Credit card loans shrinking by buy now, pay later plans
The credit reporting company TransUnion said that the borrowers who apply for “buy now, pay later” or other point-of-sale financing tend not to pay...
Britain’s financial watchdog vigilant ahead of COVID
The Financial Conduct Authority said that regulators will monitor how Britain’s furlough scheme ends for signs of distress among consumers. It also said it...
Private meeting inflation target met by 2025
In a private meeting, European Central Bank (ECB) chief economist Philip Lane revealed that with German economists, the ECB expects to hit its 2% inflation goal...
Sterling bouncing back
Sterling rebounded by snapping three straight days of losses. It was on course to regain the ground lost since the announcement of a UK...
Trade finance firms advised by UK regulators
Britain’s financial regulators said that trade finance firms must do more to identify potentially suspicious activities. This can be done by undertaking additional risk...