Economic news
Bank of London probed by PRA as EY flags uncertainty over future
Late accounts show bank posted £12mn loss in 2023 as Bank of England steps up scrutiny
Ringfencing is bad for UK banks and customers
The post-financial crisis decision to separate retail banking from other operations weakens competition and increases risk
When will companies start spending on climate adaptation?
Businesses have been slow to invest in resilience despite warning of climate risks
Wall Street’s sudden rebound catches investors ‘offside’
Fund managers were positioning for a US economic downturn before America and China forged a trade pact