Banking regulators step up scrutiny of AI risks
Banking regulators are stepping up efforts to contain growing AI risks, six people familiar with the matter said, with some pointing to the potential for cyberattacks on banks or rogue ...
Bank of England scrutinises lenders for dollar risk amid Trump worries, sources say
The Bank of England has asked some lenders to test their resilience to potential US dollar shocks, three sources said, the latest sign of how the Trump administration’s policies ...
Bank of England’s Greene plays down sharp drop in September inflation
A sharp fall in British consumer price inflation in September was driven by more volatile components, Bank of England rate-setter member Megan Greene said on Tuesday, a day after she ...
High inflation and slowdown signs: the BoE’s tough trade-off
The Bank of England is expected to keep interest rates at their 15-year high on Thursday as it battles an inflation rate that is more than three times as high ...
Central banks hike rates as turmoil hits bank shares again
The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in pressing on with interest rate hikes, arguing the UK banking sector was strong enough ...
UK stocks close higher as Rishi Sunak looks set to be next PM
Britain’s main equity indexes closed higher on Monday as Rishi Sunak looked set to become the next prime minister after other candidates quit the race, offering investors some relief ...
Turbulent UK bond market may force BoE’s hand again
Bank of England Governor Andrew Bailey has been unequivocal: the central bank will end emergency support for bonds on Friday. Yet with markets showing few signs of stabilising, the BoE ...
Bank of England will probably need to raise rates again, Ramsden says
The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain’s economy, BoE ...
BoE becomes first major central bank to raise rates since pandemic
The Bank of England on Thursday became the world’s first major central bank to raise interest rates since the coronavirus pandemic hammered the global economy, and warned inflation was ...