World Bank Group President Ajay Banga on Tuesday said that proposed new contributions from wealthy countries under a capital adequacy framework could increase the bank’s lending capacity by $100 billion to $125 billion over a decade. Banga told a Council on Foreign
More than £45million of the agreement will go toward local charities and assistance for victims. And another £16million will go toward legal fees. JP Morgan confirmed the deal yesterday, saying it did not admit liability as part of the deal but “deeply
Bank of England incompetence over the rapid sale of government bonds could cost taxpayers at least £100 billion, a former Cabinet Minister has warned. Senior Tory Sir John Redwood said the Bank has already squandered £24 billion by selling bonds at a
British expats who bank with Barclays are facing the prospect of losing their accounts, potentially leaving some unable to access their savings and pensions. British citizens residing abroad will no longer be eligible for Barclays UK current or savings accounts, the bank
A leading bank is to close the bank accounts of all British expats in a decision which could leave some customers unable to access their pensions or savings. Barclays Bank said British people living overseas would no longer be able to hold a
An unexpected drop in inflation represents some welcome news for consumers, as well as for Bank of England Governor Andrew Bailey and Prime Minister Rishi Sunak, who is still (just) on track to deliver on his promise to halve the rate of
The Bank of England has boosted interest rates once again despite lower-than-expected inflation stats earlier this week – but a financial expert warns that this doesn’t mean the end of hikes before the year is out. While many economists had predicted the regulator was likely to increase them
The Bank of England faces a knife-edge decision on whether interest rates will be raised again. The announcement will be made at midday on Thursday, with investors split over whether rates will increase following an unexpected fall in inflation. Only half of
Israeli military operations in the occupied West Bank and unrest in the Gaza Strip have killed six Palestinians, Palestinian health officials said Wednesday, the latest spike in a wave of violence that has roiled the region for more than a year. At
Customers of one of France’s biggest banks are being told to back Britain and move their money ‘out of the eurozone’, in the latest embarrassment for Emmanuel Macron. BNP Paribas, a French multinational bank, is insisting that the British economy is performing