Banks

Pension fund panic led to emergency Bank of England intervention: Here's what you need to know

Pension fund panic led to emergency Bank of England intervention: Here’s what you need to know

The Bank of England on Wednesday launched a historic intervention in the UK bond market to shore up financial stability as markets were in disarray following fiscal policy announcements from the new government. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England has launched a historic intervention to stabilize Britain’s economy, announcing …

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How to make more money with your savings now that the banks are raising interest rates

How to make more money with your savings now that the banks are raising interest rates

The Federal Reserve has raised its key rate five times this year, most recently on Wednesday, as part of its ongoing efforts to slow the pace of inflation. The idea is that since the US central bank makes it more expensive to borrow money, the demand for goods and services will fall, causing prices to …

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European markets slide as investors digest more interest rate hikes;  BOE decision to come

European markets slide as investors digest more interest rate hikes; BOE decision to come

Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …

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Should you buy a car in 2022?  Here's what consumers need to know to beat high vehicle prices

Should you buy a car in 2022? Here’s what consumers need to know to beat high vehicle prices

Buying a car continues to be a challenge amid record inflation, a shortage of support and rising interest rates. Since the start of the Covid-19 pandemic, prices for new and used cars have risen dramatically, leaving buyers with limited choice when it comes to finding affordable vehicles. According to Kelley Blue Book, the average price …

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