Financial sector

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City watchdog asks banks how they will support mortgage borrowers
Talks held between FCA and lenders over concern millions could struggle to afford higher payments

Kalyeena Makortoff Banking correspondent

30, Sep, 2022 @1:24 PM

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Average income of Deloitte’s partners in UK and Switzerland tops £1m
Each will receive distributable profit of £1,058,000 in year to end of May – 33 times UK’s average annual pay

Jasper Jolly

29, Sep, 2022 @11:01 PM

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‘I’d never seen anything like it’: how market turmoil sparked a pension fund selloff
Bank of England stepped in on Thursday to stabilise price of UK government bonds and avert a deeper crisis

Kalyeena Makortoff and Sarah Butler

29, Sep, 2022 @6:29 PM

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Doom loops and margin calls: 10 terms that explain the market meltdown
Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget

Larry Elliott Economics editor

29, Sep, 2022 @5:25 PM

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What do Tory MPs think of Liz Truss? A ‘toxic bomb’ that could sink the party | Katy Balls
Less than a month in, the PM’s political capital is draining away. And party conference is unlikely to offer any relief, says Spectator deputy political editor Katy Balls

Katy Balls

29, Sep, 2022 @2:02 PM

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Kwarteng tells City bosses his economic plan ‘will work’
Chancellor seeks to calm investors as government bonds continue to collapse

Kalyeena Makortoff and Julia Kollewe

27, Sep, 2022 @1:30 PM

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UK mortgage market turmoil: what does it mean for your deal?
Banks and building societies pull hundreds of deals in anticipation of further interest rate rises

Zoe Wood

27, Sep, 2022 @1:13 PM

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Nearly 300 UK mortgage deals pulled in a day as pound’s fall heralds rate rise
Santander, HSBC, Bank of Ireland, Clydesdale and building societies among those to withdraw products

Zoe Wood

27, Sep, 2022 @11:50 AM

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UK mortgages: ‘next 10 days crucial’ in how much rates rise
Building society chief responds after stock market fell and pound plunged in wake of Kwarteng’s mini-budget

Julia Kollewe

27, Sep, 2022 @9:22 AM

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City sceptical about benefits of scrapping cap on banker bonuses
Sources at largest banks say the did not lobby for move nor expect it to result in major changes to pay packets

Kalyeena Makortoff Banking correspondent

26, Sep, 2022 @4:15 PM

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Rishi Sunak said it was fairytale economics. That was one thing he got right | Will Hutton
The markets have no faith in the mini-budget and the British people will soon feel its effects

Will Hutton

25, Sep, 2022 @5:30 AM

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Banks among biggest beneficiaries of Kwarteng’s mini-budget
From scrapping the cap on bonuses to slashing red tape, the chancellor unveils a raft of policies he says will boost economic growth

Kalyeena Makortoff Banking correspondent

23, Sep, 2022 @3:00 PM

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