Bank of England
Stay current with all the latest and breaking news about Bank of England, compare headlines and perspectives between news sources on stories happening today. In total, 559 stories have been published about Bank of England which Ground News has aggregated in the past 3 months.Stay current with all the latest and breaking news about Bank of England, compare headlines and perspectives between news sources on stories happening today. In total, 559 stories have been published about Bank of England which Ground News has aggregated in the past 3 months.
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Europe · LondonNatWest and Lloyds are to axe a further 81 bank branches as both announced fresh cuts to their high street networks. Lloyds Banking Group is closing 39 branches – 26 Lloyds Bank outlets, nine Halifax branches and four Bank of Scotland outlets – between July and September this year. NatWest Group said it was shutting 42 branches.See the Story
NatWest and Lloyds to axe a further 81 bank branches
50% Right coverage: 8 sources
Europe · LondonTop Bank of England officials said on Tuesday the central bank was on alert amid global turmoil in the banking sector but they also said Britain was not experiencing stress linked to the demise of Silicon Valley Bank and Credit Suisse.See the Story
'Be very vigilant': Bank of England chief says the market is testing banks to identify weakness
50% Center coverage: 10 sources
Europe · LondonBank of England Governor Andrew Bailey said businesses should consider official forecasts showing inflation will fall this year. Bailey said he did not have any evidence that companies were putting prices up more than necessary. Britain's central bank raised its main interest rate to 4.25% on Thursday from 4%.See the Story
Bank warns interest rates will rise again if firms hike prices
34% Center coverage: 12 sources
Bank of EnglandThe Bank of England is meeting to decide whether to increase, lower or hold interest rates. It has put up the rate ten times since November 2021. In February, it raised interest rates for the ninth time in a row, increasing them to 4%. The next announcement about interest rates will be on 23 March.See the Story
How to protect your money when interest rates rise
50% Left coverage: 10 sources
Europe · LondonThe British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was averted through a Bank of England-orchestrated rescue deal.See the Story
Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue
45% Center coverage: 9 sources
Jeremy Hunt · LondonThe U.K. government on Monday said that HSBC Holdings has acquired the British arm of troubled U.S. tech startup-focused Silicon Valley Bank, which failed on Friday. HSBC confirmed that its U.K. ring-fenced subsidiary, HSBC UK Bank, had agreed to acquire SVB U.K. for £1 ($1.21). The assets and liabilities of SVB U.K.’s parent company are excluded from the transaction.See the Story
HSBC pays £1 to rescue UK arm of Silicon Valley Bank after all-night talks
38% Center coverage: 70 sources
Jeremy Hunt · LondonDozens of early-stage tech companies in the UK have warned the chancellor of "an existential threat" to the sector following the failure of Silicon Valley Bank in the US. The Bank of England has said it is seeking a court order to place SVB UK into an insolvency procedure.See the Story
Warning of 'existential threat' to UK tech sector after failure of Silicon Valley Bank in the US
50% Right coverage: 24 sources
