Banks Tap Billions in BOE Repo Cash to Profit on Bond Trades
There’s a hot money-minting trade in London, fueled by cheap financing doled out by the Bank of England.
Related discussion groups
No group discusses this yet. Start a discussion group and attach this story.
More news about United Kingdom
- Supermarket shake-up: why Asda or Morrisons could vanish within a decadeTalks between Sainsbury’s and Morrisons have set industry tongues wagging, with analysts saying the market is ripe for changeTesco lifts profit forecast and says shoppers are resilientBusiness live...
- UK police charge Royal Navy member accused of working with foreign powerPolice say the incident is not connected to ongoing investigations at the RAF Fairford airbase.
- Wrexham and Rochdale train services rejected over west coast line pressureRegulator also vetoes extra Blackpool service, saying insufficient space for new direct trains to LondonBusiness live – latest updatesPlans to run direct train services to Wrexham and Rochdale from...
- Covid, Brexit and Liz Truss mini-budget led to lasting decline in mental health, study findsResearchers found five events, including Russia’s invasion of Ukraine, caused serious damage to mental wellbeing across UKBrexit, Liz Truss’s mini-budget and other “shocks” over the last 10 years h...
- Polls open in Holborn and St Pancras byelection – UK politics liveVoters choosing replacement for Keir Starmer, who announced he was standing down last monthGood morning and welcome to our UK politics live blog.Polls have opened in Keir Starmer’s old seat in Holb...
- Britons kept in dark about scale of climate crisis, say viewers of ‘first-of-its-kind’ emergency briefingNine out of 10 people felt motivated to act after watching film outlining threats to food security, economy and public healthThe British government must be honest about the scale of the threat pose...
- Southampton manager Eckert can stay on despite role in ‘spygate’ scandalTonda Eckert let off with fine and reprimand but avoids ban and will continue in his role with the club.
- Royal Navy serviceman arrested under National Security ActTeddy Young, 24, from Bedfordshire, charged with obtaining information to benefit foreign powerA member of the Royal Navy has been charged under Britain’s National Security Act with offences includ...