Bank of England divided over threat of rising inflation

As pandemic restrictions are lifted, Bank of England set to keep pumping money into economy despite fears of rising inflation The inflationary spike has put the Bank’s huge quantitative easing programme in the spotlight, with its monetary policy committee increasingly at odds over what to do next   Having hit 2.5 per cent in June, inflation … Read more

Raising retirement age could help Bank of England fight next recession

Raising retirement age could help Bank of England fight next recession, according to top official By Daily Mail City & Finance Reporter Published: 17:11 EDT, 26 July 2021 | Updated: 17:46 EDT, 26 July 2021 Raising the retirement age could help the Bank of England fight the next recession, according to a top official.  Gertjan … Read more

Starling Bank snaps up buy-to-let lender Fleet Mortgages for £50m

Starling Bank moves into mortgages: Digital challenger snaps up buy-to-let lender Fleet for £50m as part of expansion drive Starling Bank has made its first corporate acquisition, buying Fleet Mortgages  It is part of the bank’s expansion drive as it targets IPO by 2023  Starling has reassured existing Fleet customers that it won’t change the … Read more

Elliott pumps another £20m into British start-up bank Chetwood

Activist investor Elliott pumps another £20m into British start-up bank Chetwood By Emma Dunkley, Financial Mail On Sunday Published: 16:50 EDT, 24 July 2021 | Updated: 17:23 EDT, 24 July 2021 Activist investor Elliott has pumped another £20million into British start-up bank Chetwood.  The latest investment from the New York-based hedge fund takes its stake … Read more

Bank of England vows to improve diversity after internal review

Bank of England vows to improve diversity after internal review found ethnic minority staff are less likely to be promoted and their white colleagues are paid more Internal review at Bank of England discovered failures in institution’s diversity  Ethnic minorities less likely to be promoted and paid less than white colleagues Bank also missed its own … Read more

‘Four day bank holiday IF England win tonight!’ Friday August 27 ‘is most likely day for day off’

‘Four day bank holiday IF England win tonight!’ Friday August 27 ‘is most likely day for extra day off to celebrate Euros win to make long weekend’ – as petition tops 350,000 By Henry Martin For Mailonline Published: 09:05 BST, 11 July 2021 | Updated: 09:15 BST, 11 July 2021 A four-day bank holiday in … Read more

Coronavirus Australia: Coles, Commonwealth Bank, McDonald’s, Woolworths added Sydney exposure list

Anyone who visited the following venues – where an infected person has ALREADY spread the virus to others – are considered close contacts and should get tested and isolate for 14 days, regardless of result: Roselands: Commonwealth Bank – Monday June 28, 8am – 5pm, Tuesday June 29, 8am – 5pm and Wednesday June 30, … Read more