Andrew Bailey

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Photograph: iStock

The Bank of England has forecast the UK economy will contract by a historic 30 per cent in the first half of year but has decided not to launch new st(...)

Although the Bank of England governor opposed monetary financing earlier this week, Treasury officials felt it was best to have the insurance of the central bank willing to finance its operations in the short term. Photograph: Getty

The UK has become the first country to embrace the monetary financing of government to fund the immediate cost of fighting coronavirus, with the Bank (...)

**EMBARGO: No electronic distribution, Web posting or street sales before 12:01 a.m. ET Thursday, March 26, 2020. No exceptions for any reasons. EMBARGO set by source.** The Bank of England in London, March 23, 2020. As Britain and the European Union respond to a public health emergency and economic crisis, they are abandoning dogmatic frugality. (Andrew Testa/The New York Times)

The Bank of England has said it’s ready to provide more support for the economy as it opted against introducing any immediate additional stimulus meas(...)

US president Donald Trump talks to reporters at the US Capitol after attending the Senate Republicans weekly policy luncheon. Photo by Samuel Corum/Getty Images)

World finance leaders tried to lift confidence with emergency measures to pour cash into panic-stricken markets on Thursday, as investors everywhere d(...)

The FCA said on Tuesday it has undertaken a full review to identify the scale and scope of the data breach and has apologised to those individuals affected.

Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details (...)

Andrew Bailey:  said he was honoured   to take over from Mark Carney as head of the Bank of England, ‘particularly at such a critical time for the nation as we leave the European Union’.  Photograph: Simon Dawson/Bloomberg

Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday, entrusting one of the City of London’s most experienced regul(...)

Invisible man: Boris Johnson fails to join Luxembourg prime minister Xavier Bettel for a joint press conference. Bettel gestures to an empty podium. Photograph: Joshua Sammer/Getty

Image of the week: Empty podium It wasn’t the best of trips to Luxembourg this week for Boris Johnson, who failed to show up at a press conference on(...)

Mark Carney, governor of the Bank of England. Photograph: Reuters

The appointment of the next governor of the Bank of England will be pushed back until after the forthcoming election, the Financial Times reported, ci(...)

Ireland and Luxembourg are among the biggest fund domiciles in Europe, together accounting for 56 per cent of assets invested in Ucits funds

Assets invested in European mutual funds hit a record high this year, pushing past the €10 trillion mark. Ucits, which stands for “undertakings for (...)

‘I don’t get up in the morning hoping that people will love me,’ Andrew Bailey replied when asked whether it was better to be feared than liked or loved. Photograph: Reuters

The bookies’ favourite as the next governor of the Bank of England managed to withstand a grilling from MPs on Tuesday without doing too much harm to (...)

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