While the Bank said the UK’s banking sector was well-placed to cope with a severe downturn, it said banks must increase the amount of money they set aside to absorb shocks. Starting a year from now, banks will be required to set aside a sum equal to 2% of their assets as a buffer, as opposed to the normal 1%.
The Project Sparrow sub-committee was led by Post Office chair Alice Perkins and included chief executive Paula Vennells, alongside...
In retaliation against Western sanctions, the Russian government has banned the sale of Russian assets. So firms that, in...
A three-year pause on student loan payments is also due to expire in coming weeks, while Washington is at...
Some of the UK’s biggest investment fund managers, such as Aberdeen Standard, Aviva Investors, BMO Global, charity fund manager...
“Yes, it costs more money,” said Brett Mendell, director of textiles manufacturer Thomas Kneale in Manchester. “But you get...
“We anticipate a sharp decline in activity during the first quarter of the year,” said Kemar Whyte, senior economist...
Maria Machancoses, chief executive of Midlands Connect, a government-funded regional transport body, said: “While these verbal commitments are encouraging,...
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