Treasury To Unveil 'Landmark' Bank Agreement

By Mark Kleinman, City Editor Ministers will next week hail a "landmark" deal with Britain's nine biggest lenders to offer millions of consumers a new fee-free basic bank account. Sky News has learnt that the Treasury will announce on Monday that...

12.06 | 0 komentar | Read More

FTSE 100 Suffers Worst Week In Three Years

More than £110bn has been wiped off the value of Britain's leading companies as the FTSE 100 suffered its worst week in three years. The index closed down 161.07 points on Friday, a loss of 2.49%, making an overall drop of 6.6% since Monday - the...

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MPs Summon FCA Bosses Over Insurance Probe

By Mark Kleinman, City Editor Two City watchdog executives who were criticised on Wednesday over the disclosure of a probe into the insurance industry are expected to give evidence on the crisis to a powerful panel of MPs. Sky News understands that...

12.07 | 0 komentar | Read More

Russia Raises Interest Rate Amid Economic Woes

The Bank of Russia has increased its key interest rate to 10.5%, to help spur the economy amid sanctions and sliding oil prices. The bank raised the rate from the previous figure of 9.5%. It confirmed it would also continue to raise the rate even...

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HSBC Sacks Top Foreign Exchange Trader

The London-based HSBC head of foreign exchange trading for Europe, the Middle East and Africa has been sacked. Stuart Scott was dismissed from his role on Tuesday, according to sources. HSBC declined to comment. The dismissal comes in the wake...

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FCA Bosses Face Second Bonus Blow Over Probe

By Mark Kleinman, City Editor The City watchdog's top executives could have their bonuses withheld or reduced for a second consecutive year following a coruscating report on its handling of an inquiry into the insurance industry. Sky News has learnt...

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Tesco Refuses Executives Appeal Over Sacking

By Mark Kleinman, City Editor A number of senior managers who left Tesco after profits were overstated by £263m have been told by the retailer that they have no right to appeal over their departures. Sky News has learnt that Tesco has informed lawyers...

12.07 | 0 komentar | Read More

Athens Stock Exchange Drops 15% On New Fears

Athens Stock Exchange Drops 15% On New Fears We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close The stock exchange in Athens is set for its biggest one-day fall since 1987 ...

12.07 | 1 komentar | Read More

Borrowers Could Handle Rate Rise, Says BoE

Home borrowers could handle rate rises, according to the Bank of England. Gradual increases would not have "unusually large effects" on household spending, it said. The bank does warn a rate rise to 2.5% would see the number of families struggling...

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Don't Panic: Bank Keen Not To Alarm Borrowers

Don't panic! That's the broad gist of the Bank of England's latest analysis on the impact of higher interest rates. And in case you were in any doubt, it has published a handy infographic explaining precisely why not. If interest rates rose by 2%,...

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Wonga Braces For FCA Cap With Lower-Cost Loan

By Mark Kleinman, City Editor Britain's biggest payday lender has begun secret trials of lower-cost loans just weeks before a deadline set by the City regulator to comply with a new crackdown on the industry. Sky News has learnt that Wonga has in...

12.07 | 0 komentar | Read More

US Jobless Rate Steady Despite Massive Hiring

US job creation smashed estimates last month with 321,000 new positions, although the jobless rate remained static. The Labor Department said it was the strongest monthly performance in almost three years and wages also increased - a development...

12.07 | 0 komentar | Read More

US Jobless Rate Steady Despite Massive Hiring

US job creation smashed estimates last month with 321,000 new positions, although the jobless rate remained static. The Labor Department said it was the strongest monthly performance in almost three years and wages also increased - a development...

12.06 | 0 komentar | Read More

Shoppers Urged To Support Small Shops Today

UK shoppers are being encouraged to "shop small" today to support Small Business Saturday, which aims to boost smaller enterprises. The event, now in its second year, is backed by hundreds of trade organisations and more than 60 local councils are...

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