BoE’s Vlieghe sees rates rising in 2022 if economy recovers
BoE policymaker Gertjan Vlieghe said that the Bank of England could raise interest rates as soon as the first half of next year. This is if the job market bounces back faster than expected, but it is more likely to wait until later in 2022. Sterling strengthened against the dollar and euro. After Vlieghe’s remarks, […]
Deutsche Bank overhaul ahead of plan, CEO tells investors
Deutsche Bank’s multi-year overhaul is ahead of plan and remains its primary focus said Chief Executive Christian Sewing to the shareholders, promising an era of more sustainable profit. Due to the pandemic situation, the bank’s annual shareholder meeting was held online. This meeting took place in a more relaxed atmosphere than in recent years. Which […]
Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%
Barclays cut its full-year 2021-22 economic growth forecast for India by 80 basis points to 9.2%. The toll from stringent lockdowns imposed to curb rising COVID-19 infections appeared to be bigger than its earlier expectation. The devastating second wave of coronavirus infections has forced nearly two-thirds of the country to introduce tough curbs. This slows […]
BoE’s Kashyap wants forensic investigation of Archegos collapse
The Bank of England policymaker Anil Kashyap said that the financial regulators should undertake a detailed cross-border probe into how the collapse of U.S. investment fund Archegos cost mostly foreign banks more than $10 billion. Kashyap is a finance professor at Chicago Booth business school. And also, he is an external member of the BoE’s Financial Policy […]