General view of the Bank of England on September 27, 2020 in London, England. Peter Summer / Getty Images Bank of England has written to British banks asking for information on how much they are prepared for the monetary policy of adopting negative interest rates. “We are making a definite …
Read More »Maduro of Venezuela wins 1 1 billion appeal in UK court over gold reserves held by Bank of England
Carlos Besera / Bloomberg / Getty Venezuelan President Nicolas Maduro has won a UK court appeal in which he ruled in a legal battle over billion 1 billion in gold reserves held by the Bank of England. Britain’s second highest court overturned a previous ruling recognizing Juan Gouda as Venezuela’s …
Read More »EU watchdog tells UK banks to prepare for full Brexit
LONDON (Reuters) – Banks using Britain as a gateway to the European Union must fully implement their plans to serve EU customers before the end of the Brexit transition period in December, it said on Wednesday. EU banking watchdog. FILE PHOTO: British Union Jack and EU flags are displayed at …
Read More »Banks urge Britain and the EU to resolve access to the financial market
LONDON (Reuters) – Britain and the European Union must advance access to the EU financial market, as the coronavirus crisis will make it even more difficult to deal with a possible disruption if there is no agreement, the lobby said Monday. AFME bank. FILE PHOTO: Flags of the European Union …
Read More »BoE Governor Warns Lenders About Challenges Of Negative Interest Rates
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photo on the first day of his new role at the Central Bank of London, Britain, March 16, 2020. Tolga Akmen / Pool via REUTERS (Reuters) – Bank of England (BoE) Governor Andrew Bailey wrote a letter to lenders …
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