The Bank of England is all but assured to cut interest rates by another quarter point this week, but a second US presidential term for Donald Trump has cast new uncertainty over future policy easing in the UK. Ward agreed that a rate cut on Thursday was “a done deal, as adding to market volatility by not cutting would not …
Cloud computing providers to the financial sector can be "secretive", and regulators need to act to avoid banks' reliance on a handful of outside firms becoming a threat to financial stability, the Bank of England said on Tuesday. Banks and other financial firms are outsourcing key services to cloud computing companies such as Amazon, Microsoft and Google to improve efficiency …
