Tag Archives: bank

HSBC Bank has been slapped with a substantial fine of £57.4 million ($73 million) for what the Bank of England’s Prudential Regulation Authority deems as “serious failures” in safeguarding certain depositors over an extended period. This penalty marks the first of its kind under British laws designed to protect customers …

In the last September quarter, HSBC Bank achieved remarkable financial results, reporting net profits of $6.26 billion. This figure represented a substantial increase of 235% in profits compared to the same period the previous year, where profits stood at $2.66 billion. The surge in profits before tax deductions was equally …

The Bank of England (BoE) will announce its interest rate decision on Thursday, February 2 at 12:00 GMT, publishing the Minutes of the meeting and Monetary Policy Report (MPR) alongside. As we get closer to the release time, here are the expectations forecast by the economists and researchers of four …

The Bank of England (BoE) is likely to return to its conservative stance in the final meeting of this year, having delivered its biggest rate hike in 33 years in November. The BoE will announce its interest rate decision at 12:00 GMT this Thursday, accompanied by the Minutes of the …

Markets are awaiting today, Thursday, the Bank of England interest rate decision, amid expectations that it will raise rates for the fifth time in a row since last December, which represents the largest rate hike in 25 years and is expected to continue with inflation heading towards recording double digits. …

Wells Fargo “For May, the consensus forecast (and Wells Fargo forecast) is for the BoE to deliver another 25 bps hike, which would take the policy rate to 1.00%. We expect the BoE’s economic projection to include an upward revision to its CPI inflation forecast and a downward revision to …

The Bank of England (BoE) will announce its decision on Thursday, March 17 at 12:00 GMT, and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 3 major banks. Wells Fargo “We expect the BoE to raise its policy rate …

Deutsche Bank said on Friday it was winding down its operations in Russia, a day after its chief financial officer said it was not “practical” to close the unit. The move by Deutsche Bank, Germany’s largest bank by assets, followed the announcements on Thursday that rival investment banks Goldman Sachs …

The Bank of England (BoE) will announce its decision on Thursday, February 3 at 12:00 GMT, and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 4 major banks. Deutsche Bank “We expect the BoE to follow up their December …

Governor Andrew Bailey will deliver his remarks on the monetary policy decisions in a press conference at 12:30 GMT on Thursday, November 4.