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BoE chief economist says UK inflation could top 5%
The Bank of England’s new chief economist, Huw Pill, said that inflation in Britain could surpass a 5%. The Financial Times reported this news. Pill told...
World bank sees significant inflation risk
Energy prices are expected to inch up in 2022. The World Bank said in its latest Commodity Markets Outlook that this is after surging more than...
Caixabank considers selling 9.92% stake in Erste group
Spain’s Caixabank said that it was considering selling its entire 9.92% stake in the Austrian lender Erste Group Bank. The stake has currented a market value...
Emerging economies have embraced digital banking
It’s now entirely uncontroversial to make payments, transfer money, and communicate with banks entirely through mobile apps and websites. The rise of online-only challenger...
48 branches of Lloyds Bank to close again
Lloyds Banking Group will close a further 48 branches across England and Wales. This is stated by the British lender. This is because it seeks...