The Bank of England is considering forcing foreign banks to replace branches with subsidiaries

The Bank of England is considering forcing foreign banks to replace branches with subsidiaries

Receive free UK financial regulation updates We’ll send you one myFT Daily Digest latest roundup email UK financial regulations news every morning. The Bank of England is looking at controversial plans to force more international banks to set up subsidiaries in Britain, people familiar with the situation told the Financial Times. The move could reduce … Read more

Bank bosses told to explain low savings rates – BBC News

Bank bosses told to explain low savings rates - BBC News

By Michael Race Business journalist, BBC News July 3, 2023 Updated 6 minutes ago image source, Getty’s image The bank’s chief executive has been summoned by Britain’s comptroller to address concerns that savings rates are not rising as fast as mortgages. Bosses at Lloyds, HSBC, NatWest and Barclays will meet with the Financial Conduct Authority … Read more

Bank bosses called in to discuss savings rates – BBC News

Bank bosses called in to discuss savings rates - BBC News

By Michael Race Business journalist, BBC News 3 July 2023, 22:24 WIB Updated 47 minutes ago image source, Getty’s image The bank’s chief executive has been summoned by Britain’s comptroller to address concerns that savings rates are not rising as fast as mortgages. Bosses at Lloyds, HSBC, NatWest and Barclays will meet with the Financial … Read more