British government borrowing reaches record $18.2B for August
British government borrowing jumped by almost a third to $18.2 billion last month compared with August 2023, taking borrowing ...
American Banker1dOpinion
How the alchemy of banking helped create the modern state
In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of ...
Gold gains over 1% as Fed begins deeper rate-cut cycle
Gold prices rose on Thursday after hitting a record high in the previous session, as the U.S. Federal Reserve delivered a super-sized interest rate cut.
Bank of England Moves Add Up to £4 Billion Lifeline for Reeves
The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease ...
KFGO2d
Bank of England keeps rates at 5%, extends 100 billion pound bond reduction plan for another year
The Bank of England held interest rates at 5.0% on Thursday and voted to run down its stock of British government bonds by ...
Cautious Bank of England hold rates, extends bond reduction plan
The Bank of England kept interest rates at 5.0% on Thursday, saying it would be careful about future cuts, and also held off ...
Pound reaches 30-month high after Bank of England pauses while Fed slashes rates
The U.K. pound is up 0.7% to $1.3307, its highest level against the U.S. dollar since March 2022, as traders react to news ...