The Bank of England’s Prudential Regulation Authority (PRA) has announced a package of proposals as part of the Basel 3.1 implementation process. The SME Supporting Factor, which allowed banks to…

The post Bank of England’s PRA recognises small firms’ importance to economic growth appeared first on London Business News | Londonlovesbusiness.com.

UK consumers have some of the worst trust levels in banks and financial providers when it comes to keeping their data safe, significantly lower than in Europe and the US.…

The post UK trust in banks trails Europe and the US, with concerns over safety of financial information appeared first on London Business News | Londonlovesbusiness.com.

The Japanese yen could be exposed to volatility as traders react to the developments in the market. The yen could come under pressure as the Bank of Japan takes a…

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Metro Bank are expecting to return back to profit at the end of the year and have reduced their losses which has seen shares rise on Wednesday. In the six…

The post Metro Bank makes ‘significant underlying progress’ appeared first on London Business News | Londonlovesbusiness.com.

The Japanese yen surged to its strongest level against the dollar since May and reached multi-month highs against other major currencies ahead of the Bank of Japan’s (BoJ) upcoming meeting.…

The post Yen reaches multi-month highs ahead of Bank of Japan meeting appeared first on London Business News | Londonlovesbusiness.com.

Super Micro Computer (SMCI), which makes a wide array of server-related products, was a darling stock for part of 2023 and 2024 when it had rallies of more than 260%…

The post Super micro computer down 36% from its high, is it a good buy? appeared first on London Business News | Londonlovesbusiness.com.

The Japanese yen slightly retreated against the dollar after reaching a six-week high. The currency was supported this month by suspected intervention by Japanese authorities. Officials, including top currency diplomat…

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U.S. banking regulators have imposed a $136 million fine on Citigroup due to unresolved data management issues identified in 2020. This sanction was announced by the Federal Reserve, highlighting Citi’s…

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The Bank of Canada’s latest Methods-of-Payment (MOP) survey reveals that cash remains a popular choice for Canadians, despite the rise of digital payment options. The 2023 report shows cash use…

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The institution warns that investors are overly fixated on positive economic news, causing asset prices to surge and increasing the risk of a “sharp correction” in the future. According to…

The post The Bank of England’s latest financial stability report ‘is sounding alarm bells once again’ appeared first on London Business News | Londonlovesbusiness.com.