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Bank of England
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Summary
location iconLondon, United Kingdom
website
company sizeCompany size: 1001-5000

The Bank of England is the central bank of the United Kingdom based on London and founded in 1694. The Bank of England provides financial market infrastructure oversight, issues bank notes, provides services as the settlement agent for financial institutions, regulates and supervises financial services firms, ensures that banks and other firms that offer financial services operate in good order, implements monetary policy, maintains financial stability, and keep inflation low and stable, and other services.

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Bank of England - Recent News & Articles

The Bank of England is facing major losses on its bond purchases — and it’s set to get much worse

The Bank of England’s losses on bonds bought to shore up the U.K. economy will be “materially higher than projected,” according to Deutsche Bank. In l...

Source: CNBC
Credit card debt hits record $1.17 trillion, New York Fed research shows

Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Ba...

Source: CNBC
Buy now, pay later provider Klarna says it filed confidentially for U.S. IPO

Klarna, which is known for its popular buy now, pay later business, said Wednesday it has confidentially filed IPO documents with the SEC. Analysts re...

Source: CNBC
Cross-Border Payments Could Further Enable APP Fraud, Says Payments Association Study

Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement an...

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FTX Sues Anthony Scaramucci to Recover Creditor Funds

FTX has reportedly sued former Trump administration official Anthony Scaramucci to recover creditor funds. The suit was one of several filed by the ba...

Source: PYMNTS
Transak gains Delaware Money Transmitter License and FINTRAC registration

Transak has received its second Money Transmitter License (MTL) from the US state of Delaware, while also gaining registration with the Financial Tran...

Source: Finextra
Fiserv leads $150m funding round for Melio

Melio, an accounts payable and receivable platform for small and medium businesses, has hit a $2 billion valuation in a $150 million strategic funding...

Source: Finextra
Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut

Inflation in the euro area rose from 1.7% to 2% in October, flash figures showed Thursday, coming in slightly higher than the 1.9% forecast. Core inf...

Source: CNBC
Mastercard Introduces New Commercial Cross-Border Payment Solution for Banks

Mastercard introduced a new solution that will enable banks to facilitate commercial cross-border payments that are near real-time, predictable and tr...

Source: PYMNTS
Payments Industry Growth Slows as Cash-to-Digital Shift Reaches Peak

Growth in the payments industry, which was once characterized by rapid expansion, is now slowing as the shift from cash to digital payments has reache...