Remember the U.K. debt crisis under Liz Truss? Bank of England now has a formal process to handle it.
The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.
Bank of England launches tool to calm gilt market in times of distress
The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods ...
BoE opens contingent non-bank lending facility for applications
The Bank of England said on Tuesday it had opened the Contingent Non-Bank Financial Institution Repo Facility for ...
Bank of England to cut rates five times in 2025, says Morgan Stanley
The US investment bank slashed its growth forecasts on Monday, citing both the lingering impact of the Bank’s monetary ...
Morgan Stanley: Bank of England to cut interest rates five times in 2025
The US investment bank slashed its growth forecasts on Monday, citing both the lingering impact of the Bank's monetary ...
Preferred Bank Reports Fourth Quarter and Annual Results
Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2024. Preferred Bank (“the Bank”) reported net income of $30.2 ...
Nottingham Post16d
Mortgage brokers 'steered' home buyers to riskier deals to boost their own fees - report
According to the Bank of England, mortgage brokers have been "steering" homeowners towards short-term home loans that carry a risk of higher interest rates. The Bank's experts suggest this was ...
Crime17d
Bank of England warns of increased risks and fees for homeowners due to mortgage broker tactics
Mortgage brokers have been directing homeowners towards short-term home loans that come with the danger of escalating interest rates, reports from the Bank of England indicate. Bank experts ...
Yahoo News UK17d
Bank of England warns of increased risks and fees for homeowners due to mortgage broker tactics
Mortgage brokers have been directing homeowners towards short-term home loans that come with the danger of escalating interest rates, reports from the Bank of England indicate. Bank experts believe ...
Birmingham Mail18d
Bank of England mortgage warning issued after bond market turmoil
Bond market turmoil has lead to mortgage holders, people with pension pots and those with savings to be issued an urgent warning. The pound briefly fell to a 14-month low against the US dollar on ...
Teesside Gazette18d
700,000 UK homeowners warned they face mortgage changes
It is anticipated that the Bank of England will make fewer cuts to the 4.75 percent base rate throughout 2025. Similarly, hopes for a new year mortgage price war, which would lower the cost of ...
Forbes21d
Mortgage News: First Direct Close Behind Halifax In Announcing Cuts To Fixed Rates
Santander has hiked the cost of a wide range of its fixed rate mortgage deals despite the Bank of England cutting interest rates by 0.25 percentage points last week, writes Jo Thornhill.