Kristen Bell’s daughters empty piggy bank to donate to charity helping feed kids during coronavirus school closures By Rachel Mcgrath For Dailymail.com Published: 06:09 GMT, 19 March 2020 | Updated: 06:09 GMT, 19 March 2020 Like many celebrities, Kristen Bell is self-quarantining with her family as the coronavirus pandemic worsens in the US. And on … Read more
As the Covid-19 crisis erupted, few would have predicted that central banks would end up front of stage. The ongoing volatility on financial markets has given them a key role. In his third day as Governor of the Bank of England, Andrew Bailey displayed the assertiveness which he never quite discovered in his previous job … Read more
Metro Bank has come under fire for not introducing a new fraud prevention scheme, despite last year signing up to a code which said banks ‘should’ bring it in. The bank, which launched a decade ago, said it had ‘no current plans’ to implement a system called Confirmation of Payee, designed to alert anyone making … Read more
Coronavirus ‘will be with us permanently’ and the world will have to learn to live with it, former Bank of England deputy governor warns John Gieve said policymakers had a ‘huge job’ on their hands with the virus Another £117bn was wiped off British shares this morning on market opening Mr Gieve said it was … Read more
Starling Bank slashes the interest rate it pays to in-credit current account customers by up to 90% Starling currently pays 0.5% on balances up to £2,000 and 0.25% above that From 18 May these rates will be cut to 0.05% Starling blamed the Bank of England’s emergency base rate cut Could others like Nationwide and … Read more
Bailey faces a baptism of fire at the Bank as the global economy teeters on the brink of recession Adrew Bailey starts work as Governor of the Bank of England today Bailey joined forces with Carney last week to announce a cut in interest rates They unveiled plans to free up £290billion for lenders to loan … Read more
TSB hits back over staff bonus fears as bank changes strategy to help struggling families By Helen Cahill, Financial Mail On Sunday Published: 23:46 GMT, 14 March 2020 | Updated: 23:46 GMT, 14 March 2020 TSB has played down fears that an overhaul of its bonus scheme will put pressure on staff to sell loans … Read more
Banks and building societies have already started slashing rates on some of the best savings deals, just two days after the Bank of England announced an emergency base rate cut to 0.25 per cent. Three of the seven highest-paying easy-access accounts have either been pulled from sale or seen their rates cut, while some of … Read more
Banking giants Santander, Lloyds and Halifax have moved their rates to help mortgage borrowers by passing on the full Bank of England 0.5 per cent interest rate cut. Outgoing governor Mark Carney gave his response to the coronavirus crisis as he unveiled an emergency package to stave off recession. The central bank slashed interest rates from … Read more
Bank fires up £290bn virus fighting fund: Interest rates are cut to record low of 0.25% By Lucy White For The Daily Mail Published: 21:51 GMT, 11 March 2020 | Updated: 21:51 GMT, 11 March 2020 The Bank of England led a double-barrelled response to the coronavirus crisis as it unveiled an emergency package to … Read more