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Amundi, a European asset management firm, warns that U.S. GENIUS Act could destabilize global payment system

Amundi, a European asset management firm, warns that U.S. GENIUS Act could destabilize global payment system

Andrew Bailey warned today against stablecoins, which he believes risk undermining the public’s trust in the financial systems.
Central bank governors are hesitant about sudden policy changes

Central bank governors are hesitant about sudden policy changes

Top central bankers from the world’s largest economies convene on Tuesday in Sintra, Portugal, to discuss monetary policy as markets prepare for th...
UK’s inflation recovery outlook still unclear as BOE Governor hints at rate cuts

UK’s inflation recovery outlook still unclear as BOE Governor hints at rate cuts

The BOE is expected to cut interest rates in August, but it is still watching inflation closely.
Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns

Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns

Barclays Bank will ban cryptocurrency purchases with its bank cards from 27 June 2025, citing debt risks and lack of consumer protections. The post...
BOE Governor’s Skepticism Threatens Digital Pound Timeline Amid Global CBDC Race

BOE Governor’s Skepticism Threatens Digital Pound Timeline Amid Global CBDC Race

Speaking in Kyiv, Bank of England Governor Andrew Bailey has questioned the need for a retail Digital Pound, citing unclear benefits, while confirm...
Bank of England left interest rates unchanged at 4.25%

Bank of England left interest rates unchanged at 4.25%

The BOE stressed that policy was not on a preset path as rising energy prices and weak growth complicated the path ahead amid easing inflation.
UK Wants Banks to Have Less Exposure to Crypto by Next Year – Here’s Why

UK Wants Banks to Have Less Exposure to Crypto by Next Year – Here’s Why

The UK is coming up with more crypto rules that would be on the "restrictive end," encouraging banks to keep low exposure to crypto. The post UK Wa...
Trump’s T1 smartphone can’t be ‘made in the USA’

Trump’s T1 smartphone can’t be ‘made in the USA’

The Trump Organization’s newly revealed smartphone, the T1, is expected to be made in China despite the company’s claim that it will be built in th...
UK inflation unexpectedly surges to 3.5% after rate cuts

UK inflation unexpectedly surges to 3.5% after rate cuts

UK inflation moved in the wrong direction in April, jumping to 3.5% just weeks after the Bank of England cut interest rates.
London market seemingly unhappy about the new US-UK trade deal

London market seemingly unhappy about the new US-UK trade deal

The US. President Donald Trump unveiled a trade agreement with the UK.