoE may delay bank capital move because of Ukraine war
(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
Read more(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
Read more(Alliance News) - British retail bank Lloyds Banking Group PLC on Wednesday announced plans to close 60 more branches as customers increasingly switched to online banking during the Covid pandemic.
Read more(Sharecast News) - Lenders' and insurers' shares paced gains on Tuesday as a top US central bank official laid out the case for moving "faster" to hike short-term interest rates.
Read more(Alliance News) - Stock prices in London were mostly higher at midday on Tuesday as investors digested hawkish comments from the head of the US Federal Reserve, while also keeping tabs on the chances of a peace settlement in Ukraine.
Read more(Alliance News) - The following is a summary of top news stories Tuesday.
Read moreLONDON, March 22 (Reuters) - British bank Barclays said on Tuesday disruption in energy markets since Russia's invasion of Ukraine could hamper its ability to meet its carbon emission reduction targets.
Read more(Alliance News) - Stock prices in London opened mostly higher on Tuesday with banks among the best performers in the FTSE 100 following hawkish comments from the US Federal Reserve.
Read moreLONDON, March 21 (Reuters) - The Bank of England said on Monday it planned to delay implementing a final set of post-financial crisis capital requirements for banks until January 2025, bringing Britain in line with the European Union in a move that banks welcomed.
Read more(Sharecast News) - A top US central bank official projected a total of six interest rate hikes for throughout 2022 in order to get the price of money back to neutral as quickly as possible - which was the Federal Reserve's goal.
Read moreLONDON, March 17 (Reuters) - HSBC is buying a plot of virtual real estate in an online gaming space called The Sandbox for an undisclosed sum, the bank's first major foray into the metaverse as it shrinks its UK branch network.
Read more(Sharecast News) - The US central bank hiked interest rates as expected and said it was now clear that rates needed to be raised and that balance sheet run-off should begin.
Read more(Alliance News) - European markets charged higher on Wednesday with the latest US Federal Reserve interest rate decision looming, sentiment bolstered by an equity rally in China.
Read moreLONDON, March 15 (Reuters) - Rules forcing Britain's banks to wrap their retail arms with a bespoke cushion of capital should be retained for now, though they could "ossify" the sector in the longer term if left unchanged, an independent review for the finance ministry said on Tuesday.
Read moreLONDON, March 15 (Reuters) - Rules forcing Britain's banks to wrap their retail arms with a bespoke cushion of capital should be retained for now, though they could "ossify" the sector in the longer term, an independent review for the finance ministry said on Tuesday.
Read more(Alliance News) - HSBC Holdings PLC has said it will shut 69 branches in the UK as it continues to close banks because of customers switching online.
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