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Huw Jones

COVID bank loan demand should ease in coming months, says Bank of England

Aug 07 2020

LONDON Demand in Britain for corporate credit to survive the COVID-19 pandemic should ease when government-backed loan schemes start winding down later this year, a senior Bank of England official said on Friday.

City of London faces messy future with the EU

Aug 06 2020

LONDON Britain's future access to European Union financial markets is looking increasingly patchy, as Brussels tries to limit the activities which can be carried out from London, prompting more business and jobs to cross the channel.

Bank of England says closed-ended funds can help COVID recovery

Aug 06 2020

LONDON, Aug 6 Closed-ended funds, which issue shares that don't trap investors during market shocks, may be the best way to encourage more investment in infrastructure, machinery and green technology to help Britain recover from the coronavirus pandemic, the Bank of England said on Thursday.

Bank of England says banks able to support coronavirus-hit Britain

Aug 06 2020

LONDON Britain's banks hold enough capital to keep on lending to the country's companies and also to absorb billions in losses likely to arise due to the COVID-19 pandemic, the Bank of England said.

Property fund investors should wait months for cash to avoid exodus: UK regulator

Aug 03 2020

LONDON Investors in property funds should wait up to six months before they can get their money back to avoid a stampede for the exit leading to widespread suspensions in rocky markets, Britain's Financial Conduct Authority proposed on Monday.

UK watchdog says bank customers may need longer-term crisis support

Jul 31 2020

LONDON Britain's banks may need to consider longer-lasting support for customers who continue to face difficulties with loan repayments after COVID-19 relief measures end in the autumn, the Financial Conduct Authority (FCA) said on Friday.

UPDATE 2-UK watchdog says bank customers may need longer-term crisis support

Jul 31 2020

LONDON, July 31 Britain's banks may need to consider longer-lasting support for customers who continue to face difficulties with loan repayments after COVID-19 relief measures end in the autumn, the Financial Conduct Authority (FCA) said on Friday.

London Stock Exchange may sell Milan bourse to secure Refinitiv deal

Jul 31 2020

LONDON The London Stock Exchange (LSE) said on Friday it may sell all or part of Borsa Italiana to help get its $27 billion takeover of Refinitiv over the line, a move that could trigger a bidding war among European exchanges for the Milan assets.

UK watchdog tells auditors to be more sceptical of clients

Jul 30 2020

LONDON Accounting firms continue to show too little independence when checking the books of listed companies and should show more professional scepticism when dealing with clients, Britain's audit watchdog said on Friday.

UK watchdog tells auditors to be more sceptical of clients

Jul 30 2020

LONDON, July 31 Accounting firms continue to show too little independence when checking the books of listed companies and should show more professional scepticism when dealing with clients, Britain's audit watchdog said on Friday.

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