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(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.
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LONDON, July 12 (Reuters) - The Bank of England said on Wednesday its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.
Read moreLONDON, July 7 (Reuters) - British financial services group OSB's shares fell by more than 20% on Friday after it said it would take a net income hit of up to 180 million pounds ($229 million) as mortgage customers switched from higher rate products.
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(Alliance News) - The City regulator said it had held a "constructive" meeting after summoning UK banks to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.
Read moreLONDON, July 6 (Reuters) - British regulator the Financial Conduct Authority (FCA) said on Thursday that banks need to accelerate rate rises for savers, but said it was not up to the watchdog to dictate pricing.
Read more(Alliance News) - European equities suffered a deep sell-off on Thursday, with bond markets taking centre-stage as yields pushed higher on the back of expectations of more interest rate hikes.
Read moreLONDON, July 6 (Reuters) - Britain's Financial Conduct Authority said on Thursday that banks need to ensure they are providing value to savers, but said it was not up to the regulator to dictate pricing.
Read more(Alliance News) - Stocks are called lower in London on Thursday, after hawkish minutes from the US Federal Reserve once again gave rise to interest rate fears.
Read more(Alliance News) - Bank chiefs are meeting Financial Conduct Authority officials on Thursday to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.
Read more(Alliance News) - Augmentum Fintech PLC on Tuesday said net asset value grew during its recently-ended financial year, despite a challenging macroeconomic and fundraising environment.
Read more(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US.
Read more(Sharecast News) - The Financial Conduct Authority (FCA) has called on the chief executives of major banks to address concerns over the low savings rates being offered to customers, it emerged on Tuesday.
Read moreLONDON, July 3 (Reuters) - British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament's influential Treasury Select Committee.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read moreLONDON, July 3 (Reuters) - British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament's influential Treasury Select Committee.
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